Stats crunched by Mozo Experts
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33Landlord Insurance Policies
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32Insurance Companies
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4Award Categories
A big congratulations to the 2023 winners of the Mozo Experts Choice Awards for Landlord Insurance. To determine which home insurance policies deliver the best value for Australian property investors and landlords, our team of expert judges assessed 33 landlord insurance policies from 32 landlord insurance providers.
If you’re looking for protection for your investment property, our winners list below outlines the policies that offer the best value and most comprehensive coverage and is an ideal place to begin your search.
Standout Winners
Insurer of the Year Car and Home Insurance
Taking out Exceptional Value & Quality awards for Car, Home & Contents and in Landlord Exceptional Quality awards, Suncorp Insurance has been crowned the Insurer of the Year Car and Home Insurance for 2023. Suncorp's products stood out as offering excellent levels of cover and policy features to ensure that you are well protected if the unexpected happens.
Congratulations to:
Suncorp Insurance
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Landlord Insurance
- Loss of rent - cover for up to 52 weeks, up to 10% of sum insured
- Underinsurance protection for up to 25% of sum insured
Car and Home Insurance Exceptional Value Insurer of the Year
Budget Direct has once again been crowned our Value Insurance Provider of the Year. This marks five years in a row for Budget Direct has taken out one of our major awards. Their insurance policies continue to deliver low prices while maintaining solid cover limits according to our assessment and are worthy of consideration for anyone where value for money is a key consideration when purchasing car insurance.
Congratulations to:
Budget Direct
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Landlord Insurance
- Loss of rent - cover for up to 12 months, up to 10% of sum insured
- Optional underinsurance protection - up to 25% of sum insured
Exceptional Value Landlord Insurance
Balancing expenses with income from an investment property can often be tricky. Using 3,000 customer quotes, our judges identified the policies that reliably offered low premium prices without sacrificing decent levels of cover.
Congratulations to:
AAMI, Apia, Budget Direct, GIO, ING, RAA, and Virgin Money
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Building & Landlord Contents Insurance
- Loss of rent - cover for up to 52 weeks, up to $25,000
- Optional underinsurance protection - up to the cost of rebuilding
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Property & Contents Insurance
- Loss of rent - cover for up to 52 weeks, up to 20% of sum insured
- Rent default - cover for up to 14 weeks, up to $5,000 in legal costs
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Home & Contents Insurance
- Loss of rent - cover for up to 12 months, up to 10% of sum insured
- Optional underinsurance protection - up to 25% of sum insured
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Property & Contents Insurance
- Loss of rent - cover for up to 52 weeks, up to 10% of sum insured
- Underinsurance protection for up to 25% of sum insured
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Building & Contents Insurance
- Loss of rent - cover for up to 12 months, up to 10% of sum insured
- Optional cover for accidental loss and damage
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Home & Contents Insurance
- Loss of rent - cover for up to 52 weeks
- Rent default - cover for up to 20 weeks
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Home & Contents Insurance
- Loss of rent - cover for up to 12 months, up to 10% of sum insured
- Optional cover for accidental loss and damage
Exceptional Quality Landlord Insurance
For landlord buildings and contents insurance, our quality award highlights the policies that score highest of the policies assessed for a range of features. Our Judges looked at things like cover for loss of rent, acts of tenants and legal liability, but also considered numerous other events, cover and options.
Congratulations to:
Budget Direct, CBA, GIO, ING, Kogan Insurance, Qantas, Suncorp Insurance, and Virgin Money
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Home & Contents Insurance
- Loss of rent - cover for up to 12 months, up to 10% of sum insured
- Optional underinsurance protection - up to 25% of sum insured
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Investment Home Package - Building & Contents Insurance
- Loss of rent - cover for up to 50 weeks
- Underinsurance protection for up to 25% of sum insured
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Property & Contents Insurance
- Loss of rent - cover for up to 52 weeks, up to 10% of sum insured
- Underinsurance protection for up to 25% of sum insured
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Building & Contents Insurance
- Loss of rent - cover for up to 12 months, up to 10% of sum insured
- Optional cover for accidental loss and damage
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Building & Contents Insurance
- Loss of rent - cover for up to 24 months, up to 20% of buildings sum insured
- Cover for accidental loss and damage
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Home & Contents Insurance
- Loss of rent - cover for up to 12 months, up to 10% of sum insured
- Optional cover for accidental loss and damage
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Property & Contents Insurance
- Loss of rent - cover for up to 52 weeks, up to 10% of sum insured
- Underinsurance protection for up to 25% of sum insured
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Home & Contents Insurance
- Loss of rent - cover for up to 12 months, up to 10% of sum insured
- Optional cover for accidental loss and damage
What are the Mozo Experts Choice Awards?
Now in their tenth year, the Mozo Experts Choice Awards present an opportunity to recognise products in the market we believe offer great value to Australians.
For the 2023 Home Insurance awards, our Experts assessed 33 landlord insurance policies from 32 insurance providers head to head.
“Landlord insurance not only covers your investment property and its contents, it also usually offers cover for losses such as tenant defaults on rent payments, or damage that means the property cannot be rented for a certain amount of time,” said Peter Marshall, Mozo Experts Choice Awards judge.
“Our extensive research can help you to get the cover you need without paying more than you have to.”
For full details on how we crunched the numbers, the awards criteria and how we determined the winners, see the 2023 Mozo Experts Choice Awards for Landlord Insurance methodology report.
Our Expert Judges
We couldn’t have a name like the Mozo Experts Choice Awards without a dedicated and experienced team of product data analysts at the helm. Combined they have decades of experience behind them. Meet them below.
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AJ Duncanson
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Peter Marshall
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Meredith Allan
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George Hirst
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Rumpa Saha
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Afia Asha
FAQs
What’s the Judging Criteria for the Mozo Experts Choice Awards?
Running since 2014, the Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers. See our 2022 Mozo Experts Choice Awards for Landlord Insurance methodology report for detailed information on how we performed product comparisons and determined the final winners for 2022.
Did you compare all landlord insurance providers in the market for these awards?
We collected pricing and cover information for 35 landlord insurance policies across a combined 43 home and landlord insurance providers. We aim to include most providers in the market in the Mozo Experts Choice Awards. However, not every product in the market will be included in our review.
How do I find the cheapest landlord insurance policy for me?
The best place to start is by checking out the winners in the Exceptional Value categories. Our experts have crunched the data on a range of landlord scenarios and these were the insurance providers and policies that presented the greatest value considering the coverage included when compared to similar products.
It’s important to understand that several factors go into determining the cost of landlord insurance, such as your property’s location and building materials, contents value and claim history. So, you’ll still need to compare features and options to find a policy that is right for you and then get quotes to check prices.
Who are the Mozo Experts?
The Mozo Experts Choice Awards are overseen by AJ Duncanson and Peter Marshall. AJ is Mozo’s Data Director, a data scientist and actuary who has worked in financial services and product comparison for over 30 years. Peter has been in the industry even longer, and as Research Manager he leads the team of analysts that gather information and compare products every day, and perform all the calculations behind the Mozo Experts Choice Awards.
I work for a winning provider, how do we promote our win?
Please get in touch with us to discuss by email should you have any queries.