Stats crunched by Mozo Experts
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34Landlord Insurance Policies
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34Insurance Companies
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3Award Categories
A big congratulations to the 2024 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 34 landlord insurance policies.
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
Australia's Best Landlord Insurer
GIO has been named Australia's Best Landlord Insurer, securing awards in both the Exceptional Value and Exceptional Quality categories for Landlord Insurance. This recognition reflects GIO's ability to offer superior insurance options, combining competitive pricing with high-quality coverage. Despite the inclusion of other important features in our quotes, GIO consistently demonstrated strong price competitiveness, reinforcing its leading position in the market.
Congratulations to:
GIO
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- Loss of rent - cover for up to 52 weeks, up to 10% of sum insured
- Underinsurance protection for up to 25% of sum insured
Exceptional Value Landlord Insurance
Balancing expenses with income from an investment property is often a tricky puzzle. Our assessment found that choosing the below winners can help keep ongoing costs low while offsetting risk of damage to property. Using 3,000 customer quotes we identified the policies that reliably offered low premium prices without sacrificing cover.
Congratulations to:
AAMI, Apia, Budget Direct, Coles, GIO, ING, NRMA Insurance, and Virgin Money
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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 12 months, up to 10% of sum insured
- Optional underinsurance protection - 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 underinsurance protection - 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 underinsurance protection - up to 25% of sum insured
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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 10% of sum insured
- Underinsurance protection for up to 25% of sum insured
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Buildings & Contents Insurance
- Loss of rent - cover for up to 12 months
- Flood cover
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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
Exceptional Quality Landlord Insurance
For landlord buildings and contents insurance, We have considered all the policies that offer underinsurance protection. This assessment is weighted towards cover for flood, accidental damage, loss of rent and legal liability, but also considers numerous other events, covers and options.
Congratulations to:
Australia Post, Budget Direct, CBA, Coles, GIO, ING, Kogan Insurance, Qantas, QBE, Suncorp Bank, and Virgin Money
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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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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 underinsurance protection - 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 underinsurance protection - 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 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 - Up to 24 months, up to 20% of buildings sum insured
- Underinsurance protection - Up to 30% of sum insured
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Building & Contents Insurance
- Loss of rent - Up to 24 months, up to 20% of buildings sum insured
- Optional Extra - up to 30% 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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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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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
What are the Mozo Experts Choice Awards?
Now in their eleventh year, the Mozo Experts Choice Awards present an opportunity to recognise products in the market we believe offer great value to Australians.
For the 2024 Home Insurance awards, our Experts assessed 34 landlord insurance policies 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 in this category 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 2024 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 2024 Mozo Experts Choice Awards for Landlord Insurance methodology report for detailed information on how we performed product comparisons and determined the final winners for 2024.
Did you compare all landlord insurance providers in the market for these awards?
We collected pricing and cover information for 34 landlord insurance policies and 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 Mozo's Financial Services Specialist he contributes to the team of analysts that gather information and compare products every day, and oversees the calculations and data quality used for producing 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.