CANSTAR 2024 2025 insurer of the year home and contents CANSTAR 2023 2025 insurer of the year home and contents

Insurer of the Year - Home & Contents, two years running

And once again, awarded Canstar's Outstanding Value - Home & Contents Insurance, 2023-2025.

Compare our landlord insurance

Have a rental property that needs insurance or looking for an investment property? Our house insurance for landlords gives you peace of mind when renting out your property.

  • house fire

    Up to 20% more cover

    If your house is totally destroyed by fire (excludes from natural hazards).

  • whiteware

    Essential contents

    Get up to $20k to cover your rental's whiteware and window coverings.

  • meth contamination

    Meth clean up

    Get up to $30k to help repair your rental if it suffers meth contamination damage.

  • rent RENT

    Cover your rent

    We'll cover up to 8 months' rent if your rental becomes uninhabitable while tenanted.

*Benefit applies to non-structural renovations only.

Policy terms, excesses, limits and exclusions apply. Cover subject to current underwriting criteria.

Tower's landlord house insurance policy includes

This is a summary only. For all of these benefits, please make sure you read the policy wording to understand the terms, conditions, limits and exclusions that may apply.

Landlord's Plus Cover

Extended sum insured for fire 
If your house is destroyed by fire, this benefit gives you up to 20% more cover than your sum insured. Excludes fires following natural hazards.
Extended sum insured for fire
If your house is destroyed by fire, this benefit gives you up to 20% more cover than your sum insured. Excludes fires following natural hazards.
Deliberate damage 

Up to $20,000

We’ll pay for deliberate damage caused by your tenants or their guests during the period of insurance to your house.
Deliberate damage
We’ll pay for deliberate damage caused by your tenants or their guests during the period of insurance to your house.
Up to $20,000
Loss of rent 
Up to eight months rent covered if your house is made uninhabitable by loss or damage covered under the policy while tenanted.
Loss of rent
Up to eight months rent covered if your house is made uninhabitable by loss or damage covered under the policy while tenanted.
Damage caused by a natural hazard 
If damage to your home exceeds the NHCover limit, we pay the difference up to your sum insured. 
Damage caused by a natural hazard
If damage to your home exceeds the NHCover limit, we pay the difference up to your sum insured. 
Liability protection 

Up to $20m

Liability protection
Up to $20m
Hidden gradual water damage 

Up to $2,000

We'll repair damage to your home which is caused over time by a leak or overflow from an internal water pipe, hose, or tank.
Hidden gradual water damage
We'll repair damage to your home which is caused over time by a leak or overflow from an internal water pipe, hose, or tank.
Up to $2,000
Landlord’s whiteware and window covering 
We'll cover up to $20,000 for your rental property's whiteware and window coverings. It means you won't need to take out a separate contents policy for any appliances or curtains you provide your tenants.
Landlord’s whiteware and window covering
We'll cover up to $20,000 for your rental property's whiteware and window coverings. It means you won't need to take out a separate contents policy for any appliances or curtains you provide your tenants.
Sustainability upgrade 

Up to $15,000

If your house is destroyed, we'll provide up to $15,000 for you to add or upgrade to sustainable products in your new house. Excludes losses caused by a natural hazard.
Sustainability upgrade
If your house is destroyed, we'll provide up to $15,000 for you to add or upgrade to sustainable products in your new house. Excludes losses caused by a natural hazard.
Up to $15,000
Garden retaining walls 

Up to $25,000

Cover for garden retaining walls automatically included.
Garden retaining walls
Cover for garden retaining walls automatically included.
Up to $25,000
Landscaping 

Up to $2,000

You’re covered for damage to your lawn, flowers, trees, hedges or shrubs, caused by fire damage to your home, or damage from a vehicle.
Landscaping
You’re covered for damage to your lawn, flowers, trees, hedges or shrubs, caused by fire damage to your home, or damage from a vehicle.
Up to $2,000
Pay only one excess 
Pay only one excess when claiming on multiple eligible policies for a single event. The highest excess applies.
Pay only one excess
Pay only one excess when claiming on multiple eligible policies for a single event. The highest excess applies.
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Manage your insurance with My Tower

You can update, claim and keep track of your insurance 24/7 through My Tower. Log in or register today.

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Tower Translates

We know insurance lingo can be a bit confusing. While our policies are WriteMark™ approved, we've put our heads together to explain some common terms.

Check out our translations

Landlord insurance FAQs

How much should I insure my rental property for?

It's important that the amount you insure your investment property for is enough to cover all costs to rebuild your house. This includes things like demolition costs, debris removal, professional fees, and council fees. 

Learn more about calculating the house sum insured amount

What is risk-based pricing?

When calculating the premium for a property, one thing we take into account is the specific natural disaster risk at your address. We call this risk-based pricing. For example, Wellington has a higher risk of earthquake damage than Auckland. 

We believe this is the fairest way to determine the cost of insurance. 

Why we’ve changed to risk-based pricing for house insurance

How is the risk rating calculated?

We use various sources of data to assess the level of risk each address faces. This includes information about the building itself like age, construction materials, and sum insured, as well as its geographical location. 

To help us better understand the earthquake and flood risk in New Zealand, we've partnered with Risk Management Solutions (RMS), one of the world's leading catastrophe modelling companies. 

RMS earthquake and flood models are built using advanced technologies, science, and date, including lessons from historical events, geologic data, ongoing global research, and damage statistics. 

Assessing properties with this level of detail means earthquake and flood damage risk can vary from one address to another, even for properties on the same street. These differences are reflected in our premiums. 

Learn more about your property risk profile

Is my investment property covered for earthquakes and other disasters?

Yes. If your rental property is damaged in an earthquake or natural disaster your Tower Landlord insurance covers you to repair or rebuild your house.

This includes cover for retaining walls, recreational, and other features. 

For more detailed information, check your policy wording or call us on 0800 379 372.

Is damage caused by pets covered?

We are pet lovers and know that from time to time they are not always as well behaved as you may like. Unfortunately, our policies don't cover damage to your house or furnishings that is caused by your pet.

Is general wear and tear to the house covered?

Damage to your home made through daily life, ageing, and normal wear and tear is not covered. However, we do cover you for hidden gradual water damage caused over time by a leak or overflow from an internal water pipe, hose, or tank. Limits apply. 

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