Looking for cover for your rental?
Tower's got you covered with one simple policy and great benefits.
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. Need help choosing the right landlord insurance policy? Check out our buyers guide.
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 disasters.
Whiteware and window coverings cover
We'll cover up to $20,000 for your rental property’s whiteware and window coverings so you won't need a separate contents policy.
Your risk rating
We accurately calculate house insurance premiums based on flood and earthquake risk. Get a quote to check the risk rating for your home.
We're over the moon to have won Canstar ’s 2023 Outstanding Value Home & Contents Insurance Award, as well as the General Insurer of the Year 2022 at the NZ Insurance Business Awards.
Landlord's Plus Cover
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.
If you're wondering what all that insurance lingo is all about, let’s unpack it.
Landlord insurance FAQs
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.
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.
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.
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.
Damage to your home made through daily life, ageing, and normal wear is not covered. However, we do cover you for gradual damage caused by water leaking from concealed water pipe, tank, or hose, up to $2,000.
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.