Not only do we provide insurance cover for your own house, we can also cover your rental properties, offering a wide range of benefits to help ensure you can focus on your investment returns rather than your insurance. We also provide cover for holiday homes and lifestyle properties.

We are proud of the strong reputation we have established for an empathetic and top quality claims service.  Our insurance has wide-ranging benefits, meaning you’ll never need to worry about whether you’re covered or not.

Our policies are written in language that’s easy to understand and we’re always happy to answer any questions you may have about this important agreement between us.


House Cover Options

You can choose from the following cover options for your house:

  • Area Replacement
    Where your house is damaged by a covered event, we'll pay the reasonable costs to repair or rebuild the damaged parts of the house to a condition substantially the same as it was in when it was new. If your property is a total loss, we'll pay the reasonable costs to rebuild your house to the same floor area recorded in the policy schedule.
  • Agreed Value
    You will have the same rights as under our Area Replacement cover, except that our liability will be limited to no more than the sum insured recorded in the policy schedule. In limited circumstances we may require your house to be insured on this basis (for example, if it is a very expensive property or if it has unique features that are hard to value).

Contents Cover

Replacement Value
This cover provides 'new' for 'old' cover. We will cover the cost associated with the repair or replacement of the contents with the nearest equivalent items that are 'substantially the same' as, but not better or more extensive than, the condition of the items when they were new. 


Policy Cover at a Glance

House

Insured Events Area Replacement Agreed Value
Sudden, Accidental Damage            
Burglary          
Malicious Damage            
Fire and Explosion         
Natural Disaster           
Weather               
Legal Liability          
Additional Benefits Sub-limits
Emergency Entry $10,000
Glass Breakage No excess/NCB
Hidden Gradual Loss $5,000
Intentional Fire or Explosion by Tenants As per policy limits
Intentional Vandalism or Theft by Tenants $25,000
Landlord's Property $20,000
Landscaping $5,000
Locks and Keys As per policy limits
Loss of Rent $15,000 or amount of your choice
New Building Work $20,000
Protection Costs $10,000
Tree Removal $2,000
You choose your Repairer As per policy limits

Contents

Insured Events Replacement Value
Sudden, Accidental Damage     
Theft      
Burglary       
Malicious Damage       
Fire and Explosion      
Weather       
Legal Liability       
Additional Benefits Sub-limit
Contents in Transit Sum insured
Emergency Entry $10,000
Hidden Gradual Loss $5,000
Intentional Fire or Explosion by Tenants Sum insured
Intentional Vandalism or Theft by Tenants $25,000
Pairs and Sets Sum insured
Protection Costs $10,000
Reduction in Value Sum insured
You choose your Repairer Sum insured

Important Cover Sub-limits

Policy Item Sub-limit
Legal Liability $10,000,000
Retaining Walls $200,000
Bodily Injury $1,000,000

Items limited to a sub-limit unless specified in your policy schedule

Item Sub-limit
Collections $10,000
Works of Art $25,000

Automatic Additional Benefits

HOUSE

  • Emergency Entry
    If emergency services cause damage to your property on entry we'll cover it up to $10,000. 
  • Glass Breakage
    Claims solely for accidental breakage of glass in windows, doors or screens of your house will not have an excess applied. 
  • Hidden Gradual Loss
    In certain circumstances we'll provide up to $5,000 for hidden rot, hidden mildew or hidden gradual deterioration caused by water leaking from an internal source. 
  • Intentional Fire or Explosion by Tenants
    We'll provide cover for damage caused by fire or explosion intentionally caused by any tenant, guest of a tenant or your guest.
  • Intentional Vandalism or Theft by Tenants
    We'll provide up to $25,000 cover for loss caused by an intentional act of theft or vandalism by any tenant, guest of a tenant or your guest. 
  • Landlord's Property
    We'll automatically provide up to $20,000 current value cover for chattels that would usually be covered under a contents policy. 
  • Landscaping
    If we've accepted a claim, you'll also be entitled for up to $5,000 to replant or repair damaged lawns, flowers, trees, hedges or shrubs or to pay for other reasonable landscaping costs.
  • Locks and Keys
    We will cover the reasonable cost of replacing locks and keys (including electronic access cards and transponders and remote door openers) if they have been lost, damaged, stolen or duplicated. You will not have an excess applied and your No Claims Bonus will not be affected.
  • Loss of Rent
    We'll automatically provide up to $15,000 loss of rent cover where damage to the house makes it uninhabitable. For an additional premium, we can increase this limit to your specific requirements. We will also provide up to $5,000 for rent lost as a result of your tenant being evicted for non payment of rent, your tenant legally stopping rent due to prevention of access to the house, or your tenant vacating your house without giving you required notice.
  • New Building Work
    If you're building a new structure, we'll provide up to $20,000 to cover the new structure being built and any building materials that will be incorporated. 
  • Protection Costs
    We'll pay up to $10,000 for reasonable costs incurred to protect a Member's property from loss, or following a loss, to minimise damage and prevent further loss. We will also pay the reasonable costs incurred to replenish your fire fighting equipment after it has been used to protect your house.
  • Tree Removal
    If we've accepted a claim, you'll also be entitled for up to $2,000 for the reasonable costs incurred for the removal of a fallen or partially fallen tree on your property.
  • You choose your Repairer
    You can choose to either use one of our preferred repairers and we'll guarantee their repairs, or you can select a repairer of your choice. 

CONTENTS

  • Contents in Transit
    We cover your property for accidental loss by restricted perils while being permanently relocated to a new address.
  • Emergency Entry
    If emergency services cause damage to your property on entry we'll cover it up to $10,000. 
  • Hidden Gradual Loss
    In certain circumstances we'll provide up to $5,000 for hidden rot, hidden mildew or hidden gradual deterioration caused by water leaking from an internal source.
  • Intentional Fire or Explosion by Tenants
    We'll provide cover for damage caused by fire or explosion intentionally caused by any tenant, guest of a tenant or your guest.
  • Intentional Vandalism or Theft by Tenants
    We'll provide up to $25,000 cover for loss caused by an intentional act of theft or vandalism by any tenant, guest of a tenant or your guest. 
  • New for Old
    Under our Replacement Value cover option, if an item can not be repaired, we will replace it with the nearest equivalent item available that is substantially the same as the damaged item was when new.
  • Pairs and Sets
    If we are unable to repair an item of artwork that forms part of a pair or set we will, at your request, settle the claim as if the whole pair or set was involved in the loss. 
  • Protection Costs
    We'll pay up to $10,000 for reasonable costs incurred to protect a Member's property from loss, or following a loss, to minimise damage and prevent further loss. We will also pay the reasonable costs incurred to replenish your fire fighting equipment after it has been used to protect your house.
  • Reduction in Value
    If we choose to repair an artwork, we'll pay you for any reduction of value that results. 
  • You choose your Repairer
    You can choose to either use one of our preferred repairers and we'll guarantee their repairs, or you can select a repairer of your choice. 

Measuring your Home

For all house policies, it’s important that you provide us with an accurate measurement of the total floor area of your house. Check out our handy guide to help you get this right.  It also highlights other features you may need to tell us about.


Check how much Contents Cover you need

It's important to regularly review how much your contents are worth - the cost to replace everything you own might be more than you think. Our Contents Valuation Guide can help you work out the approximate value of your belongings quickly and easily. 


Why Insure your Rental Residence with MAS?

As a mutual, we work for you, our Members. We seek to ensure that you’re getting the best possible cover for a fair premium and excess.

We provide the following additional benefits for insuring with MAS:

  • Easy to understand policies.
  • Top quality and empathetic claims service.
  • Insure your contents and your house and/or motor vehicle and you’ll be eligible for our multi-product discount. Insure your motor vehicle, house and contents and you’ll be eligible for our Goldshield discount, including on your Residential Rental Property policies.
  • Where an event results in a claim under this policy and another policy you hold with us, you only have to pay the total excess that applies under the policy with the highest total excess.


Three things every landlord needs to know

Being a landlord can be complicated. Best case scenario – you have great tenants who take good care of your property and pay rent on time. But accidents happen, and it’s important to have the right insurance and follow a few guidelines. Continue reading...