Insured Events
This natural disaster is covered as an insured event, including damage caused by river overflow.
Flood
Damage caused by these small creatures, such as rats or termites, is excluded unless resulting from another insured event.
vermin or insects
This optional cover pays out for mishaps like dropping your TV or spilling wine on a couch
Accidental Damage at Home
The maximum AAMI will pay for spoiled food or medicine from a fridge/freezer breakdown is usually this amount
$400
Landlord Insurance can cover replacement costs if tenants damage walls, floors, or fixtures through deliberate acts.
malicious damage by tenants
This is the insured event where hidden plumbing or appliances cause water damage inside the home.
EOL
Loss or damage caused by this type of deliberate act by the policyholder is excluded
intentional or reckless damage
AAMI provides this benefit if your home becomes uninhabitable after an insured event, so you don’t have to pay for a hotel
temporary accommodation cover
Unspecified portable valuables have a per-item limit of this amount
$1,000
Under Strata Insurance, this shared space is covered even though it’s not part of an individual lot owner’s unit
common property
his type of event is covered even if it occurs gradually, as long as it wasn’t easily visible by a reasonable person (Landlord PDS update).
gradual escape of liquid?
Strata Insurance PDS excludes any loss caused by this type of digital attack
cyber incident or cyber-attack
This optional add-on for landlords protects against unpaid rent, theft, or malicious damage by tenants.
Tenant Protection
The maximum payout for business stock stored at home is capped at this per incident
1,000
If a landlord’s unit is unliveable after an insured event, cover may extend to this type of financial loss.
What is loss of rent
Name one of the two seismic events covered as insured events.
earthquake or tsunami
Under Contents cover, this type of work-related material is capped at $1,000 per incident if stored inside the home
stock used in a trade, business, or profession
Specified jewellery and watches can be covered worldwide for up to how many consecutive days while worn or in a safe
30 days
Strata Insurance covers temporary accommodation and loss of rent up to this percentage of the building sum insured, for 52 weeks
10%
Landlord policies include liability protection if a tenant or visitor suffers this on the property
injury or property damage
This fiery peril, common in summer, is specifically listed as an insured event.
Bushfire
Landlord Insurance now excludes this category of activity, formerly known as extensions, alterations, or renovations
building works
This premium upgrade removes the need for a set sum insured by guaranteeing a full rebuild of the home.
Complete Replacement Cover
Legal liability cover under AAMI’s Home Contents policies is capped at this amount.
$20 million
Some landlord claims may be reduced or refused if the property was left vacant for longer than this period without AAMI’s knowledge.
60 consecutive days