Introducing Honey Insurance
Finally, there’s a smarter way to protect your home. BOQ has partnered with Honey Insurance to offer smart home insurance tailored for landlords to protect their investment property for the essentials and help mitigate financial risk. Honey is underwritten by RACQ Insurance, one of Australia’s largest insurance providers and most trusted brands.
Why choose our Landlord Insurance?
Get insured in 3 minutes
Start protecting your big investment in as little as 3 minutes. Honey combines your info with data about your property to help you select the cover that works for you.
Covers tenant damage
If your tenant damages your property or has a mishap, Honey Landlord Insurance can help with the repair costs up to 15% of your sum insured, less any bond entitlement.
Covers Rent default
When your tenant is in default, you have cover for the net rental income up to $5k after bond entitlement.
Fixtures and Fittings
You’ll have cover for loss or damage to floor coverings, blinds and curtains caused by an insured event up to 5% of your sum insured.
Get a quote in 3 minutes
Choose your landlord insurance cover
Your rental property
Honey Landlord Insurance includes cover for your rental property, including any fixtures, against the following insured events: damage from storm, flood, fire or explosion, theft or attempted theft, vandalism, leaks, impact, lightning, earthquake and more.
Your contents
Honey also offers cover for contents at the insured address that you leave for your tenants to use at your rental property for the insured events listed above.
What you’re covered for
Honey Landlord Insurance can cover both the building and the contents of your investment property in the case that they need repair, rebuilding, or replacement after an insured event.
| Benefit | Honey Landlord Insurance |
|---|---|
Natural Disaster Damage - Flood, fire or storm |
If the worst happens and your property is completely destroyed we’ll cover the cost of reconstructing your property – and we’ll support you through it all. |
Tenant Damage |
If your tenant damages your property or has a mishap, we can help with the repair costs up to 15% of your sum insured. |
Loss of Rent |
When your property is unlivable and being repaired after an insured event, we pay the net rental income for up to 12 months or a maximum of 10% of your sum insured. |
Theft or Vandalism |
If something of yours gets stolen or vandalised, we’ll cover the costs of replacing it with something new up to 15% of your sum insured. |
Water Damage |
If your property and things are damaged by water, we’ll cover clean up and repair costs. |
Rent Default |
When your tenant is in default, we pay the net rental income up to $5k after bond entitlement. |
Fixtures and Fittings |
We’ll help with loss or damage to floor coverings, blinds and curtains caused by an insured event up to 5% of your sum insured. |
New for Old |
If we need to replace any of your things, we’ll cover you for that item’s value today – not its depreciated value. That’s new. |
Optional Motor Burnout |
When the electric motor in an appliance less than 10 years old burns out we may be able to cover the cost to have it repaired or replaced. |
Rebuilding your Property |
Your property is covered up to the agreed sum insured, but we’ll go over and above by up to 30% to help with the costs of design fees, demolition and removal of debris. |
These are some of the highlights and benefits of cover offered for landlords. Please refer to the PDS for details on insured events that can impact claims, as well as other exclusions and limitations.
Get your landlord insurance quote in 3 minutes
It’s quick and easy to get a quote and apply for landlord insurance. Simply apply online below or contact us from Monday to Friday, 8.00am - 6.00pm to ask for a quote.
How to make a claim
It can be really tough when things go wrong. So, our claims team is all about using their smarts to make things easy for you.
Honey makes slow, painful claims a thing of the past. For anything straightforward, we work quickly to get your life and things back to where they were. And for claims that take a little longer – like when we manage and co-coordinate complex repairs – we always keep you up to speed.
Important information
For important information on Landlords Insurance, view the files below.
We can also help with:
Know what your repayments are for peace of mind
Fixed Rate Home Loan
A fixed rate home loan gives you the certainty of knowing exactly what your repayments will be for up to 5 years, while protecting yourself against any potential interest rate rises.
- Owner occupier and investor options available
- Great interest rates across our range of terms
- Repayment options available include Principal and Interest repayments and Interest Only repayments
Our most popular low rate loan, packed with features
Clear Path Variable Home Loan
If you're looking for a fully featured, cheap home loan with a low rate, our Clear Path Variable Rate Home Loan is for you!
- Owner occupier and investor options available
- Mortgage offset
- Unlimited free redraw and flexible repayments
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