Peace of mind with the exclusive :Different x ShareCover partnership
We've joined forces with ShareCover to provide a customised and exclusive policy for all our :Different owners. You can be confident in knowing that ShareCover is proudly backed by IAG, one of the most trusted and respected insurance brands in the regions in which it operates. IAG's businesses underwrite over $11billion of premiums per annum, selling insurance under many leading brands including NRMA Insurance and CGU.
What’s covered in the policy?
When you join :Different you can rest easy with our exclusive landlord contents insurance including rent default.
Rent default - $18,000 with pandemic exclusion
Rent default legal expenses - $10,000 sub-limit
Loss of Rent during repairs - $52,000 or 52 weeks
Loss of Rent (uninhabitable or unsafe) - $52,000 or 52 weeks
Prevention of access (Loss of Rent) - $52,000 or 52 weeks
Death of sole tenant (Loss of Rent) - $52,000 or 52 weeks
Damage by tenant - $70,000
Theft by tenant - $70,000
Contamination - $70,000
Contents sum insured- $70,000
Whether you own one or multiple properties, our exclusive landlord contents insurance policy gives you unmatched benefits
Simple & easy
Say goodbye to hours spent researching and evaluating quotes. Receive complete peace of mind with easy auto-renewal.
More money in your pocket
Your first year of landlord contents insurance, valued at $350, is free on us. Enjoy competitive prices from year two onwards.
Exclusive Rent Guarantee
If your tenant is more than 5 days late, we'll cover the rent.
Does the policy include building insurance?
The free first year insurance only includes landlord contents plus rent default.
We can also offer you building insurance at an additional cost.
Speak to our team to learn more about how you can bundle and save.
Answer a few questions about your property and we'll send you a competitive quote.
If you like what you see our service partner, Modern Risk Solutions, will issue the building insurance policy.
To make the process easy for you, we can take care of the premium directly from your owner account with us.
Take advantage of a low touch process every year where we can auto-renew the building insurance alongside your contents insurance.
Unlock even more value with :Different
As a full-service property management company, we believe in doing things differently.
In our quest to rebuild property management from the ground up, we asked owners what was most important to them.
Peace of mind ranked as one of the most important factors.
So we wanted to give our owners something useful.
This is why we offer FREE landlord contents insurance in the first year of management.
It's just one of the many benefits we offer to investment property owners like you.
What you get
$100/month fixed management fee
:Different owners pocket an additional $1,200 per year, on average, just by avoiding hidden management fees.
Full visibility on the stuff that matters
Everything at your fingertips, when you need it with our mobile app for owners.
A team that always has your back
We're not just about technology and free landlord contents insurance. A committed team looks after your investment like it's their own.
Property owners across Australia are loving our service
It was so easy to move our property over to Different, wish we did it sooner! The app is awesome, allows us to have all the paperwork and arrange maintenance easily. The team are quick to respond and provide fantastic service. Highly recommended!
Angela C - current :Different owner
Common questions owners ask about landlord insurance
Landlord insurance is a type of insurance policy that is specifically designed for property owners who are renting out a property to tenants. It protects them from the common risks associated with renting out their investment property that can leave them out of pocket, such as renters not being able to pay their rent, or accidental damage caused by unforeseen events.
The main things our landlord contents insurance policy will cover you for are the following:
- Accidental loss or damage (including deliberate acts and malicious damage or vandalism)
- Loss of Rent including Rent default (with a pandemic exclusion)
- Legal Expenses
- Legal Liability
- Tenant Hardship
You can have a read over the full Product Disclosure Statement for more information on what's covered and what's not.
We would absolutely recommend having landlord insurance for peace of mind, as unfortunately, unexpected events can occur with your investment property.
Whilst we will select the best tenants for your property, we can’t predict the future and there are a few common occurrences which can affect your tenant’s ability to pay rent. These can include your tenant losing their job, suffering from an illness or a relationship breakdown.
Having landlord insurance could save you significant losses in the long run!
Your first year will be free with us, for your second year the price will be offered at a discounted rate that we’ve negotiated with our insurer. Currently, the renewal price of these policies is $349.50, including GST and all taxes and fees.
We will always automatically renew your landlord contents policy when it comes due for renewal. From the second year onwards, you will need to pay for this yourself, however, we will handle all the logistics and payment of the policy from your owner accounts with us.
Our Rent Guarantee also continues at no additional cost, as long as you have our :Different Landlord Contents Insurance and are eligible to receive our Rent Guarantee. For more information, please read our Rent Guarantee Terms and Conditions.
Our exclusive Rent Guarantee is available to all owners who have their insurance cover through :Different. The Rent Guarantee is not insurance, but rather a service we offer to help given owners predictability in their cash flows. If you qualify, and your tenant is more than 5 days late on their rent payment, we’ll pay their rent and follow up with them to recover this. The Rent Guarantee is a separate service we provide, which is underpinned by our landlord insurance. To qualify, you must have our landlord insurance through us, and you must also read and sign the Rent Guarantee Terms and Conditions when you sign up with us.
No, landlord contents insurance and building insurance are two different things.
Our landlord contents insurance will cover you for contents and also tenant related risks, such as loss of rental income due to property damage from unexpected events such as a fire or storm, rental default if your tenants leave without paying outstanding rent, damage or loss to your property in the case of malicious damage or theft and landlord liability insurance.
Yes, our :Different-ShareCover landlord contents insurance is specially designed to also cover loss of rent or rent default up to $18,000. However, there is a general exclusion on claims related to a pandemic. Therefore, if your tenant defaults on rent and can prove this was due to a pandemic, the rent default provision will not be claimable.
No, the insurance policy will not cover your tenant's belongings, but it will cover your contents that are situated at the property eg: curtains, blinds, internal blinds; furniture and appliances that aren’t built-in and swimming pools, saunas and spas that aren’t permanently fixed.
Yes. The insurance will cover any accidental or malicious damage or loss to the property from the tenants, and or their visitors and family.
To submit a landlord insurance claim, we will need some or all of the following documents depending on the type of claim:
- Lease agreement
- Policy Number
- Owners full name
- Insurance policy
- Tenants name (the only time to give tenant number, if needs access )
- The issue that has occurred with the timeline of events in detail
- Quotes or receipts for claim
- Entry condition report and routine inspections
We will have most of this information already for you, so if you wish to make or start a claim, you can do so by contacting :Different and we can manage your claim for you.
The vast majority do, but some don’t. E.g. Ground floor homes in flood zones, homes in bushfire zones, and heritage listings that haven’t been rewired and replumbed in the past 20 years. You can talk to our team to understand the full list of exclusion postcodes.
The free landlord insurance for the first year covers contents only. Building insurance is available from ShareCover at an additional fee to you. If you’d like this, we’ll put you in touch with our service partner Modern Risk Solutions to get you a quote specific to your property.
Yes, ShareCover, backed by IAG, offers a comprehensive building insurance product.
However, some properties such as strata apartments, may not require building insurance as it is usually covered in your strata payments.
If you’d like building insurance, we’ll put you in touch with our service partner Modern Risk Solutions to get you a quote specific to your property.
We'd be sad to see you go, but if you decide to terminate the management agreement with the first year, your free landlord insurance will be cancelled at the management end date. This means that it will not travel with you. It's important that you take the time to secure your own landlord insurance, with a provider of your choice, to ensure that your property is protected.
For complete peace of mind and continuity of coverage, if you opted in for the free first year insurance, we will always auto-renew your landlord insurance policy (at a discounted rate) on your behalf (unless otherwise instructed in writing). Payment for this renewal is made from your owner account with us.
From the second year onwards, if you decide to terminate your management agreement, you can choose to take the policy with you, or we can arrange for a pro-rated refund from the management termination date. If you decide to get insurance elsewhere or simply not renew the policy, we can also arrange a pro-rated refund on your behalf.