Best Landlords' Insurance in NZ
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The 5 Best Landlords’ Insurance in NZ

Renting out your property? To help you mitigate the potential risks of this move, we’ve put together a list of the best landlords’ insurance in NZ for this article.

We’ll also cover the fundamentals of choosing a landlord insurance policy. Hopefully, this will be of great help when you browse our options below.

At any rate, let’s start!

How to Choose Landlord Insurance

Landlord insurance is almost the same as home or contents insurance – but with more protection for the landlord’s property and belongings.

Before buying landlords insurance, you have to look at the coverage, benefits, excess, claims process, and T & C’s.

Let’s take a look at each of these factors below:

1. Coverage

Usually, insurance companies let you choose the level of cover for landlords’ insurance. You can find policies that cover your home, possessions, or both.

We suggest taking home and contents landlords’ insurance. After all, you’re trying to insure against accidents or deliberate damage to your rental home.

Getting only insurance for the home’s contents won’t be enough. Say someone misused the gas when cooking and an explosion occurred: if you didn’t insure your rental home too (and not just its contents), then the cost of actual home repairs is on you.

However, you can settle for just landlord contents insurance if you can’t afford landlord home and contents insurance. You can just try to upgrade to a full policy later, once you can afford it.

2. Features and Benefits

As we mentioned earlier, each policy comes with different features and benefits. Let’s list down those that are important:

Full Rebuild -If your rental home is burned down or damaged by events covered in your policy, it will be fully rebuilt up to the amount of or more than your sum insured.

Deliberate Damage Cover – If someone has damaged your property intentionally, you will be covered for the costs.

Loss of Rent – This is the amount given to you, typically with a maximum of $20,000 or 12 months of rent, if your house becomes uninhabitable due to damage or loss.

Meth Contamination Cover – This insures you against the cost of cleanup, damage, and possible rental loss brought on by the drug contaminating the air and furnishings.

Liability Cover – This covers you from having accidentally damaged another person’s property. Insurance firms usually provide cover for this between $1M and $20M.

3. Excess

Excess is the amount that you pay when you make a claim. Each benefit has its excess applied so that you can get the claim process going.

Insurance companies let you choose your excess from $300 to $2,500. The higher the excess you choose, the lower your premium will be.

As such, it can usually give you tremendous savings over the year to choose a higher excess.

4. Claims Process

For policyholders, the claims process is often very frustrating because they find it hard to file a claim or talk to a representative for advice.

Our featured insurers below make the claim process super-easy. Some of them have an online system where you can manage your policy and claim-filing online.

Furthermore, their claims team can support you round-the-clock. And with their solid financial strength ratings, you can be reasonably confident that they will be able to pay out your claim.

5. Terms and Conditions

Most importantly, you have to read and understand the policy wording to know what you are covered and not covered for.

This way, you have higher chances for successful claims and all the premiums you have paid every month will not have been a waste.

The Best Landlords’ Insurance in NZ

Having gone through the basics, you’re now ready for our list of the top landlords’ insurance options in New Zealand!

1)   Tower Landlord’s Plus Insurance

Tower Landlord's Plus Insurance's Homepage
Best forValue landlords policy
ProductsLandlord’s Plus cover
BenefitsFull replacement for fire Meth contamination Loss of rent Liability protection Whiteware and window coverings Deliberate damage
AddressTower Centre, 45 Queen Street, PO Box 90347 Auckland 1142, New Zealand
Contact Details+64 800 379 372 [email protected]
Office HoursMonday – Friday: 8.00 AM – 7.00 PM
Saturday: 9.00 AM – 6.00 PM
Weekends and public holidays: closed

Enquire Here

If you’re looking for landlords’ insurance with value, Tower Landlords Plus could just be what you need.

The Landlord’s Plus plan insures your rental property from accidental fire. It will be rebuilt even if the cost of replacement exceeds your sum insured.

You’re also insured against deliberate damage by tenants for up to $20k, meth contamination damage up to $30k, and damage caused to your neighbour’s home.

Aside from that, Tower also offers discounts if you apply online and don’t make a claim for a certain period. And they also reward you with Airpoints for premiums paid.


  • Value for money
  • Rewards you with Airpoints
  • Online discount
  • No-claims bonus


  • No cover for temporary accommodation and keys and locks

2)   AMP Landlords Insurance

AMP Landlords Insurance's Homepage
Best forFlexible landlord insurance
ProductsEveryday Plus Landlord Home cover
Everyday Plus Landlord Contents cover
BenefitsHome Insurance  
Meth contamination
Malicious damage
Gradual damage
Loss of rent
Removal of debris
Damage to gardens and plants
Temporary accommodation for shared homes
Mortgage discharge costs
Retaining walls
Lock replacement
Other repair/rebuilding costs  

Contents Insurance  
Legal Liability
Meth contamination
Malicious damage
Gradual damage
Removal of debris
Storage of undamaged contents
Contents on common property
Lock replacement
Contact DetailsPhone: 0508 806 244
Emergency assistance: 0800 800 786
Overseas: +64 9 916 4417
Email: [email protected]

Enquire Here

AMP’s landlord insurance stands out from the pack in that they let you choose the payment frequency, excess, and whether you want to protect your house, contents, or both.

You can opt to pay your premium yearly, monthly, or fortnightly. Moreover, you can choose a higher excess that will effectively lower your landlord insurance premium.

The comprehensive home policy features SumExtra too, which covers up to 10% of your sum insured if your property is severely damaged by a disaster.

Additionally, both landlord insurance policies cover legal liability, meth contamination, gradual damage, and broken locks. Also, malicious damage cover comes as an add-on for both policies.

At claims time, you will be guided through the process by their team to make it pain-free. And they are there to assist you and clear out any confusion 24/7.


  • Covers 10% of sum insured against natural disasters
  • Simple claims process
  • 24/7 emergency assistance
  • App for iOS and Android users


  • No policy discounts

3)   Initio Landlord Insurance

Initio Landlord Insurance's Homepage
Best forEfficient claim management
ProductsLandlord Insurance
BenefitsLoss of rent
Deliberate damage
Meth contamination
Landlord contents
Replacement cover
Legal liability
Excess-free blocked pipe
Hidden gradual damage
Excess-free keys & locks Loss of rent – tenant eviction or vacation
AddressBECA Building, 6 Garden Place, Hamilton City, Hamilton, New Zealand
Contact DetailsCustomer Service  
Phone: 0800 763 929
Overseas: +64 7 929 4126
[email protected]  

0800 763 929
IAG after hours: 0800 227 653
[email protected]
Office HoursMonday – Friday: 8.30 AM – 5.00 PM
Saturday – Sunday: closed

Enquire Here

With a very good financial strength rating, Initio is capable of offering one of the best landlords’ insurance in New Zealand. That means that they will have no issues paying out even larger sums at claims time.

At Initio, everything is done online too, from getting a quote to lodging a claim. You can also upload the documents needed directly from your laptop or smartphone.

As for the benefits, you’re insured for loss of rent up to 12 months or $20,000, tenant damage up to $25,000, and meth cleanup and damage for up to $30,000. Of course, you are covered for loss or damage to other people’s property too.

And you won’t have to pay excesses for key or lock replacement and blocked underground pipes—no need to worry about the small stuff.


  • Very strong financial strength (AA-, as rated by Standard & Poor’s)
  • Online claim management
  • Full customer support


  • Higher excess
  • No policy discounts

4)   AMI Landlords Insurance

AMI Landlords Insurance's Homepage
Best forAffordable premiums
ProductsAMI Landlord Insurance
BenefitsBuilt-in Benefits  
Rental house
Meth contamination
Accidental damage
Hidden gradual damage
Legal liability
Natural disaster  

Optional Extras  
Excess-free glass or sanitary fixtures
Theft or deliberate damage
Landlord’s contents
Address6 Show Place, 8024, Christchurch, New Zealand
Contact Details0800 100 200 +64 3 371 9000
Office HoursMonday – Friday: 8.00 AM – 6.00 PM
Weekends and public holidays: 9.00 AM – 6.00 PM

Enquire Here

Need an affordable landlords’ policy? Well, you’ve found it with AMI landlords’ insurance.

Though it’s not the best in terms of cover, the insurance has the essentials to protect your rental from damage from sudden accidents, theft, and natural disasters.

Regarding the last one, it’s worth noting that the Earthquake Commission can cover your property if it’s destroyed by a natural disaster. But AMI can step in for you if there are remaining costs to settle.

The AMI landlords’ cover will also answer for the cost in case you damage someone’s property for up to $1M and contents for up to $20,000.

For optional extras, you can add the landlords’ content cover. Also, you don’t need to pay any excess for window and bathroom fixture damages.


  • Affordable premiums
  • 15-day free-look period


  • Lower benefit cover compared to other policies
  • No policy discounts

5)   AA Landlords Insurance

AA Landlords Insurance's Homepage
Best for24/7 customer support
ProductsLandlord insurance
BenefitsBuilt-in Benefits  
Replacement cover
Loss of rent  

Optional Extras  
Extended Landlord cover
Landlord Contents cover
AddressNew Zealand-wide
Contact DetailsPhone: 0800 500 231
Claims: 0800 500 216
Overseas: +64 9 927 2306
Email them here
Office HoursMonday to Friday: 8.00 AM – 8.00 PM
Weekends and public holidays: 8.00 AM – 6.00 PM

Enquire Here

AA Insurance takes pride in its simple and pain-free claims process. They have a customer manager who will constantly update you every step of the way.

Their landlord policy covers the complete cost of rebuilding or replacing your rental property if it is damaged in case of an accident, burglary, fire, and storm.

Loss of rent is also covered if your property is uninhabitable in the meantime. You won’t lose out in income as you’ll be compensated for up to $20,000 or 12 months’ rent.

And unless you get the Extended Landlord or Landlords’ Content add-on, you won’t be covered for deliberate tenant damage, meth contamination, furnishings, and others.


  • Strong financial rating (A+, as rated by Standard & Poor’s)
  • Pain-free claims
  • 24/7 customer support
  • Multi-policy and member discounts


  • Higher-priced premiums

FAQS about the Top Landlords Insurance in NZ

And that’s all for our list of best landlords’ insurance in NZ. With them, your rental business will be protected from harm and damage.

Do you have any questions or suggestions for us? If you do, kindly drop us a line, and we’ll reply promptly.

If you only need cover for your house, you could also check out our picks for the best house insurance in NZ!