NAB Residential Investor Insurance Benefits
What can you be covered for?
The table below shows all the main features of NAB Residential Investor Insurance1.
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Insured events |
Buildings |
Contents |
| Accidental breakage of glass |
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| Earthquake |
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| Explosion |
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| Fire or smoke |
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| Flood cover2 |
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| Impact damage |
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| Lightning or thunderbolt |
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| Malicious acts |
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| Riot or civil commotion |
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| Storm, rainwater or run-off |
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| Theft, burglary or housebreaking |
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| Tsunami |
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| Water or other liquid damage |
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| Other benefits |
Buildings |
Contents |
| Automatic indexation of sums insured |
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| Contents in open air at the risk address |
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| Continuation of cover when you are selling your buildings |
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| Fusion |
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| Landlord contents |
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| Legal liability - cover for injury to other people or their property |
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| Mortgage discharge costs |
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| Reinstatement of sum insured after a loss |
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| Removal of debris, professional rebuilding fees and extra costs of complying with building regulations |
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| Rental costs after an insured event |
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| Replacement of locks or cylinders |
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| Rainwater tanks and solar water heater |
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| Optional additional covers | ||
| Rent default and theft by tenant | ||
| Strata title mortgage protection3 | ||
| Landlord Workers’ Compensation4 | ||
1 These features are subject to terms, conditions and exclusions. Please refer to the relevant PDS for details of the cover provided for each feature.
2 Flood Cover is now available for all eligible property addresses. Flood Cover is an option on both Building and Contents in home and landlords packages. The cover is designed to protect customers against damage to their building and contents in the event of a Flood. Customers will have protection for their insured assets up to the value of their sum insured. Flood Cover will be available for eligible property addresses from 13 November 2011. Please talk to your NAB Banker to find out whether you are eligible for Flood Cover.
3 This cover only applies if the building is part of a strata title development.
4 Landlord Workers’ Compensation is only available in ACT, TAS and WA.
Important information
Information about insurance coverage is a summary only. Please refer to the Policy Document (Product Disclosure Statement) for full terms and conditions of cover.
This insurance is issued by Allianz Australia Insurance Limited (Allianz) and is arranged by National Australia Financial Management Limited, as agent for Allianz. Neither NAB, or any other member of the National group of companies, guarantees or accepts liability in respect of this insurance.
Please click here for more important disclaimers and legal information.
