CANSTAR 2024 insurer of the year CANSTAR 2024 outstanding value CANSTAR2023 innovation excellence award

Award-winning insurance

We've got Canstar's seal of approval. Proud to be your Insurer of the Year for Home & Contents, 2024.

Compare our landlord insurance

Have a rental property that needs insurance or looking for an investment property? Our house insurance for landlords gives you peace of mind when renting out your property. 

Save up to 20% with our multi-policy discount

Save up to 20% with our multi-policy discount

Buy multiple car, house, contents, landlord or boat policies and save up to 20%. Ts&Cs apply.

house insurance

Looking to insure your own home?

If you’re looking for house insurance for your own home, we’ve got you covered. Click here to find out more.

sum insured for fire house insurance

Extended sum insured for fire

If your house is destroyed by fire, this benefit gives you up to 20% more cover than your sum insured. Excludes fires following natural disasters.

Whiteware and window coverings included with Tower's landlord insurance

Whiteware and window coverings cover

We'll cover up to $20,000 for your rental property’s whiteware and window coverings so you won't need a separate contents policy.

earthquake and flood risk rating house insurance

Your risk rating

We accurately calculate house insurance premiums based on flood and earthquake risk. Get a quote to check the risk rating for your home.

Award winning insurance

We're award-winning

We're over the moon to have won Canstar ’s 2023 Outstanding Value Home & Contents Insurance Award, as well as the General Insurer of the Year 2022 at the NZ Insurance Business Awards.

Tower's landlord house insurance policy includes

This is a summary only. For all of these benefits, please make sure you read the policy wording to understand the terms, conditions, limits and exclusions that may apply.

Landlord's Plus Cover

Extended sum insured for fire 
If your house is destroyed by fire, this benefit gives you up to 20% more cover than your sum insured. Excludes fires following natural hazards.
Extended sum insured for fire
If your house is destroyed by fire, this benefit gives you up to 20% more cover than your sum insured. Excludes fires following natural hazards.
Deliberate damage 

Up to $20,000

We’ll pay for deliberate damage caused by your tenants or their guests during the period of insurance to your house.
Deliberate damage
We’ll pay for deliberate damage caused by your tenants or their guests during the period of insurance to your house.
Up to $20,000
Loss of rent 
Up to eight months rent covered if your house is made uninhabitable by loss or damage covered under the policy while tenanted.
Loss of rent
Up to eight months rent covered if your house is made uninhabitable by loss or damage covered under the policy while tenanted.
Damage caused by a natural hazard 
If damage to your home exceeds the NHCover limit, we pay the difference up to your sum insured. 
Damage caused by a natural hazard
If damage to your home exceeds the NHCover limit, we pay the difference up to your sum insured. 
Liability protection 

Up to $20m

Liability protection
Up to $20m
Hidden gradual water damage 

Up to $2,000

We'll repair damage to your home which is caused over time by a leak or overflow from an internal water pipe, hose, or tank.
Hidden gradual water damage
We'll repair damage to your home which is caused over time by a leak or overflow from an internal water pipe, hose, or tank.
Up to $2,000
Landlord’s whiteware and window covering 
We'll cover up to $20,000 for your rental property's whiteware and window coverings. It means you won't need to take out a separate contents policy for any appliances or curtains you provide your tenants.
Landlord’s whiteware and window covering
We'll cover up to $20,000 for your rental property's whiteware and window coverings. It means you won't need to take out a separate contents policy for any appliances or curtains you provide your tenants.
Sustainability upgrade 

Up to $15,000

If your house is destroyed, we'll provide up to $15,000 for you to add or upgrade to sustainable products in your new house. Excludes losses caused by a natural hazard.
Sustainability upgrade
If your house is destroyed, we'll provide up to $15,000 for you to add or upgrade to sustainable products in your new house. Excludes losses caused by a natural hazard.
Up to $15,000
Garden retaining walls 

Up to $25,000

Cover for garden retaining walls automatically included.
Garden retaining walls
Cover for garden retaining walls automatically included.
Up to $25,000
Landscaping 

Up to $2,000

You’re covered for damage to your lawn, flowers, trees, hedges or shrubs, caused by fire damage to your home, or damage from a vehicle.
Landscaping
You’re covered for damage to your lawn, flowers, trees, hedges or shrubs, caused by fire damage to your home, or damage from a vehicle.
Up to $2,000
Pay only one excess 
Pay only one excess when claiming on multiple eligible policies for a single event. The highest excess applies.
Pay only one excess
Pay only one excess when claiming on multiple eligible policies for a single event. The highest excess applies.
Get a quote

Tower Translates

We know insurance lingo can be a bit confusing. While our policies are WriteMarkâ„¢ approved, we've put our heads together to explain some common terms.

If you're wondering what all that insurance lingo is all about, let’s unpack it.

Check out our translations
Car insurance translated

Landlord insurance FAQs

How much should I insure my rental property for?

It's important that the amount you insure your investment property for is enough to cover all costs to rebuild your house. This includes things like demolition costs, debris removal, professional fees, and council fees. 

Learn more about calculating the house sum insured amount

What is risk-based pricing?

When calculating the premium for a property, one thing we take into account is the specific natural disaster risk at your address. We call this risk-based pricing. For example, Wellington has a higher risk of earthquake damage than Auckland. 

We believe this is the fairest way to determine the cost of insurance. 

Why we’ve changed to risk-based pricing for house insurance

How is the risk rating calculated?

We use various sources of data to assess the level of risk each address faces. This includes information about the building itself like age, construction materials, and sum insured, as well as its geographical location. 

To help us better understand the earthquake and flood risk in New Zealand, we've partnered with Risk Management Solutions (RMS), one of the world's leading catastrophe modelling companies. 

RMS earthquake and flood models are built using advanced technologies, science, and date, including lessons from historical events, geologic data, ongoing global research, and damage statistics. 

Assessing properties with this level of detail means earthquake and flood damage risk can vary from one address to another, even for properties on the same street. These differences are reflected in our premiums. 

Learn more about your property risk profile

Is my investment property covered for earthquakes and other disasters?

Yes. If your rental property is damaged in an earthquake or natural disaster your Tower Landlord insurance covers you to repair or rebuild your house.

This includes cover for retaining walls, recreational, and other features. 

For more detailed information, check your policy wording or call us on 0800 379 372.

Is damage caused by pets covered?

We are pet lovers and know that from time to time they are not always as well behaved as you may like. Unfortunately, our policies don't cover damage to your house or furnishings that is caused by your pet.

Is general wear and tear to the house covered?

Damage to your home made through daily life, ageing, and normal wear and tear is not covered. However, we do cover you for hidden gradual water damage caused over time by a leak or overflow from an internal water pipe, hose, or tank. Limits apply. 

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