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Thanks Jas. It's a valid point if brokers could and would access all the various policies. Will an insurance broker tell you about and supply details of policies they will not be paid a commission. Plus they probably charge a fee as well. Many of the policies are packaged by...

I am developing an MS Access program to help property investors compare various landlord insurance policies. It will allow you to compare the policy wordings of landlords policy. You will be able to look at for instance, rent default and see what each insurer offers cover for, how many weeks...

Pete, I imagine the policy you have is Secure Landlord. The reason the loss of rent section is only 10% of premium is because it doesn't cover anything more than a standard building cover with loss of rent or temporary accommodation. Building insurance is pretty standard for the normal...

Hi RetiredBy50, Sorry, missed a paragraph.... I'd probably be looking at landlords type policies where you can include the building with the contents and rent default cover. The building premium part is usually a fraction of the total premium. You can probably get all this cover for...

Hi RetiredBy50, Comparing apples with apples? Are all the policies listed or insured events. The premium difference seems too extreme. However, each insurer has the own way of calculating the risk for IP's in your area. One may have a lot of exposure and has had too many claims while...

Originally posted by Alex_1 I assume that these landlord's public liability policies will pay the claim even if the landlord is clearly 100% negligent... right? That's the whole basis of liability. To be covered if you are negligent in some way and therefore proved to have contributed...

Your insurer is certainly dragging their feet. They should be determining if you as the landlord are negligent in anyway. That's the unfortunate issue these days. Very few claims are proven negligent. It seems to be that if injury or damage occurs regardless of whether the injured person was...

Hi Lotana, None of the landlord policies will cover holiday apartments. All you can do is get the normal building and contents policies. It will not help with malicious damage or theft. I guess the biggest question is, are you managing the "guests" yourself or leaving it to an estate...

Hi Leo, Further to Nimee. Landlords cover is exactly what you need and should cover you for contents such as carpet, curtains and so forth. Most give very limited building cover, if any. You may want to look at this area for covering yourself for damage and theft from your tenants...

$5mil is a pathetic amount these days. Why they haven't got $10mil as the minimum is beyond me. You won't find anything below $10mil on CGU's normal household policies.

Tim, There is nothing illegal about having two insurance policies on the same property. Each insurer expects that you notify them of any other policy that covers the same property. If a claim has to be made, then two insurers share the costs between them. Back to the bank - Did they...

Willg, What policy do you have and I will have a look at it, if you want. You will end up paying the cleaning costs from the bond money, if there is no malicious damage for which you could claim. Even if the Tribunal has awarded fully in your favour, the insurer will still only pay...

Hi Willg, It may depend on the state the property is in as to how the bond can be used to offset rent or damage. Most insurers require that the bond is used to clean and/or repair any damage. Any left over bond then becomes part of your excess and reduces the amount they pay for the lost...

Hi Jacque, Have you notified your insurer as they may pay some of your legal costs/expenses? In general, if the property only needs cleaning and there is no malicious damage, you will end up paying that cost yourself fomr the bond as it will be excluded "due to neglect or normal wear and...

There is lots of confusion with Landlords Insurance. 1. If you own a strata unit as part of a body corporate, you should be talking with the Secretary of the body corporate about the building insurance and the liability that comes with it. It would be unusual to have each unit separately...

Jacque, Flood cover is not favoured by insurers. Most will not even consider it. As you found, those that will include it charge like a wounded bull. There is really no set checklist. It is really a matter of deciding what you need to have insured and then finding policies that give you...

July, If the front part is to be used as a shop, then the property will have to be insured under a business policy and you will end up with having to take out cover for fire and public liability as the main ones. Then you have to work out who will be responsible the front windows. I...

Geoff, Insurers will not give a valuation on rebuilding properties. They shy away for the legal implications. A register valuer is best and they have indemnity insurance to protect you. The other alternative is to get a guide from Cordell Building & Info Services or Rawlinsons. Both...

July, cgu have reasonable ppor policies. What you need to decide is if you want a defined events policy or an accidental damage one. While having the whole house destroyed by fire is issue at the moment, most homes only ever suffer minor damage. Every policy will give you fair cover...

Are talking about Royal & Sun Alliance, Australian Alliance or Allianz. All three have average reputations. Make sure you get a copy of the policy before you buy from any of them. And don't jsu buy the cheapest you can find.