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Agree. My wife left banking in the 90's becasue it was "you must sell products to pensioners, however etc.." regardless of need. I know form the experience of trying to get cover on a low km LPG ute how most are all one player who didn't want to know me. All wanted market cover based in...

All iI know is form my experience with car insurance and some home that Westpac, SBA, Virgin re all rebranded products form usually the one source and priced at he bottom end. So it is that insurer you are dealing with and they don't care like you think Westpac will. I would not even consider...

Thanks Matt. You know, in the end, any serious investor pays insurance and does not mind paying a higher price for a better cover. Saving $200 a year is nothing is your place is trashed to almost $30k as one of mine was. And also, all tenants can go bad. Even good ones get dumb boyfriends...

Thats encouraging but it does require some knowledge and trust. WHi si the best in your opinion as we are all sceptical here and only have contact when a claim is made. Thanks, Peter

Ouch, totally unfair and very concerning.:eek: I may ask this sort of question on the QT with TS and see how it is treated.:cool: But this sums up insurance overall. A lot of BS!! Obviously items may or may not be damaged at separate times but as landlord how are you meant to know that...

Please expand. Interested as we have all insurance with TS? Peter

You can pay via CC and then note it as business expense and reimburse the card from your LOC. Just keep a clear paper record and best to clear card each month. We have done this for years and never and issue with ATO. Get the TX billed to the owner of the property of course. Regards Peter 14.7

It is sooo hard. We moved form AAMI to Terri Scheer because after three claims with three tenants with AAMI each time was Hell. We have not claimed with TS but our agent says they and EBM is the best as they allow you to use the bond for cleaning. AAMi does not. Be careful with AAMI the...

My experience is insuracne is somewhere you dont want to scrimp and you get what you pay for. I just has to repair $30,000 worth of damage with one tenant. I was with a major and it was very very hard. At one point they were refusing everything. FYI Peter 14.7

AAMI dont cover cleaning and dont allow you to use the fbond for cleaning, they say you must use it for unpaid rent first. As most bad tenants leave at least 4 weeks cleaning is a cost to you. My solution is to offer a weeks free rent if the house is really bad. A good tenant will clean...

READ THIS important critical fact Giday All FYI I was looking at transferring my insurance away from AAMI to Terri Scheer or EDM on my agents advice however when I called my agent I found out a: VERY IMPORTANT FACT He advised me that if we transfer to anyone we must make sure the...

Good points for CGU against AAMI who dont allow bond for cleaning. that cost me $1000! Here AAMI had no issue and even paid rent for whilst we made repairs. AAMI good CGU bad, very bad IMO and what happens if your house is trashed and unrenatable for weeks!!! AAMI paid on my agents...

I don’t have time to read all the details but I can advise we did have claim with AAMI and thought we would be screwed. In fact, they paid out within super fast in three parts as we dribbled in the info. Mid Dec 09 they paid outstanding rent from agents email End Dec they paid rekeying...

AAMI does not let you use the bond for cleaning, other, etc.. We tried that and was told no. They simply dont pay the first 4 weeks of missing rent becasue you have the bond. They did pay on locksmith rekeying but we are yet to finalise claim. Peter

My concern is my contacts have been all over the place and advice the same. It all seems they make it very hard to claim and help you to find mistakes. Rubbish like if tenant break a blind in accident it is not covered but if they do maliciously are all outs for the Insureer. How can you...

I am with AAMI and for the first time in 10 year of active IP investing put in claim. I amd so far not happy and very concerned for a fair resolution. So far they will not cover: Cleaning: tentant never cleaned in 2 years and it cost $1k Carpet Cleaning: ditto Do not pay out first 4...