Also, do any places give you discounts if you have multiple IPs with the same insurance provider?
Terrri = 3 or more IPs $20 off each policy.
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Also, do any places give you discounts if you have multiple IPs with the same insurance provider?
I'm about to file a claim through EBM. Rang them and was told that there is not a standard excess for a claim. You pay an excess per incident. The walls need to be repaired/painted due to every wall in the house used as the childrens drawing board, they unscrewed the locks and took them with them, damaged the builtins and doors, damaged the carpet, etc. Been told that the above constitutes 4 incidents therefore 4 excess payments. Once I file the claim I'll see whether it is worth it.
For people who self anage their properties, who are you insued with and do you recommend them? Terri Shreer do not cover if you self manage.
Cheers
CGU are the same, I was reading through the fine print and here is what they say "Your excess and any additional excesses will apply for what we identify as each separate identifiable incident"
Time to change to another insurer me thinks......
EDIT: on the other hand Terri Sheer has the "per event clause" as well
http://www.terrischeer.com.au/faq.html#morethanone
I rang Westpac three days ago and still have not received a call back from them?We self manage units and use Westpac. Quite early on we had to make a claim and they were excellent. You can pay monthly with no penalty and they were competitive when we shopped around. We have stuck with them.
I have just taken out a policy with EBM for 5 units in one building,no strata,
I got a quote for $1100 first and I accepted .
They then rang me and said , seeing as it is five (5) flats I need to have 5 rentcover policy's in place?.
This brought the price up way to high.
After some discussion with them on the phone they then issued a policy called a Householders Rental,
This was for $923
Inclusions are 450K replacement building,
20M public liability,
contents 20K,
10K loss of rent
Not my ideal policy,however some quotes were over 3K,
Can anybody comment on this policy and its suitability,
Have you moved any further with a claim with EBM Lickster??? Im considering them and would be greatfull for any feedback you can provide..I'm with EBM, recommended by one of my PMs and I'm about to find out how good they are !
Do people realise that when they talk about insurance through a bank that in most cases it will just be a re badged policy from one of the big insurers - possibly with a few tweaks. It is the insurance company who underwrites the policy and handles the claim - or can be underwritten on a shared basis. ING/QBE is one example.
CBA is one exception, but Commsure is a mess from what I heard a couple of years back - massive backlog in home insurance claims.
Re blanket policy - this sound like a commercial policy which would operate like a motor fleet policy. You would need to speak to a broker for this as these policies would only be available via a broker, not retail.
Here is my recent experience on a claim with CGU
They did not pay for damages but I was able to use the bond money for cleaning and repairs.
CGU paid all unpaid rent up to 2 weeks after the tribunal order for repossession so if it takes longer than 2 weeks to get the tenant out and fix up the place you won't get any more money.
They also conveniently tried to pay me a lower amount.
They used the rent shown on the rental agreement for their calculations which was from 2 years but they said it was an error and they'll fix it up.
k.
This is a very important point and AAMI are not alone.Good points for CGU against AAMI who dont allow bond for cleaning. that cost me $1000!
Peter