Hi all
Long time reader, first time poster; many thanks to everyone for the fantastic advice/comments on this forum.
I am continuing this topic as I am looking for landlord insurance for an apartment and house that I am about to settle (2 new policies in total).
After reading many positive recommendations about Terri Sheer, I called for a quote, which was quite competitive, however, alarm bells started ringing when they said that loss of rent was only covered for 6 weeks.
In 2010, a tenant in one of my apartments had a dryer fire (make sure the lint filters are always clean!) and after being a squeaky wheel for 8 months, the apartment was ready for re-letting (I knew when it happened that it would be a long process....
). The one good thing is that loss of rent was paid for the whole 8 months without a hitch. My concern with the Terri Sheer policy is that under the TS policy, only my first 6 weeks of rent would have been paid, then 6 months of eating bread and water.....
My other question is when looking for landlord insurance for apartments, I have read suggestions choose the company who insures the building (QBE in this case) so if a claim is put in, the company has to decide whether the claim is being paid under the building or landlord insurance arm rather than 2 insurance companies hand-balling the claim to each other with no eventual resolution.
Appreciate any comments/thoughts here.
Cheers,