Hi guys I don't have a huge portfolio (5 properties, looking into my 6th) but it's enough to make insurance a bit of a hassle now. I've currently got all of them under AAMI for regular insurance and Terri Scheer for landlords. So that's 10 policies which is a bit of a pain to manage.
It happened incrementally so it didn't bother me at first but now I'd like to consolidate them all. I've just been so busy until now so I just haven't had a chance to streamline things.
My questions are:
1) Do you usually get a discount for combining them with one provider? Or do they only offer discounts for big time investors (like 20-50-100 houses)?
2) Is it still recommended that you keep them separate anyway (i.e. Terri Scheer is a specialist in rentals, company B is a specialist in homes with a home business etc)
3) One of my properties is rented to my parents who run a home business, and I only just found out regular insurance won't cover this. Which company do you recommend for this sort of thing?
4) Am I still going to have to pay 5 separate bills at minimum anyway? My deal setup would be to just pay one bill.
And I guess last of all, are there any companies that are particular stand outs? Or are they all roughly the same? I guess another thing that's motivated me into action is seeing so many new entrants, especially cut price providers like Woolworths etc, it's made me curious to see what's out there.
It happened incrementally so it didn't bother me at first but now I'd like to consolidate them all. I've just been so busy until now so I just haven't had a chance to streamline things.
My questions are:
1) Do you usually get a discount for combining them with one provider? Or do they only offer discounts for big time investors (like 20-50-100 houses)?
2) Is it still recommended that you keep them separate anyway (i.e. Terri Scheer is a specialist in rentals, company B is a specialist in homes with a home business etc)
3) One of my properties is rented to my parents who run a home business, and I only just found out regular insurance won't cover this. Which company do you recommend for this sort of thing?
4) Am I still going to have to pay 5 separate bills at minimum anyway? My deal setup would be to just pay one bill.
And I guess last of all, are there any companies that are particular stand outs? Or are they all roughly the same? I guess another thing that's motivated me into action is seeing so many new entrants, especially cut price providers like Woolworths etc, it's made me curious to see what's out there.
