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From: Tai Melb
Hi all,
I am now totally confused about insurance.
Now, I just settled my first IP and there are so many things to learn. I have few questions about insurance:
1. What items are insured by Body Corporate?
2. If I would like to buy Landlord Protection Insurance, how do I calculate the insured amount?
(eg: the cost of carpet, blinds/curtains, etc). Basically, I dont know what to insure
(microwave, dishwasher) and I dont want to overlap the Body Corporate Insurance.
3. I current got my IP insured by NAB and it costs about $430 pa for $10,000 worth of contents.
Is it too much? I think the contents worth more than that.
4. Does anyone use Landlords Property One provided by CGU insurance (Melb)? My property manager recommended this one so I dont really know about it. It costs about $250 pa for upto $50,000 worth of contents.
Sorry for asking so much questions. Now I think I have to spend more time to read their policies.
Your help is much appreciated.
Regards,
Tai
Hi all,
I am now totally confused about insurance.
Now, I just settled my first IP and there are so many things to learn. I have few questions about insurance:
1. What items are insured by Body Corporate?
2. If I would like to buy Landlord Protection Insurance, how do I calculate the insured amount?
(eg: the cost of carpet, blinds/curtains, etc). Basically, I dont know what to insure
(microwave, dishwasher) and I dont want to overlap the Body Corporate Insurance.
3. I current got my IP insured by NAB and it costs about $430 pa for $10,000 worth of contents.
Is it too much? I think the contents worth more than that.
4. Does anyone use Landlords Property One provided by CGU insurance (Melb)? My property manager recommended this one so I dont really know about it. It costs about $250 pa for upto $50,000 worth of contents.
Sorry for asking so much questions. Now I think I have to spend more time to read their policies.
Your help is much appreciated.
Regards,
Tai
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