Hi All
I know there are some good threads on here about insurance but i just want to clarify I am on the right track.
We just bought our first IP & it settles in 2 weeks with tenants moving in straight away as the property needs no work before them moving in.
The property is a 2 bedroom split level unit/townhouse in a complex of 8. It has a car space & internal laundry. Strata title.
I am just wondering how we go about insurance on the property? All our other policies (our own home & contents, cars, boat etc) are with AAMI.
I am assuming the strata covers insurance for the building, & the tenants can take out their contents insurance, however what kind of insurance do we need to take out for our individual unit?
Any information would be great, & and any recommendations for insurers too.
Many thanks
I know there are some good threads on here about insurance but i just want to clarify I am on the right track.
We just bought our first IP & it settles in 2 weeks with tenants moving in straight away as the property needs no work before them moving in.
The property is a 2 bedroom split level unit/townhouse in a complex of 8. It has a car space & internal laundry. Strata title.
I am just wondering how we go about insurance on the property? All our other policies (our own home & contents, cars, boat etc) are with AAMI.
I am assuming the strata covers insurance for the building, & the tenants can take out their contents insurance, however what kind of insurance do we need to take out for our individual unit?
Any information would be great, & and any recommendations for insurers too.
Many thanks