Hullo.
My property is tenanted and the shower has sprung a leak (please see the whole other post for details)
Well. I have landlord insurance with AAMI, insuring my contents for 100k, thinking it would cover the fitout (toilet bowl, vanity, kitchen cupboards, blinds, floating floors....) in the event of a disaster.
Well. Such items are not considered 'contents' (with the possible exception of the floorboards) and not covered apparently. AAMI told me to ask the strata if their insurance would cover it.
In the event I need to put my tenants up at a hotel or reduce their rent for the period of the repairs, I am also not covered.
I feel I paid about $800-$900 for this insurance for nothing more than what I would have got from Terri Scheer for about $400. TS would only cover me to $60k, but that will cover everything that's 'contents' anyway. TS doesn't cover toilet bowl, kitchen cupboards etc either.
If TS won't pay either, at least I would have paid less for the insurance.
Does anyone have any recommendations? If not, when the saga of my bathroom is over, I will just change to TS.
I will also shop around for mortgagee protection insurance.
Thanks.
My property is tenanted and the shower has sprung a leak (please see the whole other post for details)
Well. I have landlord insurance with AAMI, insuring my contents for 100k, thinking it would cover the fitout (toilet bowl, vanity, kitchen cupboards, blinds, floating floors....) in the event of a disaster.
Well. Such items are not considered 'contents' (with the possible exception of the floorboards) and not covered apparently. AAMI told me to ask the strata if their insurance would cover it.
In the event I need to put my tenants up at a hotel or reduce their rent for the period of the repairs, I am also not covered.
I feel I paid about $800-$900 for this insurance for nothing more than what I would have got from Terri Scheer for about $400. TS would only cover me to $60k, but that will cover everything that's 'contents' anyway. TS doesn't cover toilet bowl, kitchen cupboards etc either.
If TS won't pay either, at least I would have paid less for the insurance.
Does anyone have any recommendations? If not, when the saga of my bathroom is over, I will just change to TS.
I will also shop around for mortgagee protection insurance.
Thanks.