Landlord Insurance

[Jayro]

Just a quick question regarding landlord insurance. We are sorting it for our IP (yes I know I should have it and my wife was right and thats why im sorting it so she gets off my back AND its worth having ) and just wondering who others are insured with in NSW and any idea on costs. I just got an online quote from ING and it was a little more than I had thought it would be so Im just going to compare prices and features tomorrow before I deside who to go with. The replacement build of the home cost is $150k and $20k for contents (this is the prices I gave when obtaining the qoute) insured for loss of rent etc etc, quote was for $760 with a $100 excess. I was thinking I was looking at the $350 mark but maybe im wrong.

Thanks in advance.

Jayro

 

[Kam]

Hi
We're insured through Australian Unity (IMB) and through St George Underwriting (this one was a recommendation from an insurance broker), and both are in the $650-$700 range which includes tenant damage, loss of rent etc etc. So I guess ING's quote is not that far off the mark, but then we might be paying too much! Maybe others on this forum have some better deals...

 

[Jayro]

apples for apples NRMA just came in at $470 and $399 if I opt for the $300 excess.

Jayro

 

[Aaron Sice]

AON were the best for me - $43 a month.

 

[Shayla]

I'm insured through NRMA - just over $400 ($300 excess) after multiple-policy discount and no-claim bonus. This covers building insurance for $200k, rent default, vandalism or malicious damage, legal fees after rent default, $10m public liabilty, etc. I shopped around but they were far cheaper than others.

 

[Jayro]

Thanks for the replies. Yeh Shayla Iv also found NRMA the best after some other quotes as well now. If nothing better comes along I will go with them tomorrow.

Thanks again
Jayro