Hi Noddy,
I just contacted AON re landlords insurance and building insurance and was quoted:
We sell the Landlords Property One policy as a package for contents, public
liability, rent default, malicious damage & theft including by tenants etc
for $230.00 then we add the building cover to this for an additional
premiums which is based on the building sum insured. (Unit owners do not
require building cover as the Body Corp insurers the building and common
areas)
The annual premium for building $220,000 is $461.00.
However, I range the NRMA (I am a member and have other insurance with them and get a discount as a result) and they quoted approximately $218/year for building insurance for replacement value of $160,000. NRMA don't handle landlords insurance.
(The AON quote was too high - they quoted on the price of the land and building, I wonder if this was on purpose since I had just asked them for a quote on a house purchased for $220k.)
I hope this helps. I would like to see other responses before I sign up, too.
AON can be reached at
Aon Risk Services Australia Limited
Ph: 07 3223 7473
Fax:07 3223 7524
[email protected]
aon.com.au