landlords insurance
- Thread starter harry
- Start date
Terri Scheer Insurance Brokers... they will give you a discount on multiple policies too. http://www.terrischeer.com.au/?cookie
I recently renewed my landlord insurance policies from NRMA to Honan (http://www.honan.com.au/).
They are budget insurance providers. So they have a bare minimum with no bells and whistles. Hence, they were the most competitive. It works for me.
Cheers,
Oracle.
They are budget insurance providers. So they have a bare minimum with no bells and whistles. Hence, they were the most competitive. It works for me.
Cheers,
Oracle.
Another vote for Terri Scheer. Although we (touch wood) haven't had to claim yet - that'll be the real test!
Agreed. Try Terri Scheer or EBM. EBM has no excess for loss of rent which is a big plus.
Check what their coverage is for each event and what excess is.
I found GIO very good - though I see you've had an issue.
Switched this year, so we shall see (SGIO) as I couldn't get GIO to come to the party on price.
Switched this year, so we shall see (SGIO) as I couldn't get GIO to come to the party on price.
AAMI treated me very well on a claim a couple of years ago...One phone call and all was done (This was a sewerage backup into the house...covered the insides everywhere as well as the tenants!!!)
For multiple tenants in one bldg recently went with Fire and General. No idea if we need to make a claim though, how they will be.
JB
For multiple tenants in one bldg recently went with Fire and General. No idea if we need to make a claim though, how they will be.
JB
Y-Man, do you mind saying which package you have? PM if you're not comfortable posting.
Hi Xenia,
How have you found them with processing claims? All easy?
I've only had one claim via Allianz (NAB). It all went well, but I haven't done a full analysis if I'm getting my best bang for buck.
I'm about to review all 4 of my policies.
David.
So you don't have building or contents cover? I'm sure I'm mis-understanding here, but that seems strange to me. I know you don't want to cover the tenants contents, but I thought carpet etc came under the title of 'contents' too?
We have separate building cover (most of our IP's are apartments, but had a sep building ins for the house)
Carpet (and curtains/blinds) is covered by ultra - although a "max limit" clause applies (see page 7 of PDS).
Cheers,
The Y-man
Surely you'd get a better deal if you get building + tenant insurance?
I thought they'd only offer 2 types -
1. Tenant + contents insurnace (strata)
2. Tenant + contents + building insurance
But it seems you have to get two lots of insurance if you want the 2nd type.
Still getting a premium from Terry S.
For EBM, type 1 is $255 and type 2 is $565.68 on my $200k brick building. Currently I only pay $462 with Allianz but no doubt the cover isn't quite as comprehensive.
I thought they'd only offer 2 types -
1. Tenant + contents insurnace (strata)
2. Tenant + contents + building insurance
But it seems you have to get two lots of insurance if you want the 2nd type.
Still getting a premium from Terry S.
For EBM, type 1 is $255 and type 2 is $565.68 on my $200k brick building. Currently I only pay $462 with Allianz but no doubt the cover isn't quite as comprehensive.
Can I ask who you have your building cover with?
The house used to be with RACV (since sold the property).
Cheers,
The Y-man
Thanks everyone for feedback. I did further research and will go with EBA or Terri Scheer with property purchases this year. I did use GIO again for property purchase at end of last year - lower premiuim but as I said I have found them not good for small claims. I'll review that premium this year also.
Harry
Harry
