Landlords Insurance

I was appalled to receive my landlords policy renewal for our house in Broken Hill. $1500 per annum! This equates to 20 percent of the annual rental income!

I have done some comparison quotes and they are all exhorbitant. Some up to $3000.

I just cannot afford nor justify this on a house that is timber and worth less than $200,000. There is nothing particularly unique about it. My broker says Broken Hill is now considered a high risk area.

I wondered if anyone on the forum has any suggestions / alternative insurers etc.
 
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