public liability insurance

[johk]

We are about to settle on our first IP and met with the real-estate agent who is going to handle the rental.
She mentioned – according to QLD law we have to get Public liability insurance that have a min. cover of 10M dollars.
Is the public liability insurance generally part of the Landlord insurance or do you get it from separate insurers?

Thanks

Johk

 

[wylie]

It comes with your regular insurance. Just double check when you take out your policy.

 

[travelbug]

It comes with building insurance. It also comes with Landlord Insurance.

So if you don't have building insurance (as when you have a unit) you will need Landlord Insurance. The building insurance on a unit (that the BC takes out) only covers common areas.

 

[boomtown]

Don't leave home without it.

 

[paula88]

You can get public liability insurance separately as a few years back I was in a situation where the buildings insurance I had covered the liability but it was not a high enough amount of cover so I had to buy a separate policy. In most cases you will get buildings insurance with the appropriate liability insurance automatically and you won't need anything else. Check your policy carefully though.

 

[johk]

Thanks for your responses.

The property is part of a Duplex with a body corporate.
I had a quick look and for example with Suncorp you caninclude a Public Liabilty insurance that covers up to 20M dollars.
wylie;
What do you mean it comes with your regular insuance?

Thanks,
Jonas

 

[travelbug]

Thanks for your responses.

The property is part of a Duplex with a body corporate.
I had a quick look and for example with Suncorp you caninclude a Public Liabilty insurance that covers up to 20M dollars.
wylie;
What do you mean it comes with your regular insuance?

Thanks,
Jonas

Body Corp insurance only covers common areas. You need to have your own for your own property.

I assume Wilie means building insurance.