A Alien 1st Dec, 2009 #1 Hi All, Just bought first IP and with settlement taking place next month. I was wondering when to buy insurance and what kind?? Is it just Landlords and Building insurance I need? ps yes i did search but couldn't find a clear answer cheers
Hi All, Just bought first IP and with settlement taking place next month. I was wondering when to buy insurance and what kind?? Is it just Landlords and Building insurance I need? ps yes i did search but couldn't find a clear answer cheers
M marg4000 1st Dec, 2009 #2 Check with your solicitor as "rules" vary between states. In Queensland the buyer takes out insurance when the contract is signed. Marg
Check with your solicitor as "rules" vary between states. In Queensland the buyer takes out insurance when the contract is signed. Marg
The Y-man 1st Dec, 2009 #3 Alien said: ps yes i did search but couldn't find a clear answer cheers Click to expand... No clear answer because it also depends on the type of property... (strata etc). Cheers, The Y-man
Alien said: ps yes i did search but couldn't find a clear answer cheers Click to expand... No clear answer because it also depends on the type of property... (strata etc). Cheers, The Y-man
Player 1st Dec, 2009 #6 I insure building/improvements as soon as contract is unconditional. I add landlords cover upon settlement.
I insure building/improvements as soon as contract is unconditional. I add landlords cover upon settlement.
Rixter 2nd Dec, 2009 #8 I make my offers conditional upon the property being at risk to the vendor until such time as settlement is effective. I have my own insurances set ready to go effective upon settlement. Covers all bases.
I make my offers conditional upon the property being at risk to the vendor until such time as settlement is effective. I have my own insurances set ready to go effective upon settlement. Covers all bases.