I would appreciate some advice on insurance for an IP I am looking to purchase. The property is a reasonably new 4 bedroom house. I plan to insure the property for damage by tennants & the usual home type cover, have had suggested to me that I should also consider public liability insurance for the tennants – not sure about this. Also can anyone suggest a broker in Sydney who specialises in insuring IP’s
thanks in advance
Swannie,
Talk to a broker and you’ll find most of the companies have a insurance policy for invest properties which will cover public liability cliams against you. I also like to cover for rent for 6 mths to a year so that if something happens to the property I’ve got income coming in.
Don’t know any brokers in Sydney
crj
Try the insurance below:
http://www.rentcover.com.au/about.html
Warm Regards
ChanDollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]what about landlord’s insurance? is that relevant? how may that be of any advantage?
sang-froid
thanks for your input
Swannie
Originally posted by spi:what about landlord’s insurance? is that relevant? how may that be of any advantage?
sang-froid
landlord insurance is the most important insurance if you are a property investor.
I heard that there are no such thing in nz as landlord insurance. Coz I am planning to buy there and now I am bit worry.
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]thank you
SwannieOriginally posted by Chan$:Try the insurance below:
http://www.rentcover.com.au/about.html
Warm Regards
ChanDollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
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