All Topics / Help Needed! / Liability cover
Hi guys,
Just a simple question. We are currently reviewing some policies for landlord insurance. But wondering how much is enough to cover for legal liability as a landlord and owner of a property? Would $20,000,000 be too excessive?
Hi Ali
Just a few years ago the "standard" amount of public liability, in Landlord policies, seemed to be $10,000,000. We've noticed that our insurance company, NRMA, has now moved it up to $20mil and, when you have a look around at a few policies that seems to be the de facto standard.
We think the increase is probably warranted.
Cheers, Paul
Paul Dobson | Vendor Finance Institute
http://www.vendorfinanceinstitute.com.au
Email Me | Phone MeAn alternative way to finance your home.
HI there,
I work in insurance and my company has a landlords product , $20,000,000 is becoming the norm for this type of insurance.
Nat
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