Does anyone have any feedback about CHU’s landlord insurance?
– http://www.chu.com.au/products/landlordsI was quote $340pa for
• This covers Malicious, Accidental & Deliberate damage by a tenant up to $50,000
• The Landlords contents up to $50,000 Eg. curtains, carpets, blinds etc
• Rental default is covered for up to 18 weeks. Eg. If the tenant stops paying rent or vacates without notice.
• Loss of Rent is covered up to 52 weeks. Eg. If the property becomes uninhabitable. (limit $1,000 per week)
• Public liability $20,000,000
• Excess $200 each claimSeems pretty reasonable (especially compared to NRMA who we have currently) any thoughts?
Cheers,
DeanThe quote depends on a number of factors, property type, replacement value, location, age, etc so it’s hard to tell is $340 is good but generally speaking, it does seem very low.
Check out EBM or Terry Scheer as well – quite a lot of our clients use them as they are landlord insurance specific.
RosieHP | Highlands Property Wollondilly
http://www.highlandsproperty.com.au
Email Me | Phone MeProperty Management Specialist - Wollondilly (part of the south-west growth corridor of Sydney)
I use AON & Terri Sheer for all our portfolio’s landlord insurance spread around Australia.
Over the past 15 years I’ve only had 2 claims. Both claims were with AON.
There was no issues with claims and both went through smoothly.
I can’t comment how the Terri Sheer are to work with as Ive had no claims with them.
Both companies are competitively priced. From a premium perspective Terri Sheer offers a premium discount for 3 or more properties.
I hope this helps.
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This reply was modified 9 years, 7 months ago by
Rick.
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