Hi All,
I have only just joined, so this is my first post. I have just been sent an insurance renewal from National Aust Bank (underwriter = Allianz).
My monthly deduction was 31.75, if I renew the policy it will be 39.54/mth – a $93.48/yr increase

AND they have removed the clause that covers me for ‘loss, liability, injury or damage caused by a deliberate, intentional, malicious or criminal act by you or your tenants, the invitees of you or your tenants…’

The protection against tenants or tenants’ visitors (or party crashers) trashing the unit was one of the advantages of Landlord’s Ins.

And burglary or housebreaking now ‘… requires “violent’ entry’. So if the tenants leave a window unlocked in my furnished unit, I’m on my own.

I have a new PM who sent me a brochure from AON – they still have the malicious damage clause & seem a lot cheaper – $240/yr to $474.78 with NAB…..

Can’t see why I wouldn’t swap, thou I haven’t read the fine print yet.

thanks, Lisa