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  • Profile photo of mkendramkendra
    Member
    @mkendra
    Join Date: 2012
    Post Count: 2
    April 4, 2012 - 2:43 am

    Thanks Lefty, I've taken up Alianz.  About $900 landlord insurance for $300.000 (New house $473K) inc motor burn out and rent loss. 

    I purchased in MyFair Ridge which is dry on the flood maps published by the government for the region.

    Mario

    Profile photo of mkendramkendra
    Member
    @mkendra
    Join Date: 2012
    Post Count: 2
    April 2, 2012 - 2:41 am
    Lefty wrote:
    Hi Amanda I use regional insurance brokers who use vero policy (sister company of suncorp). You wil find you will get the same cover with vero as you will with suncorp, but half the price. You will expect to pay higher insurance if you are in flood area( higher risk equals higher fee) Make sure you read through the policy terms to make sure it suits your risk level. Also another way of keeping your premium cost down pay a higher excess fee if you make a claim. I am currently paying $950 pa for cover on a $469 k house & $720 pw rent default and this is out of flood zone. Hop this helps Lefty

    Hi Lefty, I called Vero and they are asking me who has recommended me or at least which banking institution / credit union you are dealing with. I'm having difficulties with insurance as the settlement is scheduled on the 10th of April and Emerald code was just put in embargo zone.  Not sure what's going to happen if I cant provide insurance for the lender…..

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