Landlord insurance

Viewing 7 posts - 1 through 7 (of 7 total)

sailing chick
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@sailing-chick
Join Date: 2012
Post Count: 3
June 25, 2012 - 11:55 am
Can anyone recommend a good company for landlord insurance is it better to go with a specialised company who just deal with investment properties?
mattsta
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@mattsta
Join Date: 2011
Post Count: 604
June 25, 2012 - 1:18 pm
i prefer companies that are specialised.. better service i find
Jacqui Middleton
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@jacm
Join Date: 2009
Post Count: 2,539
June 25, 2012 - 10:33 pm
There is also an element of which ones you have to choose from for that particular property. Depending on the property type and location, some insurers might not touch it. You also need to work out what your biggest risks are. Eg if flooding is a major tisk, you wouldn’t opt for an insurer that won’t cover flooding
Jacqui Middleton | Middleton Buyers Advocates
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VIC Buyers' Agents for investors, home buyers & SMSFs.
Jacqui Middleton
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@jacm
Join Date: 2009
Post Count: 2,539
June 25, 2012 - 10:34 pm
If it’s just a regular house, my preferred insurer in aami
Jacqui Middleton | Middleton Buyers Advocates
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Kristin Simondson PBRE
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@kristin-simondson-pbre
Join Date: 2012
Post Count: 86
June 26, 2012 - 4:21 am
If you manage the property yourself you may have trouble with some insurers. Also look out for terms in the policy that do not cover you if the tenants are not on a fixed term lease.
Your property manager should have an insurance company that they have had good experience dealing with. Personally, I've always found Terri Scheer Landlords Insurance to be great. They have a pretty cost-effective policy that covers quite a lot and also cover for self managed properties.
https://terrischeer.com.au/
Don Nicolussi
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@don
Join Date: 2005
Post Count: 1,086
June 26, 2012 - 5:05 am
Would have to agree with Kristin on this one. Generally, it is better to go for a specialised policy. Probably the most significant risk to a landlord is loss of income from illegal occupation. This happens when a tenant for one reason or another decides that they are not moving out and also not paying rent.
You would want a specialised policy to cover this.
Don Nicolussi | Property Fan
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Jamie Moore
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@jamie-m
Join Date: 2010
Post Count: 5,069
June 26, 2012 - 5:15 am
I've got policies with Real and One Path – no complaints with either so far.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
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