Hi – I have 2 rental properties and my PPR. Just received my insurance renewal and despite my properties all being miles from a flood area, and in no way could any of them flood, the insurance company which is one of the big 4 has decided to almost double my premiums – because my properties, according to their research, flood.
So, where do I start looking for good insurance, i.e property, landlord public liab.
Appreciate any help. Have tried to explain to the phone banker the situation, but they "acknowledge my feelings". Sigh…
Al
Would you mind telling us which suburbs are your properties?
It might prepare some of us for an upcoming bad news…
PPR is Lake Macdonald (Cooroy) QLD
Rental 1 is Noosaville QLD
Rental 2 is Hervey Bay QLD
All high and dry
Hope this helps.
Al
Just get on the phone and start calling around – there's heaps of companies to choose from.
Get a few quotes, compare their policies and go from there. Check out Terry Scheer, onepath, real insurance….the list goes on.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Thanks for the reply Jamie.
Have started the ring around – proving quite enlightening.
I guess I was just hoping there was a company that a few (many) members may have dealings with and looking after investors. Could be a market…
Thanks again.
Al
Hi Parmalukes,
I use an insurance broker and she does all of the running around for me. Might be worth getting a broker onto the job – will save you time.
Hey Derek – I think you are right. I guess that is their job so they would have the best resources.
Al
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