All Topics / Help Needed! / Geting the right insurances

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  • Profile photo of angrybadgerangrybadger
    Participant
    @angrybadger
    Join Date: 2013
    Post Count: 3
    July 9, 2013 - 7:02 am

    Hi All,

    Just a question when it comes to insurances with rental property.

    I only have 2 small rental properties in my portfolio and I'm reviewing my insurances for both.

    Currently for both I have just landlord insurance as well as the cover provided by body corporate (a basic 4 exterior wall cover).

    I rent both of them out unfurnished and don't have any personal contents inside besides a stove and dryer in each.

    Is there any other insurance I should consider in the state of Queensland?

    Cheers,

    -angrybadger

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    July 9, 2013 - 7:32 am

    Contents insurance can be handy. I had to make a claim recently on an IP where the tenant didn't hook up the washing machine correctly and caused a fair bit of damage to some carpet. The insurance company paid out – the tenant reimbursed for the excess. 

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of wilko1wilko1
    Participant
    @wilko1
    Join Date: 2010
    Post Count: 510
    July 9, 2013 - 8:28 am

    Blinds, Curtains, window treatments, light fittings, carpets. All these covered by contents insurance. Helpful to have at least $5,000.

    imagine you get a Tennant that trashes your house. Those things will be damaged. for a extra $50-100 per year. Worth the money i say in case something happens.

Viewing 3 posts - 1 through 3 (of 3 total)

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