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View Full Version : Anyone taken out landlord insurance recently















Arron
27th September 2019, 08:28 PM
Hi. It’s time to renew the insurance on our investment property.

It’s just a basic 3 bedroom house in NSW.

The insurance just gets dearer and dearer.

Has anyone looked into Landlord Insurance recently, and what did you settle on.

Cheers
Arron

Fuzzie
27th September 2019, 09:39 PM
I tried a few online quotes in the last few days and AAMI was the cheapest for me. Interestingly we are looking to do a knock down rebuild next year on the house and several similar sized project home rebuilds from a variety of builders were all less $ than the minimum replacement cost the quote programs would accept. :shrug:

Chief Tiff
27th September 2019, 09:48 PM
I use EBM, but my situation is very different. I own a Brisbane inner city apartment and the Body Corporate covers the building insurance. All I cover is accidental damage caused by the tenant, loss of rent due to damage and loss of rent if the tenant defaults.

DomAU
27th September 2019, 10:34 PM
I recently renewed my car, home, and contents policies. All three went up by 30-35% despite no claims or changes. I can only assume that whoever the primary underwriters for insurance are have decided to collectively squeeze more juice out of the lemon - I certainly cried sour tears.

Cheers, Dom

Arron
29th September 2019, 09:21 PM
several similar sized project home rebuilds from a variety of builders were all less $ than the minimum replacement cost the quote programs would accept. :shrug:

Because they know how much those project homes really cost, I expect.

joez
30th September 2019, 12:34 PM
Last time I shopped around, the best deal I got was surprisingly from my bank - NAB.

shanesmith80
3rd October 2019, 11:57 AM
One thing I discovered is it’s often best to do a new enquiry. They give better discounts to new customers than existing. I then ring and provide them the new quote price and they often give a further discount, not always but enough to make it worthwhile.