rental property insurance

[Tan]

I did get it on my PPOR as well, but they had the rentals too.

[Perry]

Ahlers-now-Crombies have everything of mine.
I.e. all insurance for everything I insure. The
'key man' insurance may be an exception, but
I'm unsure of that, right now.

[mrsaneperson]

they signed me up with a few different ones depending on what the risk was and what insurer best suited it.
I cant remember the details.

My best friend has been in insurance his whole life, confirmed to me just a few weeks ago that a broker is best way to go.

Certainly dont ever get it from the bank.

I'd be checking up on that, you dont want a rude awakening .I once had a financial investment which was said in the prospectus to be fully insured against any losses.Come the day of the collapse turns out the financial company owned its own insurance company.No one left standing, goodbye money.

[LondonKiwi]

I have all of mine with Crombie Lockwood too. They do all the hard yards keeping on top of what the insurance companies are offering. No issues with them in the last 12 years I have been using them!

[shanti]

Hi All,

can anyone recommend some good providers for insurance on investment properties. Any thoughts would be greatily apprciated.


many thanks

Phillip

I am pretty new to all of this but when I did my research I felt that for Home and Income Tower offered the best deal - so from my experience it does depend on the type of property being insurance.

[skid]

Keep in mind that in most cases now ,the difference between renewing your existing policy and starting a new one is a questionnaire that can involve heaps of time and money--Its a bit like getting a warrant of fitness for your building.
They want to know things like when was the house rewired-by who--when was the plumbing upgraded by who etc etc

[Tan]

They want to know things like when was the house rewired-by who--when was the plumbing upgraded by who etc etc

At least they are asking now, the rules were always pretty much the same but no one knew. Years ago when I was insured with State & had 1 rental I was chatting to the guy on the phone and he happened to ask how old the house was. It turned out it had to be rewired in 2 years time and I never would have known if we both weren't so talkative. Since then I have found out other stuff in the small print like getting chimneys cleaned, having the property vacant for long periods etc. There's also good things like free drain clearing up to $500 which I missed out on while I had a particularly drain blocking tenant.
And I like to think I always know everything . Well, almost everything.....