Has anyone else found any insureres that are willing to underwrite policies on wrapped houses/property?
We know the insurance agency below does cover for wraps but I remember from somewhere that some people had some success with NRMA? Can anyone confirm this?
Money Matters Insurance Services
Ad: 4/303 Burwood Hwy Burwood East 3151
Ph: (03) 9803 9222
Fx: (03) 9803 9244As a side note here are the four lenders that lend on wraps:
-> Liberty (non conforming/niche lender)
-> Adelaide BankThese banks may have done wraps but certainly don’t do them know (thx. Qlds007):
-> Macquarie Bank
-> Homeside (owned by NAB)FF Comm
Hate say old mate i think you are wrong on your selection of lenders.
Macquarie mortgage insure ever loan and they certainly don’t and or do Homeside.
On the insurance side you might like to check out CGU / Aus Unity. NRMA do not.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Thanks Qlds007,
sorry I don’t really do wraps (so just went of old forum posts – list has been updated), just someone wanted to see if moneymatters were the only insurance provider. I think I will look more into CGU but from memory people were having certain problems with them (CGU and their view of what an ‘incident’ was, which means if someone kicks multiple holes in your wall, you might have to pay excess for every hole).
I’ll keep reasearching….
No worries.
If you end up wrapping in Qld feel free to email me as i have done one or two.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
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