Howdy,
Just working out insurance for my recent purchases in rockhampton…
prop 1. 56k, 3br
prop 2. 66k, 3br
prop 3. 84k, 3br
prop 4. 105k, 4brNot sure how much to insure them for… because replacing them should anything happen will cost a lot more than I paid for them when you take into account removal of debris etc etc. What has the experience of others been like? I’ll be going through Westpac.
Cheers
RHi R
I recently upgraded my insurance cover (I’m with AAMI). It was in consultation with AAMI. They have a proforma guide re this.
Cheers
BBHi all,
Having worked in insurance this topic makes me feel a bit worried. Please, never take advice from a consultant over the phone as to what your sum insured will be. They can’t see the property and are working on VERY broad averages.
Best thing is to get a builder to quote you on building a property to the same size and similar materials.
With regard to removal of rubble, the company I worked for cover this and many other things (like loss of rent, temporary income, builders costs, legal fees etc.) on top of your sum insured. Check the fine print and don’t pay for anything you don’t need. If in doubt, get the conultant to quote to you EXACTLY what is covered within the sum insured and what is not. Clearly define what is building and what is contents (sometimes you would be surprised).
Hope this helps,
VictoriaReason can answer questions,but imagination has to ask them. — Ralph Gerard
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