ok guys whats the best deels on insurance? pay by the month or lump sum? excess or no excess? Any ideas on bundleing insurance to keep prices down, I have done this before but it makes a huge bill. Any thoughts, comments experiences?
Personally I have always paid lump sum to take advantage of discounts offered for up front payment.
But if you had many properties this could cause cash flow issues. Especially if they were due around the same time.
where can i get bulk insurance disc? I’m asking Rac right now and they say no!!!!
bulk insurance is like multiple policy discount. One trick I have used is to list all property with my family name (omit initials) this was when the company types in the name not only do my details come up but also my parents. I also use their address as a postal address. It is a matter of playing with details to make them work. Having several policys due at one time also gives leverage when negotiating. though on the downside requires careful budgeting!
Hi
My rules with insurance to reduce premiums are as follows;
1. Pay in lump sum
2. Get the highest excess. The higher excess means lower premium.I only have insurance for worst case scenarios. I dont go lodging small claims so I am more than happy to have a large excess.
Call and discuss your requirements with an insurance broker.
He will shop it around and advise you what is available.
Cheers,
Simon Macks
Mortgage Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Originally posted by Phil:where can i get bulk insurance disc? I’m asking Rac right now and they say no!!!!
I have been using Suncorp in the past and have received incentives for paying up front.
I just completed an online quote:
Annual $406.37
Monthly $38.94 ($467.28)
Small saving but it’s better in your pocket!
Cheers,
Darren
Hi Guys,
The way I see it is, you don’t get a “discount” for paying up front, you pay more for monthly instalments.
Years ago, everyone paid upfront, then they introduced monthly payments and charged you extra (in total), if you took this option.
Cheers,
Sue [
]“Be careful not to step on the flowers when you’re reaching for the stars”
I’ve found that ANZ doesn’t increase the premiums when you pay monthly.
What do you think about ANZ landlord’s insurance?
Cheers
Elysium-MIf you put all eggs (insurance) in one basket then you will get a discount.
Warm Regards
ChanDollars
[Keep going, you’re nearly reach the end of financial freedom]I am currently looking for insurance for a property at the moment. Anyone know a good insurance broker?
Ryan McLean
http://CashFlowCapital.com.au
Positive Cash Flow Properties Are Just a Click AwayRyan McLean | On Property
http://onproperty.com.au
Email MeTry to see which package can you handle or does suit your needs.
If it's lump sum, sure you'll get great deals. by monthly is something that will help you suit on what you only have.
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