All Topics / General Property / Don’t forget to tell the insurance company.

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  • Profile photo of Brenda IrwinBrenda Irwin
    Participant
    @brenda-irwin
    Join Date: 2003
    Post Count: 119
    December 31, 2004 - 4:37 am

    Just a little tip which most of you may have thought of but some of you may not.

    When you sell an IP call the insurance company and inform them. You may be entitled to a rebate of insurance.[biggrin]

    If you want to get out of a hole, first stop digging.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    December 31, 2004 - 8:19 am

    Good point Brenda.

    I remember selling one and fogetting to do this for 6 months-until I got the notice of renewal. The insurer kindly back dated by refund on proof of the sale and I got about $200 that I wasn’t expecting.

    Terryw
    Discover Home Loans
    Mortgage Broker
    North Sydney
    Click below to email me

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
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    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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