Any one can give me an insurance co that can give me a good deal for insuring a house in country NSW
I have policies with CGU in W.A 2 land lords policies $492 for both
I got a quote from CGU for the NSW IP and they gave me $489 for 1 house !!!!
Any idea's appreciated !
some one must have an idea … any thing ?okkamooieMember@okkamooieJoin Date: 2007Post Count: 39
There are many things that determine the price of insurance premiums.
The value of the property insured value of contents, risk of the suburb, rental income, size of public liability, claim history (these are the major ones as I see them).
Based on all these your premium is determined.
Given the information you have given above I would expect the property in NSW would have a higher cost or is in a higher risk area or a higher level of contents insurance. To quote an example I moved from Sydney to Bundaberg and my MV insurance cost reduced by $80 per year.
I have landlords insurance for some properties in different locations throught Queensland with CGQ and around $500 is what it costs me for each of them, so to get 2 for this in WA seems pretty cheep.
yes $246 per Ip in WA is cheap.
I just never expected the NSW ip would be so high considering I asked for the exact same cover as the WA ip's ..no contents insured apart from fixtures fittings etc…
I have a quote now with NRMA for $370 so I will most likely go with them unless I can find some one else…
Thanks Don I realised that location effected the premiums just did not expect it to be double .
live and learn
appreciate your info
thanksthornbird8191Member@thornbird8191Join Date: 2003Post Count: 9
Try a quote with Australian Unity or Allianz. If you have health insurance with Australian Unity, you get an extra discount too.