hi iam iam seeking advise on which companys people are using ,,,,
i have a ip in newborough vic 1979 outside is built from polystyrine, colourbond roof, tenets renting it and a agent looking after it my
my questioin is i have had a health check from the bank in the last few weeks and they got a quote to me of $50 a month $594 a year for coverege of rent cover of like 12 weeks if house like burned down tenets didnt pay rent etc etc ..
. $200,000 rbuild
$5000 contents
$500 excess
$250 rent does this seem a bit expensive?
regards daniel
12 weeks is 40 weeks short of what is required if you are to rebuild a house.
Contact an insurance broker to do some leg work on your behalf or ring around to get some quotes to compare.
I have heard good things about Real Insurance.
Colin Rice | CDR Finance
http://cdrfinance.com.au/
Email Me | Phone MePerth Based Mortgage Broker - Investment Property Finance Specialist | E: [email protected]
Use Terry Scheer or EBM. They are Landlord insurance specialists.
Most of the general insurers don't have as much included. Read the PDF CAREFULLY.
BTW $594 is WAY too expensive. Mid $300 is normal. Edit. That's in NSW. Not sure how it is in Vic.
My buyer's agent organized a new policy for me a policy via EBM, Seems to be ok. $285 for a Victoria 2 Bedroom Unit.
Are EBM (Insurance Brokers) similar to how Mortgage Brokers kind of operate? In that they will search a number of deals for you then present the best one to you which suits your needs then you deal with the company then directly?
I ask because it seems like my policy is direct with EBM itself and deal with them directly unlike a mortgage loan after the initial setup you pretty much deal with the bank itself.
Does that sound right?
hello thanks guys means alot
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