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Any really cheap building insurance recommendations

Discussion in 'Property Management' started by warek, 28th Apr, 2016.

  1. warek

    warek Member

    Joined:
    3rd Apr, 2016
    Posts:
    11
    Location:
    melbourne
    Hi there

    We are buying a run down 2 bedroom cottage, valued by council at 40000 and by the lender's valuer at 135000. Our plan is to rent it out for 3 years, demolish the shack and build on the site. It is currently tenanted at 220 a week.

    Currently building insurance quotes range from 400 to 660. I have quotes from Allianz, AAMI and Australian Seniors insurance.

    Any suggestions for a cheaper insurance provider?

    Thanks for any suggestions and have a good day
     
  2. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

    Joined:
    14th Jun, 2015
    Posts:
    2,104
    Location:
    Sydney & Adelaide
    Try EBM and Terri Scheer and QBE