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Contents Insurance for IP

Discussion in 'General Property Chat' started by dmb1978, 9th Nov, 2015.

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  1. dmb1978

    dmb1978 Well-Known Member

    Joined:
    5th Nov, 2015
    Posts:
    186
    Location:
    ACT
    Morning,

    I have just received my Landlord Insurance renewal for an IP which has come in at $1289 for the year. I thought this was a bit high so I have been checking a few online quotes and noticed that a lot of Landlord insurances are now saying you need contents insurance for carpets/fittings etc. I was always under the impression that contents wasn't required for I/P's.

    Should I get contents for a small amount to just cover floors and curtains as the house is rented unfurnished.

    Also does this price seem a bit high for a 4 bed ensuite home in Canberra?
     
  2. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,596
    Location:
    Adelaide, SA
    Most LL insurances will include contents insurance to the extent needed by investors - fittings, fixtures etc.

    That price might be ok if it's LL and building combined?

    Chuck the details into EBM website and it gives you a free quote you could compare against
     
  3. dmb1978

    dmb1978 Well-Known Member

    Joined:
    5th Nov, 2015
    Posts:
    186
    Location:
    ACT
    Thanks, will do.