Join Australia's most dynamic and respected property investment community

Did tenants ask LL conpensate for damages due to floods in Brisbane?

Discussion in 'Property Management' started by evisional2, 16th Aug, 2016.

  1. evisional2

    evisional2 Well-Known Member

    Joined:
    4th Aug, 2015
    Posts:
    47
    Location:
    Melbourne
    Hi

    Just wonder if anyone has an IP in Brisbane suffering from floods in 2011 and 2015. Did tenant ask you compensate for damages due to floods? or did you get insurance cover for tenants' damages?

    Thanks
     
  2. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,589
    Location:
    Adelaide, SA
    Tenants need their own contents insurance for their stuff
     
    Lil Skater and Scott No Mates like this.
  3. Whitecat

    Whitecat Well-Known Member

    Joined:
    3rd Jul, 2015
    Posts:
    1,100
    Location:
    Brisbane
    Do you need to buy a property in a flood area?. Only a very small minority did actually flood. Brisbane is very hilly. Can move 100m in one direction and have absolutely no chance of that property ever flooding due to the 100m being uphill. Check the BCC interactive flood maps.
    Having said that I have seen some awesome deals going on properties that are captured in the BCC flood zone. A little bit more insurance though.
     
    Ed Barton likes this.
  4. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

    Joined:
    19th Jun, 2015
    Posts:
    1,235
    Location:
    NSW
    As @D.T. alluded to, you cannot insure things that are not yours. Tenants can only insure their own possessions.
     
    D.T. likes this.
  5. Ed Barton

    Ed Barton Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,122
    Location:
    Brisbane
    I think you can. Perhaps it's called gambling?