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EBM Insurance

Discussion in 'Property Management' started by FirstIP, 7th Dec, 2015.

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  1. FirstIP

    FirstIP Active Member

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    Sydney
    Hi All,

    Any feedback about EBM insurance (RentCoverUltra)? Ie, what they cover when it's time to make a claim, dealings with them etc?
     
  2. Xenia

    Xenia Adelaide Property Manager Business Member

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    There is a person here from ebm who can probably answer the questions more fully than any of us can.
     
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  3. FirstIP

    FirstIP Active Member

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    Thanks! I have PMd him but am also after people's experiences :)
     
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  4. JohnPropChat

    JohnPropChat Well-Known Member

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    I use EBM but never claimed. Note that they don't have flood cover, could be an issue depending on where you buy.
     
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  5. D.T.

    D.T. Adelaide Property Manager Business Member

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    I use them for all my props and have done a couple of claims recently - one a building claim from when a property was broken into and another a landlord claim for when a tenant broke lease.

    They approve claims very quickly in my experience (provided you submit fully and accurately).
     
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  6. Michael_X

    Michael_X Mortgage Broker Business Member

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    Gold Coast/Sydney
    Claimed twice with EBM. They were an absolute pleasure to deal with on both occasions.

    Half a year ago, the roof of a property was damaged in the Newcastle storm. They normally want to see two quotes but because we couldn't get tradies out for quotes for 2-3 weeks, they accepted the original quote and two weeks later the cheque arrived. Very happy with this.

    Cheers,
    Michael
     
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  7. Propagate

    Propagate Well-Known Member

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    You can take out just the rent cover part though. In Brisbane, we are using AAMI for landlord buildings cover (with flood cover), topped up with EBM Rent Cover.
     
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  8. The Y-man

    The Y-man Moderator Staff Member

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    Claimed on rentcover on multiple occasions.

    Easier than claiming on car insurance.

    The Y-man
     
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  9. JohnPropChat

    JohnPropChat Well-Known Member

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    Yes, you can but it is usually advised that Building and LL insurances be with the same provider to avoid any chance for finger-pointing when it's claim time.
     
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  10. Propagate

    Propagate Well-Known Member

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    I'd rather take my chances with that than have a house in Brisbane with no flood cover though.
     
  11. Angel

    Angel Well-Known Member

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    Another happy customer following a small claim for storm damage this time last year.
     
  12. flyhere

    flyhere Member

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    I use EBM for my properties too, value for money!
     
  13. property world

    property world Well-Known Member

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    WA
    Im looking at the Rentcover Platinum but this is only for cover of rent/tenant related. Would like building insurance aswell but cant aee the product

    Pw
     
  14. brettc

    brettc Well-Known Member Business Plus Member

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    RentCoverPlatinum includes both the tenant-related features of RentCoverUltra as well as defined risks for the building. This is specifically what it is designed for. If you have any other questions feel free to let me know.
     
  15. property world

    property world Well-Known Member

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    Okay so say if the building is broken into vandalised and burnt down (at no fault of the tenant) would this be covered under the platinum product?
     
  16. brettc

    brettc Well-Known Member Business Plus Member

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    Absolutely. If you look at RentCoverPlatinum on our website under "What is covered by RentCoverPlatinum?" you will see reference to "Damage & Theft (building)" and then "Defined Risks (fire and storm etc.)". This section covers rsisks that are covered under normal household policies that you have no control over, such as weather events, intruders, fires etc.