Ok so looking at a IP in a strata complex. Detached house. Just seeking advise on which insurance to take out? Obviously landlord but what is covered by the body corporate and what is. I use Terri Sheer with my IP but when getting an online quote it wouldnt provide me with one as it asked if i was in a strata complex. Any just some advisw would be great. Cheers Ryan
You need LL insurance (rent / malicious damage by tenant) and some minor contents insurance (window dressings, floor coverings etc). The BC covers the building. If you get a strata report it will detail all the insurance coverage that the BC has and pays premiums for each year.
EBM Rentcover is good for this - its LL only and includes no building component (because the body corp should be insuring the building component)
Yeah, as other say, just LL insurance, but look into who is insuring the building and what the policy actually is and the amounts etc .