is this insurance bill a killer? 4300!

Paul@PAS · 23rd Feb, 2017

Premiums in the tropics have a hefty loading (or exclusions!) for cyclone damage. I had a client with a Broome property. His insurance was $6K a year. The LL insurance was $2k.

MTR · 23rd Feb, 2017

Player said: ↑

@myusernam ring around yourself as @HUGH72 mentioned above.

At the very least try the banks (insurance) and Suncorp, RACQ and NRMA.

Ask your broker who the other quotes were from and to list their names. Hopefully they didn't just
ring See Gee You and give you that figure.

Anecdotally, I am finding in QLD or around the Gold Coast at least, insurance is more expensive in the storm season and of course if there have been a history of claims due to events, you end up footing the bill when you go to sign up.

I changed our PPOR insurance provider last year and saved nearly 40 %. I got rid of my broker years ago after putting up with their comfort zone (non) activity for long enough. I had many policies through them and the savings made by spending an hour and a half on the phone ringing around was close to five grand.
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Suncorp is competitive

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is this insurance bill a killer? 4300!

Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

MTR Well-Known Member

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is this insurance bill a killer? 4300!

Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

MTR Well-Known Member

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