Landlord Insurance and other insurance - recommendations

Discussion in 'The Buying & Selling Process' started by Taku Ekanayake, 26th Aug, 2015.

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  1. BarneyRubble

    BarneyRubble Well-Known Member

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    Far out those BCC flood maps are scary. I live in Brisbane and if someone had asked does Bracken Ridge flood, I would have said no way!

    Makes me re-think my insurance as I am currently with EBM.
     
    BarneyRubble, 31st Aug, 2015
    #21
    Taku Ekanayake likes this.
  2. larrylarry

    larrylarry Well-Known Member

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    I just called EBM for a building and landlord combined insurance quote, very competitive but doesn't cover flood from creek but covers internal flooding due to pipes. My IP is in Newcastle. Westpac is really expensive.
     
    larrylarry, 11th Sep, 2015
    #22
  3. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    If possible, make sure the building and the landlords insurance are with the same provider. In the event of a claim, the last thing you want is both companies telling you its the others responsibility.
     
    Peter_Tersteeg, 11th Sep, 2015
    #23
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  4. larrylarry

    larrylarry Well-Known Member

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    agreed!
     
    larrylarry, 11th Sep, 2015
    #24
  5. Samten

    Samten Well-Known Member

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    Good point!
     
    Samten, 11th Sep, 2015
    #25
  6. larrylarry

    larrylarry Well-Known Member

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    Today, I went with EBM and @brettc has been a great help. Thanks so much mate. It's people with the can do attitude that makes this forum a happy place.
     
    larrylarry, 16th Sep, 2015
    #26
    brettc likes this.
  7. Seal

    Seal Well-Known Member

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    @Taku Ekanayake after sussing out different ones, who'd you end up going with?
     
    Seal, 25th Sep, 2015
    #27
  8. 212

    212 Guest

    As Hugh Said, check the premium increase, I got my landlord and building insurance with Allianz last year, this year, the new policy came to me with around 25% increase than last year.
     
    212, 30th Sep, 2015
    #28
  9. Mumbai

    Mumbai Well-Known Member

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    Another EBMite here. 3 ips with them. Had to claim for one of them. Very smooth process. Highly recommended.
     
    Mumbai, 1st Oct, 2015
    #29
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  10. D.T.

    D.T. Specialist Property Manager Business Member

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    Any claim under $25K goes the express route, especially if it's from a PM.
     
    D.T., 1st Oct, 2015
    #30
  11. Mumbai

    Mumbai Well-Known Member

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    It was under 25k and from my PM !
     
    Mumbai, 1st Oct, 2015
    #31
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  12. Phineas

    Phineas Well-Known Member

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    Hi Taku, how did you go with this - who did you choose?
     
    Phineas, 24th Dec, 2016
    #32
  13. Taku Ekanayake

    Taku Ekanayake Well-Known Member

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    @Phineas ended up going with ebm. They are apparently quite investor friendly. Reasonably priced. If you tell them you're a property chat member you will also get 60 day discount for the first year.
     
    Taku Ekanayake, 25th Dec, 2016
    #33
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  14. Phineas

    Phineas Well-Known Member

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    Thanks Taku, I'll take a look.
     
    Phineas, 26th Dec, 2016
    #34
  15. Hedgy

    Hedgy Well-Known Member

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    Hi @Taku Ekanayake, I notice from your OP that you were with AAMI and have now switched to EBM. I've been with AAMI for several years and made a few claims in that time and it was a very easy process with them. I find AAMI's coverage pretty good, but my accountant tells me that the cost of my policies is not particularly cheap compared to what some of his other clients are paying for LL insurance. My priority is good policy coverage and not necessarily cheap premiums. Given your experience with AAMI I'd be interested to hear what motivated you to change insurers if you're happy to share? Thanks.
     
    Hedgy, 27th Dec, 2016
    #35
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