Landlords Insurance - covering more than 6 weeks rent

Discussion in 'Property Management' started by thesuperman, 29th Mar, 2020.

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  1. thesuperman

    thesuperman Well-Known Member

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    Which insurance company out there covers "loss of rent" for the most amount of time? I know EBM only covers 6 weeks which is nothing but are there any companies that covers 3-6 months or longer?
     
    thesuperman, 29th Mar, 2020
    #1
  2. Just_A_Name

    Just_A_Name Well-Known Member

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    Not sure about others, but Allianz have <=$10k or 15 weeks cover.
     
    Just_A_Name, 5th Apr, 2020
    #2
  3. thesuperman

    thesuperman Well-Known Member

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    How does an Allianz LL policy compare to say an EBM or Terri Sheer one as usually it seems that these 2 are the "gold standard" recommendations?
     
    thesuperman, 6th Apr, 2020
    #3
  4. Bazza

    Bazza Well-Known Member

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    Westpac LL Insurance pays up to $1k per week for a max of 10 weeks. But the tenant must be legally evicted - good luck with that!
     
    Bazza, 7th Apr, 2020
    #4
  5. Just_A_Name

    Just_A_Name Well-Known Member

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    I don't know what "gold standard" refer to. I have sticked to Allianz for a while now and it have not fail me by far. I have not try EBM although my agents recommend it often.
     
    Just_A_Name, 7th Apr, 2020
    #5
  6. KingBendtner

    KingBendtner Well-Known Member

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    Have used Allianz in the past.
    Good experience, worth their money and brand.
     
    KingBendtner, 7th Apr, 2020
    #6
  7. HUGH72

    HUGH72 Well-Known Member

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    Agreed, I have also used Allianz in the past and have had to make a number of diverse claims with them. I don't have any Allianz policies any more mainly because they became too expensive in some regional markets.
     
    HUGH72, 7th Apr, 2020
    #7
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  8. Just_A_Name

    Just_A_Name Well-Known Member

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    Interesting. Allianz are cheaper than EBM for the IP I have in Sydney. The difference was about $100 to $130 this year.
     
    Just_A_Name, 8th Apr, 2020
    #8
  9. HUGH72

    HUGH72 Well-Known Member

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    They priced their policies in cyclone prone areas such that they were no longer affordable or competitive. Different story in capital cities.
     
    HUGH72, 8th Apr, 2020
    #9