minimising your loss on LL claims

hey everyone,
obviously every policy is different however as a general rule most things are excluded

What are ways for people to (legally) minimising your personal loss on claims,

my typical claim (Yeah!!! its become typical) is rent arrears, leave the place in a mess, mostly heaps of rubbish and sometimes malicious damage such as holes in teh walls , and sometimes animal feces along with unpaid water bills....

I hate it how cleaning is never included in the coverage, thats what most tenants dont do and wtf is the point of insurnace. espeically if the tenant leaves a backyard full of rubbish, which is more than a little mess.

ive opened up a ombudsman dispute once with a n insurnace company who refused to cover a backyard full of absolutely trash, my argument was that, it was malicious,,

dont get me started on water bills
other options I have been recommended
- use the bond towards stuff thats not covered first, eg water, cleaning etc.
- get quotes for expensive tradies, and after the payout use cheaper tradies or DIY

are there any other ways people minimise the personal loss ?

 

are there any other ways people minimise the personal loss ?

Property selection and then PM selection followed by tenant selection.

 

Yep, bond for cleaning, junk removal, water. Insurance for rent, damages, etc. Some policies pay unpaid rent during tenancy, unpaid rent during 'denial of access' (ie eviction notice served but still present til tribunal removes) and then unpaid rent whilst searching for new tenant. These 3 terms can really add up.

Are you sure this is legal?

This certainly helps in 99% of cases, but if everyone was perfect bond / insurance wouldn't need exist.

When you see stuff come up time and time again, have to question why people would invest (or manage) in certain suburbs.

 

Should be, if an insurer pays you out then they probably don't care if you gamble the money away, they would assess the quote using a lot of experience. As long as your not fabricating anything, then.....

 

1. Bond
2. Bond inspection by PM etc
3. Quality and terms of LL policy

 

Regular and thorough inspections by the PM.
Also , documentation photographs ( taken from the same angle) every 6 months.
Reported to the landlord.
Who reads Documents, and compares to the original Docs.