Should I claim?

Discussion in 'Repairs & Maintenance' started by samiam, 15th Nov, 2019.

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  1. samiam

    samiam Well-Known Member

    Joined:
    5th Sep, 2015
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    Location:
    on my way
    Damage repair to property (by storm)- $1270
    Excess (insurance) is $1000.
    Should I claim? $270 is still money
    Will premium go up after claiming? Terri Scheer said no- is it true?
     
  2. Marg4000

    Marg4000 Well-Known Member

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    Qld
    Your premium may not go up, but if you change insurance companies you have to give details of claims in the previous xxx years (period varies between companies).
     
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  3. willair

    willair Well-Known Member Premium Member

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    Location:
    ..Tomahawk creek Qld..
    For that sort of money one would think no..I have just paid a few landlord insurance payment..
    The one item i noticed was all now have the % increase in the quote costs in the top r/h of the bill,the lowest was 16 percent rise ,just one of the costs of a contact sport like property-investing..
     
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  4. Paul@PAS

    [email protected] Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    One benefit of insurers is they may send a specialist building company to manage the quote + repair and provide a long term warranty and they will project manage the whole thing inhouse. I'm doing this now with NRMA and they will and they will first send a assessor to quote it all and then send a sparkie to disconnect power to ceiling (and reconnect), tradies to re-gyprock and finish and repaint. All in one day. More reliable than self managing individual trades too.
     
    samiam likes this.

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