Strategies to reduce insurance

No they don't. When companies such as Telstra tender for work, they are regularly asked for copies of their current insurance certificates. At least for their public liability and indemnity insurances.

Maybe they do for building insurance...

 

Yes, includes landlord insurance. Will have to explore the rebuild costs. One will become a PPOR so probably better to over insure at this stage

 

I have my two IPs, PPOR and cars insured with AAMI. Every time I get a renewal notice from them I ring them up and tell them that I am shopping around. Without fail over the past 5 years they will give me about a 7% discount on the renewal premium.

 

I have just spent hours looking at and getting quotes from ebm Terri scheer aami Suncorp gio and a couple of others
Gio still comes in at better price and the protection I need so I think I ll roll them all in with them I found Terri scheer and ebm to be very pricey
So @MTR I can't justify paying the extra money to scheer and ebm
Who knows what they are like at claim time though

 

that is good to know thanks. You have just done the hard yards for me.
I have always been very happy with GIO in the main as an insurance company when it comes to claims and service.

 

What is insurance apart from the performance at claim time.

 

If they are areas affected by Flood...try Property Insurance, EBM or Honan.

Paying about Landlords and House Building insurance of 750-900 per property. pa.

 

Seems like GIO is a common amongst PC members.

I use Westpac insurance for one of my properties and the premium charged is 780 per year (i don't have a loan with them).

Just called GIO and gave same specs on the property, quote came back at 1600 per year (with multi-policy discount applied).

Anyone know why there is a big difference?

Does anyone have any feedback on Westpac at claim time?

Any thoughts about bank insurers vs non-bank insurers?

 

You mean not effected....EBM does not cover flood as yet AFAIK

 

Yes...a typo....

 

Can someone assist?
do you really need contents insurance as a landlord?

 

Hey @Peter P i just had a look at westpac as well for a quote comes in a little bit cheaper than gio for me too.
They also cover up to 20k of landlord contents instead of having to get contents insurance which I don't think gio does from memory.
I have read a lot of pds s the last week doing my head in so
Unless I am missing something looks like same cover as gio with everything else
A lot cheaper than commbank and others I have had quotes for

 

They cover things like blinds, curtains, carpet, light fittings...etc if damaged by tenants and/or their guests.

GIO quoted extra $64pa for contents covering up to $10,000

I have not been getting cover for this, but I'm giving it a second thought now

 

my experience, good

 

You missed the point.....

What I was saying is, does not matter how cheap, or expensive, how many bells and whistles or lack of them, nor discounts etc, if they have a habit of denying claims.

It is the one crucial time you find out if you have the right brand and product.