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what have you claimed on house contents insurance and what excess do you have to lower premiums plea

Discussion in 'Property Management' started by justine77, 31st Jul, 2015.

  1. justine77

    justine77 Well-Known Member

    Joined:
    2nd Jul, 2015
    Posts:
    59
    Location:
    australia
    re normal house and contents insurance
    NOT landlords insurance
    i'd like to know please ways you have found to lower premiums
    eg would you do a $1000 excess on building to lower premiums and really be having the insurance mainly for protection in very major claims like flood, storm, fire,

    and my second question is what sort of things have you claimed on on your bulding insurance or house and contents insurance. I once knew someone who really knew about insurance and found alot more things than i ever have to semi regularly claim on insurance.

    while i've really only made one claim in decades, and really i just have it to protect me in the event of something very major and expensive so maybe its worth increasing the building insurance to 1000 excess and having it $200 cheaper per year.

    Comments and experiences appreciated please.
     
  2. srirang

    srirang Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    123
    Location:
    Melbourne
    I've set our excess to $1100. We've claimed on my wife's lost engagement ring and contents of car which was broken into last year. The excess depends on your circumstances.

    Those are the only claims we've had since we had contents insurance.
     
  3. Big Will

    Big Will Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,556
    Location:
    Melbourne, Australia
    I have only had to make one claim (thankfully) when Melbourne had that huge amount of rain. Flooded the shed and knocked down the fence, house didn't have any damage.
     
  4. HUGH72

    HUGH72 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,123
    Location:
    FNQ
    I like a high excess generally about 1500, for the ppor we have had two bathroom plumbing leaks in about 11 years and have had to make a claim for those.
    Making lots of small claims only means higher premiums so you end up paying for these anyway.
     
  5. drg86

    drg86 Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    274
    Location:
    Newcastle
    I take the higher excess option on all my policies. Never made a claim on anything. The money I save on premiums each year can cover a small damage or loss out of my own pocket if needed. So I end up in a better position in the end as if something small happens I just pay for it and it doesn't mark my record.
     
    York likes this.
  6. Bran

    Bran Well-Known Member

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    20th Jun, 2015
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    Location:
    At work
    My $5000 bike that was loaded on top my car when I drove into the garage.

    My family had been robbed maybe 5 times in different houses over the years and have claimed each time with large losses of goods.
     
  7. Waldo

    Waldo Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    222
    Location:
    South Australia
    Like many here, I only really want insurance to cover me for major events (like whole house fire/flood/ect). The costs that can't be absorbed.
    If there was insurance products that had excesses of 5-10k (and obviously premiums to match), I would seriously consider it (wheres Brett C when you need him?).
     
  8. Famil Man

    Famil Man Member

    Joined:
    20th Jun, 2015
    Posts:
    18
    Location:
    Rockhampton
    Claimed for the TV before. Golfball to the plasma screen.
    Had to pay the $80 to be inspectd by TV repair.
    Was reimbursed the $80 after it was found to be "non repairable accident"
    No excess, maybe due to value ($1500 replacement)
     
  9. Chilliblue

    Chilliblue Well-Known Member

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    18th Jun, 2015
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    1,579
    Location:
    Australia
    Never had to claim on PPOR before and we always take the highest excess as well
     
  10. moridog

    moridog Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    170
    Location:
    WA
    Mine is $500. I'd never made a claim ever but two years ago a storm wiped out the entire (falling over) patio plus the Solar hot water and the TV antenna. Insurers replaced it all, mind you, I went on a very steep insurance learning curve as they subbie everything out and one of the blokes quoting told me the bloke who contacted him implied it was his house and I was his missus, at home, much to my shock, coupled with the shock I got seeing him wandering about on my now destroyed patio unannounced.
    Anyway, the final cost was well over 20 K.
     
  11. Chilliblue

    Chilliblue Well-Known Member

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    18th Jun, 2015
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    1,579
    Location:
    Australia
    We should all be congratulated for having insurances. It is estimated that over 70% people do not.