Just settled today on the latest IP (yay) and suddenly remembered to arrange landlords insurance. For context, all the IPs are strata titled units (so the buildings are insured). Strategy is buy & hold good yield - I spend so much time working overseas I want minimum maintainence. There's also a whole less damage a tenant can do in the confines of concrete walls compared to a freestanding house. I got thinking, cumulatively, insurance premiums are starting to add up. There's a natural spread of risk given the number of properties involved. It's something I'd never consider for a freestanding house, but thought what if I put all those insurance premiums in a bank account, and build up a pot of money for a rainy day & effectively self insure? What are people's thoughts? Would you ever self insure? Does anybody self insure?