Help! Have no landlords insurance, where do I get it?
- Thread starter Elke
- Start date
Personally I use http://www.rentcover.com.au/products/rentcover-platinum.php you can get online quotes.
My landlord insurance of choice is Terri Scheer!!!!
On here the most popular ones are Terri Scheer and EBM via BrettC
If you contact BrettC via this forum you get a discount of the first 2 months premium with EBM
http://somersoft.com/forums/showthread.php?t=99933
click on that and PM him or go on line and get a quote then PM him.
Or just put in "webpromo1" in the code section when you make the application.
Just wondering has anyone made a claim through the companies that these people use?. And what was the outcome when you did make a claim because landlord insurance now days is starting to go off the scale in price..
I do in my current job and Terri Scheer have never knocked back anything in 11 years. Big companies look for reasons not to pay you!
I've posted in the past about some of our big claims - including feral tenants, water damage, etc.
The Y-man
Thanks for that I will have a look..
EBM - I've made a claim, nothing big tho, but a successful outcome.
Also made the property manager do all the work
Not having a go at Terri Scheer in the slightest, but Terri Scheer is a division of Vero Insurance and are one of the largest Insurer's in Australia. They're massive.
But I like to make work for Brett
Thanks for that Macca. I generally am sitting around looking out over the Broadwater just waiting for someone to give me something to do. So I really appreciate it.
Thanks for that Macca. I generally am sitting around looking out over the Broadwater just waiting for someone to give me something to do. So I really appreciate it.
As we age it is important to stay mentally active
I've just taken business away from Terri Scheer.
My tenants claimed that the internal oven door exploded and at exactly the same time, a saucepan was dropped on the glass cooktop which was also damaged. I wasn't there, I have to take their word for it.
The phone consultant I spoke with at TS was quite rude. She wanted to charge me the higher excess and when I questioned why it wasn't the cheaper excess, she said TS would pursue the tenants to recover the money.
If something so miner was such a big deal I don't want to wait until I really need to make a claim.
My tenants claimed that the internal oven door exploded and at exactly the same time, a saucepan was dropped on the glass cooktop which was also damaged. I wasn't there, I have to take their word for it.
The phone consultant I spoke with at TS was quite rude. She wanted to charge me the higher excess and when I questioned why it wasn't the cheaper excess, she said TS would pursue the tenants to recover the money.
If something so miner was such a big deal I don't want to wait until I really need to make a claim.
To the OP - I suggest you pick an insurer (any of the big ones will do, but pick the one you're most likely to insure with in the end) and get yourself a cover note ASAP.
A cover note is when they give you a quote and you have an agreement to start the insurance (dated from the time you make the agreement over the phone, internet or whatever).
From the date the cover note starts, you usually have something like 30 days to pay the insurer, or your cover automatically lapses.
BUT in the meantime, if something happens (eg you start the cover note today. tomorrow your house burns down), all you have to do is pay the insurer and they will insure you.
This is so you have some sort of cover at least whilst you're making up your mind what you want to do.
A cover note is when they give you a quote and you have an agreement to start the insurance (dated from the time you make the agreement over the phone, internet or whatever).
From the date the cover note starts, you usually have something like 30 days to pay the insurer, or your cover automatically lapses.
BUT in the meantime, if something happens (eg you start the cover note today. tomorrow your house burns down), all you have to do is pay the insurer and they will insure you.
This is so you have some sort of cover at least whilst you're making up your mind what you want to do.
After a big weather "event" when many houses were damaged, we had water runoff from further up the hill, usually managed by the extensive drainage around our house, manage to make its way under our walls and ruin our carpet. Suncorp sent an assessor out, and then left us for five months without any idea if we were covered or not. Finally our claim was denied with the odious comment from them about upkeep. It was insulting.
Meanwhile someone else we know, in the same freak weather event, made hay while the sun shined. She had things replaced with expensive new replacements for things that should haven thrown in the tip years before, and I believe some things were agreed to against the assessor's better judgement simply to make her "go away". I call it the 4BC talkback effect
.After being refused cover after leaving us to live on concrete for 5 months, Suncorp had the gall to send a renewal with a $500 increase. Yeah right!
I took my business to Youi who covered us for the same premium as Suncorp the previous year. As our IPs and vehicles came due, I price checked, and couldn't beat Youi. They now have all our insurance.
My SIL was with You, and watching them handle her claim was impressive. She had damage in the same storm that we were shafted on, the same storm that I watched someone else profit from, and whilst they had the usual hassles of having to deal with tradies who wanted at times to cut corners, they stuck to their guns and Youi handled the whole thing impressively, sending people back if the job was not done properly. It took time to remedy the water damage, but Youi came through and supported them when they wanted a tradie to redo a few things that they were not happy with.
The other thing I like about Youi is that we have three houses that I want to let roll into a month to month lease. As long as I call them and let them know, they will continue to insure me. That is something I've not been able to do with other landlord insurers.
I'm sure Youi may or may not cover all the things that other specialist landlord insurers cover, but I want the big events covered, e.g. total loss. I'm happy to self-insure for small things, shower screen replacement etc and have chosen a $1000 excess because it lowers the premium without really leaving me feeling vulnerable. Even with a lower premium, say $300, I would probably pay for something small that was broken rather than claim, have the premium rise and have the hassle of dealing with an insurer.
So far Youi has a gold star from me.
Also, as wategos says above, we managed many years without landlord cover. We couldn't afford it in the early days anyway.
