Hi all,
Just signed for IP n 1.
Got few questions on the list of insurances that we should take (unit)
Life and disability - Sorted - $300k + and have $100k on debt on PPR and most probably around $2k to $3k per annum of neg cash flow for IP#1
Health - Sorted (basic cover at this stage, for tax advantages)
Income protection insurance - Do you use them? Are they really good/essential to take?
Landlord insurance (inc rent insurance)- I have seen lots of post around it. What does it cover exactly? I m still really lost !
Building insurance - Same with Liability insurance - How can I know that level is good within my body corp
Do I need to insure something else for my unit or is it something I would have to take through Landlord insurance to cover my internal walls and fittings?
Content insurance - PPR and IP#1 - Are they really necessary in both cases?
In my PPR, I have most likely less than $20k in value. Or does it cover carpet, blinds, kitchen too?
All these questions might sound silly, really lost in all these types of insurance.
Thanks for your help !
Just signed for IP n 1.
Got few questions on the list of insurances that we should take (unit)
Life and disability - Sorted - $300k + and have $100k on debt on PPR and most probably around $2k to $3k per annum of neg cash flow for IP#1
Health - Sorted (basic cover at this stage, for tax advantages)
Income protection insurance - Do you use them? Are they really good/essential to take?
Landlord insurance (inc rent insurance)- I have seen lots of post around it. What does it cover exactly? I m still really lost !
Building insurance - Same with Liability insurance - How can I know that level is good within my body corp
Do I need to insure something else for my unit or is it something I would have to take through Landlord insurance to cover my internal walls and fittings?
Content insurance - PPR and IP#1 - Are they really necessary in both cases?
In my PPR, I have most likely less than $20k in value. Or does it cover carpet, blinds, kitchen too?
All these questions might sound silly, really lost in all these types of insurance.
Thanks for your help !