When looking at landlord insurance it is worth looking at who the major players in insurance are, the 3 major covers are offered by -
Terri Scheer ( owned and underwritten by Vero Insurance who are in turn owned by Suncorp Insurance), Terri Scheer was and is an insurance broker but the business was sold to Vero;
EMB (who are an insurance broker whose cover is underwritten by QBE), EBM are specialist insurance brokers ;and
Aon ( is an insurance broker whose cover is underwritten by CGU), Aon are specialist insurance brokers,
of the 3 it would seem that Terri Scheer is the most used, that is not to say the others do not offer comparable covers.
There is sometimes some confusion here as the underwriters, the insurance company, also offer their own separate cover.
You have mentioned TICA, they are not a specialist insurance broker, they are a defaulting tenancy data base who are paid a commission to offer a rebadged product as an add on, that means that they use their client base to market to, you can buy this cover direct from St George Underwriting who is the specialist broker/ underwriting agency.
The other landlord protection cover, which is quite unique in the market place, is offered by a company called Barclay MIS Protect and Collect, a company I am involved with, this is in essence a prepaid Prevention Plan that includes debt recovery.
The landlord pays an annual subscription of $55 per property in the event that a tenant owes a landlord money for rent or damages. Your property manager then obtains a tribunal order and Barclay will then look to recover the money from the tenant on your behalf, in the process the landlord pays no commissions, no percentages or legal fees all you pay is your annual tax deductible subscription of $55.
However the initial focus of Barclay is to work to prevent the problem from occurring in the fist place as we think it makes more sense to stop the problem from occurring, as compared to having a debt then having to process a claim.
Barclay, as part of the $55 cover, also have available a complete eviction service for the landlord, where should the tenant need to be evicted Barclay control the whole process from execution of the warrant to packing, storage and disposal of tenants goods.
Regards
David Banks
CEO Barclay MIS Protect and Collect
Terri Scheer ( owned and underwritten by Vero Insurance who are in turn owned by Suncorp Insurance), Terri Scheer was and is an insurance broker but the business was sold to Vero;
EMB (who are an insurance broker whose cover is underwritten by QBE), EBM are specialist insurance brokers ;and
Aon ( is an insurance broker whose cover is underwritten by CGU), Aon are specialist insurance brokers,
of the 3 it would seem that Terri Scheer is the most used, that is not to say the others do not offer comparable covers.
There is sometimes some confusion here as the underwriters, the insurance company, also offer their own separate cover.
You have mentioned TICA, they are not a specialist insurance broker, they are a defaulting tenancy data base who are paid a commission to offer a rebadged product as an add on, that means that they use their client base to market to, you can buy this cover direct from St George Underwriting who is the specialist broker/ underwriting agency.
The other landlord protection cover, which is quite unique in the market place, is offered by a company called Barclay MIS Protect and Collect, a company I am involved with, this is in essence a prepaid Prevention Plan that includes debt recovery.
The landlord pays an annual subscription of $55 per property in the event that a tenant owes a landlord money for rent or damages. Your property manager then obtains a tribunal order and Barclay will then look to recover the money from the tenant on your behalf, in the process the landlord pays no commissions, no percentages or legal fees all you pay is your annual tax deductible subscription of $55.
However the initial focus of Barclay is to work to prevent the problem from occurring in the fist place as we think it makes more sense to stop the problem from occurring, as compared to having a debt then having to process a claim.
Barclay, as part of the $55 cover, also have available a complete eviction service for the landlord, where should the tenant need to be evicted Barclay control the whole process from execution of the warrant to packing, storage and disposal of tenants goods.
Regards
David Banks
CEO Barclay MIS Protect and Collect
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