EBM/TS Too Expensive - Any Other Reliable Investment Property Insurance?

rush123 on 31/10/2024 - 14:44
Last edited 31/10/2024 - 14:44

Dear Ozbargainers,

I'm with EBM currently and looking to change the insurance provider as the renewal premium is coming up close to ~$3k. Looking at the other threads, most people recommend EBM or Terry Scheer, both of them are equally expensive.

Looking to hear positive/negative experience from other people to see if there is any cheaper and reliable option available. I've the quote from NRMA and AAMI which are about $800 cheaper but not sure how they perform in this category.

Property is in NSW. Thanks in advance.

Home & Garden Insurance

Comments

  • woodg on 31/10/2024 - 16:04

    I use NRMA. Each year I compare with TS. I've always found NRMA to be cheaper and with better coverage.

    • rush123 on 31/10/2024 - 17:22

      Thanks. Have you made a claim yet? If yes, how was the experience?

  • ihbh on 31/10/2024 - 19:58
    -1

    I assume you mean landlord insurance.

    Do you have a property manager? Rely on them and self-insure, or get another one.

    Do you have multiple properties? Definitely self-insure.

    • rush123 on 04/11/2024 - 16:53

      Thanks and apologies for the late reply. I do have a property manager, not sure what is self-insure mean and how it can be done. Can you please explain? Thanks.

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