QBE Landlord Insurance (Vic) - Seeking People's Experiences

TheMatrix on 18/06/2025 - 18:39

Hi everyone,

I've noticed that my insurance premiums have been steadily increasing, despite the fact that I haven’t made any claims. I've been a loyal RACV member for over 20 years, but the rising costs in recent years have prompted me to start shopping around.

To my surprise, I found that QBE's landlord insurance offers significantly more generous inclusions—and at almost $800 less than what I’m currently paying with RACV. A quick Google search suggests that QBE has a reasonably good reputation, but I’d really appreciate hearing from anyone who has firsthand experience with them.

Before I consider switching, I’d love to get some real-world feedback on the quality of QBE’s service and claims process. Any insights would be greatly appreciated.

Thanks in advance!

Financial Insurance Landlord Insurance

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Comments

  • theHMASfriendship on 18/06/2025 - 19:14
    +3

    Terri Scheer were easily the cheapest for me

    • TheMatrix on 18/06/2025 - 19:23

      I did look at Terri Scheer, it is quite competitive but not as cheap as QBE. Plus I never heard of Terri Scheer until recently. A quick online search seem to show they are quite well known amongst landlords and real estate agents.

      • ol mate on 18/06/2025 - 20:43
        +1

        Have a chat with your PM about their claim experiences. My PM doesn't specifically recommend any insurer (due to regulatory issues if they did), but have said that Terri Scheer have the easiest claims processes (quickest - which means less loss income). I think Terri Scheer are more inclined to get the claims approved and settled quickly as they are more aware of the impacts of slow claims compared to more generic insurers.

        Personally, I've gone with landlord insurance through Terri Scheer, and building coverage from AAMI due to this being the cheapest combination ($700 or so less than a combined policy through Terri Scheer)

        • 87percent on 19/06/2025 - 08:31
          +1

          Personally, I've gone with landlord insurance through Terri Scheer, and building coverage from AAMI due to this being the cheapest combination ($700 or so less than a combined policy through Terri Scheer)

          It’s never occurred to me that you can get building with one insurance provider, and then contents with another provider. I always assumed you had to get both with the one provider

  • 87percent on 18/06/2025 - 19:14
    +1

    For that much in price difference, I would take the gamble. Can’t be that bad, they’re a big company

    • TheMatrix on 18/06/2025 - 19:25

      That’s also my thought process. But if they are really terrible, I would have to think twice before switching. Also keeping in mind that people tend to report bad experiences, and not reporting the good ones.

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