Home and Contents Insurance Australia

[Stefan4110]

Hi all,

We've been trying to find Home and Contents Insurance for our Airbnb in NSW, Australia. It turned out to be more complicated than expected. We have the main house in which we live and a granny flat the we occasionally rent out as an airbnb on the same property. Most insurances will only provide Home and Contents Insurance if you either don't rent out (regular Home and Contents Insurance) or if you rent out the entire place (landlord insurance allowing short-term rentals), but not if you rent out only part of the place (live in the main house and rent out the granny flat). 

I am interested to see what other hosts experience with this is? The only insurance we found that covered our scenario was GIO, there regular Home and Contents Insurance allows for part of the place to be rented out via short term rentals. 

Thanks,

Stefan

[Rebecca]

Hi @Stefan4110 👋

As this is a global community, it might be hard to find information for a specific country. You could try your  Local Host Clubs though - it might be worth popping there for more area specific things like  regulations and licences, cleaners and maybe insurance. Please let me know how you get on. 

Rebecca 🌟

[Stefan4110]

Thanks Rebecca, good advice, much appreciated.

Cheers,

Stefan

[Quincy]

In addition to the great advice my colleague Rebecca has given, I would like to tag three very knowledgeable and kind Hosts from Australia @Cathie19 @Laurelle3@Robin4  who might be able to offer some tips 😊

[Laurelle3]

@Stefan4110 this is a topic that comes up in our local Airbnb FB page. Most of the advice is to enquire with Insurance Brokers.

We personally use Defence Service Homes as my husband was in the Armed Services. We have separate insurance for our cottage on the same property as our main residence. They have covered as a B&B.

Some other hosts use NRMA insurance in NSW.  They log in with the company and pay per person per night and find it satisfactory.

I hope this information helps.

[Quincy]

Thank you so much for sharing this with @Stefan4110, @Laurelle3! 😊

I hope it was useful to @Stefan4110!

[Jodie17]

Hi @Stefan4110,

Just wondering how you went with this? I'm in the same boat and would love a handy list of providers - or which one ended up being the best for you. 

Thanks in advance,

jodie

[Sherri313]

@Jodie17 I know I'm a bit late to the table with this but I'm in Perth. I used to be with SGIO but then they whacked the premium right up on me last year so I found I could insure with Suncorp. I have our home with an Airbnb self-contained within the house, above the garage (separate side entry).  Hope this is helpful to some people. 

Sherri

[Thomas4135]

HI Jodie, I'm also in the same situation, how did your research go? GIO seems promising but I'm just trying to confirm

[Thomas4135]

Hi @Stefan4110, I'm in exactly the same situation as you - extremely confused. How did you go with your research? 

[Stefan4110]

Hi Thomas, I use https://sharecover.com/ 

You can choose between 12 months, 6 months, or for each stay individually which I do because my place is mainly booked on the weekends.

Hope this helps.

[Thomas4135]

THanks Stefan, much appreciated! After some research I think Woolworths insurance will meet my needs - given we live onsite and only have space for two people in the granny flat