NSW Australia Insurance

[Christine4838]

Hi there. I’m looking for advice on what to do about insurance.

We live in NSW Australia. Our detached granny flat is on Airbnb and  we live in and own the main house. I’m wondering if someone else in this scenario would be able to tell me what they do for insurance? We informed our insurance company that we were airbnbing the granny flat and that we were getting separate short term insurance coverage and they said it would be fine and then cancelled our coverage anyways. Now we’re trying to figure out who will insure us and what the best options are? 

Any help would be much appreciated

Christine 

[Emilie]

Hi @Christine4838, 

Did you found a new insurance provider in the end?

If not, perhaps those fellow hosts in Australia who discussed insurance in the past might have more suggestions: @Frances3408 @Laurelle3 @Cathryn1 @Felicity11 @Holly855 @Chris25007 let us know if you have recommendations for Christine please.

Thank you everyone 🙂

Emilie

[Cathryn1]

Hi Christine,   There are a couple of Insurance Brokers who will help with this.  We also have a granny flat attached to our house.   We have always been with NRMA but will have to change next month.

Macey Insurance Brokers in Kiama gave us a choice of three companies to go with.  You might want a quote from them.

Are you on our South Coast AU host club site on Airbnb One Platform?  This is also a great resource for information from local hosts.

Regards

Cathryn

[Emilie]

Thank you so much for the quick advice @Cathryn1!

I'll tag @Christine4838 here for you so she gets a notification of your suggestions 🙂

Quick tip: To tag someone, tap "@" and select the host's username from the dropdown menu.

[Laurelle3 · Accepted solution]

@Christine4838 and @Emilie 

I am located in the South Coast region, and I use a Defence Service Home Insurance for Service personnel.

But I have just checked with NRMA NSW that cover for STRA on a nightly basis and did a trial test for our Airbnb property at Huskisson for STRA accommodation insurance. The test for our guests staying for 3 nights over the June long weekend and the fee was for 3 nights insurance cover was quoted as $18. 81.

This is the way we would go if we didn't have our Defence Cover which covers for our property. The reason being you only pay insurance for the number of nights that guests stay. You just register when you get a booking and you would be able to claim this back from your tax in Australia. 

I tried GPT Chat and they gave these other insurances you could try. As each STRA is different for each listing and locations. 

I hope the information is helpful and it is worth trying the list below. but first you have to get your property insured first. Often an Insurance Broker is the way to go in NSW and there should be one to contact in Gosford as your listing is in Long Jetty. 

We have family living in that area, so we know it quite well.

If you have joined your Airbnb One Platform your Central Coasts Hosts Community your Community Leaders are Kim and Richard and they should be able to help you too  

 If you have not joined your local Central Coast NSW Host Club your link to the Central Coast is 

https://hostcommunity.airbnb.com.au/club/68da767418080208c66f5878/discussions

Other insurances to try are (answers from Gpt Chat search) 

EBM Rent Cover

Terry Scheer Insurance

Allianz Australia (some hosts have obtained cover depending on the property setup)

QBE Australia (worth checking for your specific circumstances)

For a setup where:

• You live in the main house, and
• The granny flat is a separate Airbnb accommodation. 

I hope this information helps you.

Laurelle Paton South Coast Volunteer Community Leader.

[Felicity11]

Hi @Christine4838 

Great post and yes this is a question many hosts ask and it can be hard to find someone who can cover you.

I use a broker called Neapean and they insure our 100yr old original granny flat that is next to our home in Sydney.

Good luck and let us know how you get on.

[Emilie]

Great to see so many suggestions!

@Christine4838 Did you try any of those avenues yet? Let us know how you get on 🙂

[Christine4838]

Thank you so much to everyone for all these suggestions. We found that GIO would cover us for home insurance knowing that we do short term stays with Airbnb and it was still pretty reasonable.  Then we do Share Cover for specific coverage for the GF when we actually have guests stay. 

[Emilie]

That's wonderful news, I'm glad you found a suitable provider @Christine4838 - and thank you for updating us!