Boarding House Insurance Providers?

Hi.

I was just wondering if anyone knew of any insurer who would insure a boarding house?

Any idea of costs? Im guessing $7k ish?

Its a 5 person boarding house. Residential 1b in Brisbane.

Thanks

Tim

 

contact an insurance broker who will be able to source an appropriate insurer for the risk

 

I did, all the insurance broker did was check with Allianz who said no. And then forwarded me the email from Allianz...

 

Try Suncorp ,i have a mate with a 5 bedroom boarding house in Buranda ,not sure of the cost as this one is in a flood zone..But i'm sure he has been with them would depend on what fire protection and codes they fall under..

 

Try contacting Ausbrokers -

Austbrokers Premier Pty Ltd
Level 3, 49 Sherwood Road,Toowong, QLD, 4066
Ph: 61 7 3327 9900
Fax: 61 7 3327 9999

 

I operate a couple of larger share/boarding houses. The only one I could find is Terry Sheer. I have a separate policy for each tenancy room. I then nominate one of those policies to cover all the common areas as well.

I also tried finding something through brokers and they struggled to find anything, with only one pointing me to Terry Sheer as well (Who I had already found independently).

From memory, for a 7 bedroom house (in Adelaide), I am paying around $3k/year total.

I have also had to make a couple of claims against these policies, and they have always been good to deal with.

(I have no affiliation with Terry Sheer).

 

Awesome info to have. Thanks!

 

MGA insurance brokers. 07 5432 2200. They have several different insurers all rooming accom specific. I talk to Karen. If you can get tenants on 3+ month leases you can save big dollars. Should cost less than $4k.

 

hi
I was just wanting to see how your share/boarding houses were doing? I am going to be starting one in Brisbane in the very near future and I would love to ask a couple questions if that is ok?
can you please let me know if that is ok?
thanks