Dual Occupancy Insurance Requirements

Discussion in 'Property Management' started by Moe Soliman, 9th Jun, 2018.

Join Australia's most dynamic and respected property investment community
Tags:
  1. Moe Soliman

    Moe Soliman Member

    Joined:
    20th Sep, 2017
    Posts:
    8
    Location:
    Brisbane
    Hi There,
    I bought my first property ever as one title land&house package. Dual occupancy home though (3,1,1 + 1,1,1 ) and its under the building process atm. The plan is, I will be living in the smaller unit and renting out the bigger unit. I read here and there about landlord insurance vs building insurance. But things still are not so clear as I will be living in a part of the house so I cant get full landlord insurance.

    Any suggestions of companies that can help in this situation. Also, I wish if both policies under one company's roof.

    Thanks a lot for any replay in advance
    cheers
     
    Moe Soliman, 9th Jun, 2018
    #1
  2. Propertunity

    Propertunity Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,476
    Location:
    NSW
    GIO
     
    Propertunity, 9th Jun, 2018
    #2
    Moe Soliman likes this.
  3. John_S

    John_S Mortgage Broker

    Joined:
    27th Mar, 2017
    Posts:
    133
    Location:
    Gold Coast
    I believe this would be treated the same as a granny flat as there is no separate title.

    Renewing landlord insurance for house + granny flat (NSW)

    EBM should cover you in this scenario, with a building insurance policy covering the whole house and landlord insurance just for the rented portion.
     
    John_S, 11th Jun, 2018
    #3
    Moe Soliman likes this.
  4. brettc

    brettc Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    283
    Location:
    Gold Coast
    As @John_S has mentioned, we would be able to look after this. If you would like someone to give you a call please private message me your contact details.

    Regards
    Brett
     
    brettc, 12th Jun, 2018
    #4
    Moe Soliman likes this.
  5. Moe Soliman

    Moe Soliman Member

    Joined:
    20th Sep, 2017
    Posts:
    8
    Location:
    Brisbane
    Excellent. Thanks for that
     
    Moe Soliman, 12th Jun, 2018
    #5