Insurance cover for renting out SOME rooms to housemates - PPOR

I'm living in my 3 bedroom house and now going to rent out 1 or 2 bedrooms to housemates. It is a single free standing house and the kitchen, lounge, bathroom, laundry will be shared.

I tried EBM, Terri Scheer, none of them cover if the landlord is living in the property.

Most likely it won't be a proper residential lease but instead a written contract. I will be doing everything above board with rent/income declaring.

Is such a cover available that I am covered if the housemates:
1. stole my lounge (it cost me $10k!) or trashed the entire place.
2. accidentally burned the house down falling asleep with a candle
3. left the door unlocked and someone robbed us

Should I even be worried about these type of things or if I take care in choosing a reputable decent trustworthy person, its unnecessary to worry... I just feel like the house build value is ~500k that I'd be screwed if it was destroyed and not covered, or I got totally robbed! I'm currently with Budget Direct, but I believe their optional tenant malicious damage is only $10k limit.

I don't need any 'income proteciton' of the rent/down time.

Thanks

 

As you've found out, typical landlord insurance doesn't cover renting rooms out in your PPOR. There are some providers out there I think just don't know what the type of insurance is called. I don't know about other states but in QLD there are specific rooming accommodation forms and rules under the tenancy act - best to see if there is similar for your state to maximize protections and ensure you're not contracting outside the Act and leave yourself exposed from invalid agreements etc.