Insurance for a boarding house

Discussion in 'Commercial Property' started by SabinaVS, 5th Sep, 2019.

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  1. SabinaVS

    SabinaVS New Member

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    Townsville
    Hi just after some information on getting insurance for a level 1 8 room boarding house in Townsville Queensland.
     
    SabinaVS, 5th Sep, 2019
    #1
  2. MicrowaveJenny

    MicrowaveJenny Well-Known Member

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    WA
    Hi Sabina
    My partner is an insurance broker, dealing a lot with North QLD clients, as part of the National Ausure network. Would be happy to advise, if interested.
     
    MicrowaveJenny, 11th Sep, 2019
    #2
  3. Simon Hampel

    Simon Hampel Founder Staff Member

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    Ask your questions here - I'm sure some of our members have experience or expertise in this area.
     
    Simon Hampel, 17th Sep, 2019
    #3
  4. SabinaVS

    SabinaVS New Member

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    Location:
    Townsville
    I thought I did ask the question on a forum. Apologies if not but yes I would love some contact as Townsville is a no go for insurance. No insurance no boarding house, 8 people homeless!
     
    SabinaVS, 17th Sep, 2019
    #4
  5. Simon Hampel

    Simon Hampel Founder Staff Member

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    No, you made a statement that you were after some information on getting insurance.

    Perhaps if you shared some information about exactly what it is you are trying to achieve and what issues you have had obtaining insurance, someone might be able to post.

    We're here to share information for the benefit of all members.
     
    Simon Hampel, 18th Sep, 2019
    #5
  6. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Boarding (Rooming) Houses can be illegal or legal. If its illegal (ie not registered and approved with state and local govt) nobody may insure it. If its legal someone will but it may be a specialised area of insurance and difficult to find cover. Start with EBM - They are insurance brokers who also specialise in property insurances and will be able to identify if there is an insurer / underwriter and what sort of cover you are after etc. Brett from EBM is a regular poster.

    A LL policy wont cover a boarding house if thats what you were hoping for. As its not a residential tenancy defined by state law.

    A boarding house and a rooming house are very different. A boarding house provides food and accommodation. A rooming house supplies just accommodation.
     
    Paul@PAS, 18th Sep, 2019
    #6
  7. The Y-man

    The Y-man Moderator Staff Member

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    FYI - brett's moved on I believe.

    @Sharon Fox-Slater now the voice of EBM on the forum.

    The Y-man
     
    The Y-man, 18th Sep, 2019
    #7