insurance for dual living properties

Hi all,

People have been talking about the dual living idea where two houses under the same roof and share one address/title. How will insurance company take it when we are leasing out to two unrelated tenants?
We have recently turn our residential property into a dual living one and plan to lease out one. If it's the case don't think we are covered under the standard insurance policy. Has any of you experienced this and how do you deal with insurance?
Thanks heaps.

regards,
Tinaandalex

 

Depends. Are you talking about building insurance or landlord's insurance?

 

I own a pair of duplexs that have different addresses but are on one title between them. EBM didn't seem to mind, just explained what it was when i called.

 

I recently got one with Terry Sheer. One building and two LLs. They told me to get a package Building+LL and then get another LL

 

it can be building insurance for our area and landlord insurance for tenant occupied area if insurance co permit

 

Thanks for the reply, D.T. How do you manage to have two addresses on one title?

 

Thanks for sharing. Does it matter if multiple buildings share one title?

 

Not a problem providing it is disclosed, different insurance companies seem to do things slightly differently.
We have had a duplex( 2 units 1 title) insured under one policy with Suncorp or two polices with Youi for example. That was a Policy which included both building and LL insurance.

 

Don't know, check with the insurance.

My guess is it will still be the same

 

Thanks Hugh

 

Thanks everyone for their inputs.
Just another question here if possible. Without extension out we are able to split the current house (internally) into two separate units/duplexes with two separate entrances and gates. Will insurance co requires council permit?
Thanks heaps

 

No

 

That's short and sweet answer . Thanks Hash_investor