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Landlord Insurance

Discussion in 'General Property Chat' started by Liela71, 24th Aug, 2016.

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  1. Liela71

    Liela71 Active Member

    Joined:
    4th Oct, 2015
    Posts:
    26
    Location:
    Narellan
    Hoping to get some advice about landlord insurance.
    My granny flat being built is almost finished and the company building it want to rent it off me to use as a display for 12 months. They will be signing a 12 month commercial lease for this.

    I contacted an insurance company to find out about landlord insurance but have been informed I can't get it because it's not a residential property. Has anyone got any experience in seeking insurance for this kind of situation? This is my first venture into the world of property investment, So want to make sure I cover the bases.

    My current PPOR where the granny flat is built will also be rented out in the next few months.
     
  2. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,696
    Location:
    Sid en e - olympic city
    I would negotiate for them to provide insurance to a level that is satisfactory and supply yearly certificates of currency.

    On the non commercial, make sure the insurers know what the deal is with the flat.

    Ask an insurance broker to be sure.
     
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  3. Colin Rice

    Colin Rice Mortgage Broker Australia Wide Business Member

    Joined:
    9th Jul, 2015
    Posts:
    1,078
    Location:
    Perth
    That would be the best avenue as its a specialist area.

    I know a good one. PM for deets.
     
    Liela71 likes this.