Multiple Rooming Tenancy Landlord Insurance

Discussion in 'Airbnb & Short Term Letting' started by mojorising, 5th Oct, 2018.

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  1. mojorising

    mojorising Well-Known Member

    Joined:
    1st Mar, 2017
    Posts:
    66
    Location:
    Gold Coast, QLD
    I have an investment townhouse in QLD

    It is managed and rented on a rooming basis (4 rooms rented separately) to overseas students usually on 12 week (1 semester) room leases.

    I have had this place for 12 years. It was with Terri Scheer for a few years. I had 1 claim. Paid with no problem. I then saw that EBM was cheaper. I switched to EBM.

    I had one claim and they knocked it back due to rooming tenancy. I complained that there was no exclusion in the policy. They paid up but told me they could not insure me any more.

    So I went back to Terri Scheer.

    The Terri Scheer Landlord Preferred policy does not say anything explicitly about exclusion of rooming occupancy.

    But I have also heard that you need separate policies for each room. But if the policy document does not explicitly state anything about excluding room lets then what is the legal situation?
     
    Katie likes this.
  2. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    8,763
    Location:
    Adelaide and Gold Coast
  3. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    8,549
    Location:
    Brisbane
    Can you go back to Terri Scheer and get something in writing. They paid you out once, so they either have changed their policy, or have it buried somewhere in small print. I'd be waiting something in writing from them or another insurer.