Trying to get home & contents insurance - Need help!!!

Empharand on 06/01/2018 - 18:27

Hi all,

Long story short, I have purchased a 5 bedroom 2 storey home. I will be renting the other 4 bedrooms to my closest mates that I have known for 10-15+ years (I'm 27) but everytime I try to get a quote online regardless of provider it says the following:

Unable to Proceed
Due to our underwriting criteria we are unable to offer you insurance at the current time. If you’d like to know more about other insurance options, you can contact the Insurance Council of Australia at findaninsurer.com.au

I spoke to a customer service rep at YOUI insurance and he informed me that because I have 4 other people living in the house that are not a blood relative to the owner (myself) then they could not provide me with insurance.
I have tried about 5 insurers so far (Budget Direct, Woolworths, Real Insurance, YOUI, Commonwealth Bank) and all of them say the same thing.

Is there any way around this or should I continue hunting for insurers? I really need help with this one.

Thank you in advance

Home & Garden

Comments

  • Aust on 06/01/2018 - 18:37
    +1

    You can try some of the mainstream insurers, EG, Allianz, CGU, QBE, Suncorp,
    Failing that contact an insurance Broker.

  • sraymond on 06/01/2018 - 18:38

    Maybe try searching for renters insurance.

    • JimmyF on 06/01/2018 - 19:29

      But the OP isn't renting…. I think you might mean landlord insurance ;)

  • JimmyF on 06/01/2018 - 19:28
    +1

    I have tried about 5 insurers so far (Budget Direct, Woolworths, Real Insurance, YOUI, Commonwealth Bank) and all of them say the same thing.

    Try some non-budget ones. They are BUDGET ones for a reason, as they cover fewer things.

  • derpdeder on 06/01/2018 - 21:45

    I don't know the answer but maybe start with just home insurance, not home & contents. This risk they are trying to mitigate is theft of your property by people who have been let into the home.

    I recently placed a home (only) insurance policy with Suncorp and I do not remember being asked if non-blood relatives would be living in the place.

    • jjjaar on 06/01/2018 - 22:33

      This may work. Try not bundling home and contents. Do a quote for home then contents. I recently got contents only and wasn't asked anything about other residents.

  • Peter Enis on 06/01/2018 - 22:27
    +1

    An insurance broker will sort you out.

    DISCLAIMER: I work for an insurance broker.

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