Granny flat insurance 

How to find the right granny flat insurance, whether you're renting yours out or you're living in one.

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Do you live in a granny flat? Compare contents insurance
Do you own a granny flat? Compare landlord insurance

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I live in a granny flat which someone else owns

If you live in someone else's granny flat, you don't need building insurance. The owners will be responsible for any damages to the building, including the roof and walls.

However, you may benefit from contents insurance. This protects all your belongings inside the granny flat, such as furniture, electronics and even clothing. Some policies will even cover items outside your home, such as garden furniture.

Get contents insurance for your belongings

Use the table below to compare contents insurance policies from Finder partners. Don't forget to click "View details" for a more comprehensive breakdown of the benefits.

Name Product Home Contents Cover Fire, Storm & Theft Damage Outdoor Contents Portable Contents Cover Accidental Damage to Home or Belongings Online Discount
Budget Direct Contents Insurance
Yes - $1,000
20% of your contents sum insured
Optional
Get 15% off your first year's premium when you buy a Budget Direct Contents insurance policy online. T&Cs apply.
St. George Contents Insurance
Yes
Save 15% on the first year of your policy when you buy online. Use promocode: COVER. T&Cs apply.
Coles Contents Insurance
10% of the contents sum insured
Optional
Optional
Save 10% on Coles Contents Insurance when you buy online. Also, get double flybuys points at Coles Supermarkets. T&Cs apply.
Westpac Contents Insurance
Yes
Get 15% off the first year of your policy when you buy online. Use promocode: COVER. T&Cs apply.
Youi Contents Insurance
Yes - $2,500
20% of your contents sum insured
Optional
Virgin Contents Only
Yes - $1,000
20% of your contents sum insured
Optional
Save 15% on your first year’s premium when you buy a new eligible Virgin Contents Insurance policy online. T&Cs apply.
Domain Contents Insurance
Yes
Up to specified Value
Get 12% off your first year's premium when you purchase a new Domain Contents Insurance policy online. T&Cs apply.
ANZ Contents Insurance
Optional
25% of your contents sum insured
Optional
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Things that contents insurance will cover

Contents insurance will kick in following a whole range of different events, including:

EventExample
TheftSomeone breaks into your granny flat and steals your TV.
StormA severe storm destroys your outdoor furniture.
Escape of liquidA pipe bursts, ruining rugs and furniture.
FireA fire destroys all of your belongings.
VandalismSomeone breaks into your home and damages items.
LightningDamage to your belongings by a direct lightning strike.
Glass breakageAn antique mirror smashes.
ExplosionA gas explosion damages your home and your belongings are impacted.
ImpactA tree falls on your home, damaging the contents inside.
FloodYour home is flooded and the water damages furniture. This may be an optional extra.

Things that contents insurance won't cover

Contents insurance provides support in lots of different situations. But it won't cover everything. Typical exclusions are:

ExclusionExample
Criminal actsYour belongings are damaged due to your own illegal behaviour.
Intentional actsYou intentionally damage an item in your home.
"Open air" contentsThese include gift cards, mobile phones and laptops – unless you specifically add them to your policy.
Wear and tearYour belongings fall apart or are damaged due to general wear and tear.
RepossessionYour belongings are legally repossessed or confiscated.
VerminMice chew threw your camping equipment.

This list isn't exhaustive, so it's important to read your insurance documents carefully.

Granny flat insurance for owners renting their property out

Do you have a granny flat that you're renting out to someone else? That extra income can go a long way, but renting out your property does have its risks.

While home insurance will cover your permanent residence, it probably won't cover your granny flat if you're making an income from it. Instead, you'll need landlord insurance.

Get landlord insurance for your granny flat

Depending on which policy you get, landlord insurance can protect the building you're renting out, the contents inside it, and even the money you lose if your tenant defaults.

Name Product Fire, Storm & Theft Damage Tenant Default and Damage Loss of Rent Accidental Damage to Home or Belongings Flood
Budget Direct Landlord Insurance
Optional
Optional
Save 15% on your first year's premium when you purchase cover online. T&Cs apply.
St George Landlord Insurance
Save up to 15% when you purchase cover online. Promo code: COVER
Coles Landlord Insurance
Save 10% when you purchase cover online + collect Flybuys extra points and you could double your collecting speed when you shop at Coles Supermarkets.
Westpac Landlord Insurance
15% off for your first year. Promo code: COVER
Youi Landlord Insurance
Cover for investment property from fire, theft and numerous weather events.
Virgin Home and Landlord Insurance
Optional
Optional
Purchase a new eligible Virgin Home and Contents Insurance policy online and you'll also save 15% on your first year’s premium. T&C’s Apply.
Domain Landlords Insurance
Optional
Get 12% off your first year's premium when you purchase a new Landlord Insurance policy online. T&Cs apply.
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Things that landlord insurance will cover

Landlord insurance offers wide protection to people renting out their granny flat, for events including:

EventExample
TheftYour tenant steals items from inside your granny flat.
StormA severe storm destroys the roof of your granny flat.
Rent defaultSome policies will cover you for lost rent if your tenant disappears or can't pay. However, this is usually an optional extra and isn't always available.
Escape of liquidA pipe bursts, damaging the ceilings in your home.
FireA fire destroys your granny flat and it must be rebuilt.
VandalismSomeone breaks the windows of your granny flat or graffitis the outside.
LightningA lightning strike damages the property.
Breakage of glass, ceramics and sanitary featuresThe solar panels on your granny flat are damaged in a storm.
ExplosionA gas explosion damages your granny flat and repairs are needed.
ImpactA tree falls on your granny flat, damaging the roof.
FloodYour granny flat is flooded and it requires repair. This may be an optional extra.

Things that landlord insurance won't cover

While landlord insurance can end up being a huge money-saver, it won't cover everything. Some common exclusions are:

ExclusionExample
No leaseIf you don't have a written lease agreement with your tennant, certain benefits may not be included, such as rent default.
Wear and tearGeneral wear and tear won't be covered by your policy.
Criminal actsYour granny flat is damaged due to your own illegal behaviour.
Intentional actsYou intentionally damage your granny flat.
VerminMice chew threw the electrics in your granny flat.
AsbestosAny claims associated with asbestos will likely be denied.
Unoccupied buildingsIf your granny flat is unoccupied for a certain period of time, it may not be covered by your landlord policy.

Frequently asked questions

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