Looking for granny flat insurance? Here's how to find it

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Name	Product AUFHO	Finder score
Youi Building and Contents Insurance Youi Building and Contents Insurance 4.5/5★★★★★ Finder score Best Rated Brand	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	4.5/5★★★★★ Finder score	Our verdict: Finder’s 2022 Insurer of the Year for Customer Satisfaction and our Top Pick for Fire Damage cover. It’s good if you want a tailored quote over the phone.	Get a quote View details Compare	loading Fetching your data...
Budget Direct Home & Contents Insurance Budget Direct Home & Contents Insurance 4.5/5★★★★★ Finder score Best Rated BrandBonusFinder Award Finalist	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	4.5/5★★★★★ Finder score	Our verdict: The most popular insurer on Finder, Budget Direct prioritises low-cost cover and gives you up to 30% off your first year for new combined policies purchased online.	Get a quote View details Compare	loading Fetching your data...
Bendigo Bank Gold Home & Contents Insurance Bendigo Bank Gold Home & Contents Insurance 2.5/5★★★★★ Finder score	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	2.5/5★★★★★ Finder score	Our verdict: A good option if you want a well regarded brand. All come with automatic flood cover and let you pay monthly or fortnightly at no extra cost.	View details Compare	loading Fetching your data...
QBE Home & Contents Insurance QBE Home & Contents Insurance 3.5/5★★★★★ Finder score Green CompanyBonus	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	3.5/5★★★★★ Finder score	Our verdict: Finder's Top Pick for Floods plus cover for other common claims such as fire and theft). Its discount is better than most – 20% off your first year with a combined policy.	Get a quote View details Compare	loading Fetching your data...
Qantas Home and Contents Insurance Qantas Home and Contents Insurance 4.5/5★★★★★ Finder score BonusFinder Award Finalist	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	4.5/5★★★★★ Finder score	Our verdict: Earn up to 40K Qantas Points for joining by 29 January. Plus save 30% on your 1st year’s premium for purchasing a combined home and contents policy online. T&Cs apply.	Get a quote View details Compare	loading Fetching your data...
ALDI Home & Contents Insurance ALDI Home & Contents Insurance	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	N/A	Get a quote View details Compare	loading Fetching your data...
Huddle Comprehensive Home and Contents Insurance Huddle Comprehensive Home and Contents Insurance	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	N/A	Our verdict: Save up to 10% on your policy in the first year.	Get a quote View details Compare	loading Fetching your data...
Honey Home & Contents Insurance Honey Home & Contents Insurance 4.5/5★★★★★ Finder score Bonus	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	4.5/5★★★★★ Finder score	Our verdict: Honey gives you $250 smart sensors to reduce accidents and estimates your rebuild costs for you. Honey was a finalist for the comprehensive category in this year’s Finder Awards.	Get a quote View details Compare	loading Fetching your data...

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Home insurance brands

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.

Things that contents insurance will cover

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

Event	Example
Theft	Someone breaks into your granny flat and steals your TV.
Storm	A severe storm destroys your outdoor furniture.
Escape of liquid	A pipe bursts, ruining rugs and furniture.
Fire	A fire destroys all of your belongings.
Vandalism	Someone breaks into your home and damages items.
Lightning	Damage to your belongings by a direct lightning strike.
Glass breakage	An antique mirror smashes.
Explosion	A gas explosion damages your home and your belongings are impacted.
Impact	A tree falls on your home, damaging the contents inside.
Flood	Your 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:

Exclusion	Example
Criminal acts	Your belongings are damaged due to your own illegal behaviour.
Intentional acts	You intentionally damage an item in your home.
"Open air" contents	These include gift cards, mobile phones and laptops – unless you specifically add them to your policy.
Wear and tear	Your belongings fall apart or are damaged due to general wear and tear.
Repossession	Your belongings are legally repossessed or confiscated.
Vermin	Mice 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.

Things that landlord insurance will cover

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

Event	Example
Theft	Your tenant steals items from inside your granny flat.
Storm	A severe storm destroys the roof of your granny flat.
Rent default	Some 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 liquid	A pipe bursts, damaging the ceilings in your home.
Fire	A fire destroys your granny flat and it must be rebuilt.
Vandalism	Someone breaks the windows of your granny flat or graffitis the outside.
Lightning	A lightning strike damages the property.
Breakage of glass, ceramics and sanitary features	The solar panels on your granny flat are damaged in a storm.
Explosion	A gas explosion damages your granny flat and repairs are needed.
Impact	A tree falls on your granny flat, damaging the roof.
Flood	Your 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:

Exclusion	Example
No lease	If you don't have a written lease agreement with your tennant, certain benefits may not be included, such as rent default.
Wear and tear	General wear and tear won't be covered by your policy.
Criminal acts	Your granny flat is damaged due to your own illegal behaviour.
Intentional acts	You intentionally damage your granny flat.
Vermin	Mice chew threw the electrics in your granny flat.
Asbestos	Any claims associated with asbestos will likely be denied.
Unoccupied buildings	If your granny flat is unoccupied for a certain period of time, it may not be covered by your landlord policy.

Frequently asked questions

Thank you for your feedback!

Written by

Nicola Middlemiss

Senior writer

Nicola Middlemiss is a contributing writer at Finder, with a special interest in personal finance and insurance. Formerly a business and finance journalist, Nicola has written thousands of articles helping Australians better understand insurance and grow their personal wealth. She has contributed to a wide range of publications, including Domain, the Educator, Financy, Fundraising and Philanthropy, Insurance Business, MoneyMag, Mortgage Professional, Yahoo Finance, Your Investment Property, and Wealth Professional. Nicola has a Tier 1 General Insurance (General Advice) certification and a Bachelor's degree from the University of Leeds. See full bio

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Nicola has written 233 Finder guides across topics including:

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2 Responses

GabrielleMay 30, 2024

Do the policies for Granny flat insurance cover short term lets e.g. Airbnb/Stayz?

Finder

AngusSeptember 23, 2024Finder

Hi Gabrielle, If you’re using a granny flat for short-term lets, you’ll want landlord insurance. Make sure the policy you pick allows for short-term lets – not all do.

Granny flat insurance

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