Insurance for unusual rentals

From cozy tiny homes to lofty treehouses, an increasing variety of unconventional properties are being offered as rental accommodations. But when it comes to insurance – can landlords actually get cover for them? 

As the property market evolves, so too does the way homes are being used – including a rise in unconventional properties being offered as rentals. But when it comes to insurance, it is important to be clear: EBM RentCover does not provide cover for most non-standard or alternative rentals. 

We want to be honest – it is one of our core values. While there are a few exceptions, our landlord insurance policies are not designed for properties like tiny homes, caravans, treehouses, converted sheds, or other alternative dwellings. We also don’t offer cover for rooming/boarding/lodging houses, hostels, caravan parks, or properties with multiple lease agreements in place, including sub-lets. 

So why are we seeing more of these types of properties being used as rental accommodation? 

The rise in alternative rentals reflects two broad trends. First, there is a critical housing shortage across the country. With not enough houses or apartments available, some tenants are turning to any shelter they can find – including granny flats, sheds, caravans, and even buses. In response, some state governments (such as WA) have relaxed rules to allow more flexibility around these living arrangements. 

Second, at the other end of the market, travellers are seeking out unique, memorable stays. Platforms like Airbnb have fuelled demand for quirky accommodation – from treehouses and shipping containers to bubbles and beach shacks – offering something different to the traditional hotel experience. 

Despite the growing popularity of these rentals, they come with risks that fall outside the scope of EBM RentCover products. A caravan might roll away; a treehouse may not be structurally sound; a war bunker could have unforeseen safety issues. These are not risks that can be realistically or affordably covered by our standard policies – which are designed specifically for traditional homes and apartments. 

By keeping our focus on standard residential properties, we can provide specialist cover to landlords – without factoring in the higher risks (and higher premium) associated with non-traditional rentals. 

If you are a landlord with an ‘unusual’ rental, it is still important to get cover. You may be able to find tailored cover to protect your investment. While EBM RentCover does not offer this, our colleagues at EBM Insurance & Risk may be able to help source a bespoke policy that meets your needs. 

If you are unsure about EBM RentCover landlord insurance policies feel free to reach out to our Expert Care team on 1800 661 662.