This question is from Mel:
I own a property (freehold house) with a separate garage that has been legally converted to a minor dwelling (50 sqm). Both are tenanted. Can I insure both properties under one policy, or do they need their own insurance policies?
Rene from Initio Insurance says
Here’s a quick answer. This is our approach at Initio.
If the 2 (the main house and the minor dwelling) are in some way connected (e.g. under the same roof, by the carport, a deck), then it can be insured under a single policy – as a multi-unit. If they are separate (even on the same property), they will need to be insured as two separate rental properties (which will be a little more expensive). We have leniency to insure a multi-unit where the two are very close together (i.e. within 3 metres).