Does anyone know of a insurance company that will cover rooming house? Please help.
Me & my business partner bought a 5 bedroom house in Melbourne and converted it into rooming house. We are also converting the second lounge and the dining room into bedrooms, such that there will be 7 bedrooms.
It is making our IP into +cash flow.
Now the challenge is with the insurance. We are struggling to find an insurer who will insure a rooming house.