How to insure unoccupied home in Australia, you need to notify insurer, arrange weekly inspections and get specialist vacant or unoccupied building insurance from Terri Scheer, AAMI, QBE, Allianz or NRMA, as standard building insurance reduces cover after 60 to 90 days empty. Steps to insure unoccupied home: first, contact current insurer like NRMA, Allianz, Budget Direct and inform them home will be empty more than 60 days due to renovation, deceased estate, holiday or between tenants, as standard policy may void theft, water damage and vandalism after 60 to 90 days, and they may extend with conditions and extra premium 20% to 50% more, so $500K building occupied $1,200 to $1,800 becomes vacant $1,500 to $2,500 per year. Second, arrange weekly inspection by you, agent or neighbour, with log of visits, mail collection, lawn mowing and all doors locked and alarm on, as insurer requires weekly inspection to maintain cover for fire and storm. Third, if current insurer will not cover, get specialist vacant insurance from Terri Scheer, largest landlord insurer, offering unoccupied building $1,500 to $2,500 per year for $500K with weekly inspection, or QBE, AAMI, Elders, costing $1,500 to $2,800. Fourth, ensure sum insured accurate $500K to $1M rebuild, with excess $1,000, and keep evidence of inspections. So to insure unoccupied home, notify insurer, arrange weekly inspections, get vacant insurance from Terri Scheer or QBE for $1,500 to $2,500 per year, with inspection log, otherwise standard policy may deny claim for theft and water after 60 days.
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