Recently I looked at alternative quotes for our Strata Insurance. Some friends recommended a company, well known, but only new to strata insurance. They sounded competitive, and they only insured strata complexes with 10 or less units. Perfect for us.
Then I saw, very clearly highlighted on their website, the following statement:
“WE DON’T COVER: We don’t cover your building if the building, or a unit, is used for short term rental, holiday rental or house sharing. This includes if a unit is available through Airbnb or Stayz.”
That should ring a few alarm bells.