The insurer has also offered wider home cover in northern Western Australia and pledged A$20m (US$14m) for community resilience as it seeks ACCC approval.
The insurer will allocate A$500k (US$360k) through its Help Fund to support Australian solutions that help communities prepare for, adapt to and recover from climate impacts.
A new report from McKell Institute, in partnership with NRMA, highlights potential risks for microbusinesses, but potential opportunities for insurers.