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I have made a few more inquiries, Wesfarmers indicated they may be able to cover (subject to), but the premium would be more than $3000. I spoke to the branch manager and he advised me to stick with the NRMA policy, even though it doesn't include landlord insurance which their policy would...

We have a block of five flats in Brisbane, they are not strata titled. Last year our insurance increased by $400 as a result of NRMA tacking on flood coverage. The building is on top of a hill, so this is not required at all but flood coverage has become non opt-out for their building...