Protection for short-term accommodation

Covers malicious damage by a guest to contents and building.

Covers accidental damage by a guest to contents and building.

Protection when a confirmed booking is unable to stay in the property following tenant damage or insured events. 

Covers damage to contents and building caused by a guest’s domestic pet kept on the property.

Protection when you are found legally liable for an incident, including tenant injury.

Covers costs of an audit in connection to the ownership of the insured property.

Protection for lost rent after the death of a tenant at the property, including murder and suicide.

Covers damage to contents by water, including from overflowing basins and bursting pipes.

Covers damage to contents by fire or explosion, including arson by the guest.

Covers damage to contents caused by rain, storm and flood.

It is a policy for properties rented out for short periods of time and offers cover for risks that are unique to short-term rental properties. For example, let’s look at holiday homes – RentCover’s short-term landlord insurance policy (known as RentCover ShortTerm) offers cover for loss of rent when a confirmed booking is unable to stay in the property following tenant damage or insured events.

NOTE: EBM RentCover ShortTerm is designed for properties that are not on a fixed-term lease, and are rented out for less than six months at a time.

RentCover ShortTerm can provide cover for holiday homes, Airbnb accommodation and serviced apartments. Typically, it has the option to cover both contents and building.

When it comes to Airbnb accommodation, RentCover ShortTerm offers cover when a property owner uses Airbnb to let their holiday home or investment property for short stays. However, it does not offer cover when:

• a property owner uses Airbnb to rent a single room (or the entire home) of their main place of residence.  
• a tenant leases a home and then sub-leases a single room (or the entire home) through Airbnb. 

RentCover ShortTerm can provide cover for holiday homes, Airbnb accommodation and serviced apartments. Typically, it has the option to cover both contents and building.

When it comes to Airbnb accommodation, RentCover ShortTerm offers cover when a property owner uses Airbnb to let their holiday home or investment property for short stays. However, it does not offer cover when:

• a property owner uses Airbnb to rent a single room (or the entire home) of their main place of residence.  
• a tenant leases a home and then sub-leases a single room (or the entire home) through Airbnb. 

Premiums for a contents only RentCover ShortTerm policy range from about $346 to $465 per annum. For this cost, policyholders receive cover for a range of risks including malicious and accidental guest damage, loss of rent, pet damage, legal liability and insured events (fire, storm and flood). Premiums for building and contents RentCover ShortTerm policies are dependent on several factors including building type and sum insured. Contact EBM RentCover for a quote.

Standard landlord insurance may not work. Holiday homes are often left vacant for extended periods, and they face different risks. RentCover ShortTerm was designed for short-term accommodation like Airbnb homes.

It is important landlords have cover for legal liability. Landlords have an obligation to provide a safe and habitable property for their guests. If, for some reason, the landlord fails at this and a guest is injured at the property, the landlord could be held responsible and may be required to offer compensation. Legal liability (which is covered in RentCover ShortTerm) provides up to $20 million cover when a landlord is found legally liable for an incident, including tenant injury.