Home Insurance Protection for short-term accommodation

Protection for short-term accommodation

Landlord, contents and optional building insurance

Ideal for holiday homes and Airbnb accommodation

RentCover ShortTerm is designed for properties rented out for less than six months at a time, including holiday homes, Airbnb accommodation and serviced apartments. It has the option to cover both contents and building.

What’s covered?

Malicious guest damage

Up to $65,000 cover | Excess: $350 per claim

Accidental guest damage

Up to $65,000 cover | Excess: $350 per event

Loss of rent

Up to $50,000 cover | Excess: $0

Pet damage

Up to $65,000 cover | Excess: $350

Legal liability

Up to $20 million cover | Excess: $200

Tax audit

Up to $1,000 cover | Excess: $200

Death of a guest

Up to $50,000 cover | Excess: $0

Water damage

Up to $65,000 cover | Excess: $200

Fire damage

Up to $65,000 cover | Excess: $200

Storm damage

Up to $65,000 cover | Excess: $200

RentCover ShortTerm Premiums (contents only)

Premiums are fixed by state and territory and represent the cost of our standard RentCover ShortTerm policy. For a combined landlord, contents and building insurance quote, talk to the EBM RentCover team or get a quote online

NSW QLD VIC SA ACT WA NT TAS
$472 $399 $410 $375 $433 $375 $438 $346

 

Apply now to protect your short-term rental

RentCover ShortTerm policy documents

RentCover ShortTerm Product Disclosure Statement (PDS)

Download

EBM RentCover Financial Services Guide (FSG)

Download

Western Australia Employer Indemnity Policy

Download
Making a claim is easy

Making a claim is easy

As a finalist in the 2020 Mansfield Awards (recognising excellence in claims) we know the importance of making the claims process easy. To help our clients, we invest in innovative technologies to help provide excellent support from cover to claim. Our online claims portal allows you to easily tell us what happened, provide necessary quotes and invoices, upload documentation and submit a claim. 

Make a claim

Claim documents

Short-term accommodation claim form

Download

FAQs about RentCover ShortTerm landlord insurance

What is short-term landlord insurance?

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.

What sort of homes can be insured under EBM RentCover ShortTerm?

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. 

Can a holiday home be insured when it is empty?

Yes. If you have the right sort of insurance in place, it will continue to cover risks when the property is vacant. If you have RentCover ShortTerm, you also don’t have to pay an unoccupancy excess, unlike some landlord insurance policies in the market.

TIP: With a lot of standard landlord insurance policies, leaving a rental property vacant for long periods of time (and not notifying the insurer about this) can often void cover. So, landlords are encouraged to find the right sort of short-term landlord insurance protection to prevent this from happening. If you have RentCover ShortTerm, you only need to notify EBM RentCover if the property is left vacant or unoccupied for an ‘indefinite period’.

How much is RentCover ShortTerm landlord insurance?

Premiums for a contents only RentCover ShortTerm policy range from about $340 to $480 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.

Do I need special insurance for an Airbnb property?

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.

Do I need legal liability insurance for a holiday home?

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.

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