Insurance for properties let for short periods - RentCoverShortTerm.
Short term accommodation leased for business or vacations need specialised insurance to protect you against a range of risks not usually covered by residential or landlords' insurance.
RentCoverShortTerm gives you comprehensive cover for contents (including game consoles, linen and crockery) of your short term rental property for up to $50,000, for damage caused by your tenants or their guests, whether that damage is accidental or malicious. In addition it covers you for legal expenses incurred in minimising a loss, legal liability up to $20,000,000 and even professional fees incurred due to a tax audit in respect of income from the property, up to $1000.
RentCoverShortTerm also covers your property against a range of defined events such as fire, storm damage, water damage, glass breakage and a range of other insurable occurrences.
If you own a property let for short periods, such as Holiday Letting or Corporate Leasing, you can relax with RentCoverShortTerm.
Consider the features of RentCoverShortTerm, which may not be available on other short term accommodation insurance policies:
- It automatically covers your contents up to $50,000.
- Insured contents include game consoles and crockery.
- It covers your lost rent up to $50,000 if your property can't be let due to an insured event.
- It covers you against legal liability up to $20 million.
- You're covered against both accidental damage and malicious damage by your tenants or their guests.
- As long as reasonable security measures are in place, like working locks, it covers your property.
- If buildings are insured, your building is covered for 'new for old' replacement regardless of age.
- It covers legal expenses up to $5,000 incurred by you in minimising a loss.
- It covers professional fees of up to $1,000 incurred due to a tax audit in respect of income from your property.
To get a quote and/or apply online click 
, or call 1800 661 662. You may also ask your Real Estate agent or Property Manager to apply on your behalf.