Short-Term Rental Insurance

If you’re a landlord in Australia, navigating the choppy waters of short-term rentals, you’re likely already aware of all the risks associated with this line of business.

Unexpected damages, rental income loss, property theft, damage, the list goes on. That’s where we come in. 

At Duo Insurance, we aim to be your beacon of hope in the uncertain world of short-term rentals – whether an Airbnb, Stayz or listing on another platform. 

Your property is a significant investment, so protecting it should be as well.

Our short-term rental insurance is specifically tailored for landlords like you, who appreciate having total peace of mind so they can focus on what matters most to them—offering exceptional experiences to their guests.

How Does Short-Term Rental Insurance Work?

Consider short-term rental insurance for landlords as your safety net. It is specifically designed to protect properties rented out for short periods, like holiday rentals and Airbnb properties. 

Your standard landlord insurance policy may not extend coverage to short-term rentals, just as contents or home insurance may not either.

This is because renting out your property to paying guests is considered a business activity by many insurance providers, which standard landlord insurance policies need to accommodate. 

This gap in coverage in Australia often leaves hosts feeling vulnerable to financial loss and legal liability.

Enter: Short-term rental insurance, a product explicitly engineered to address this problem. 

With options including pay-per-night short stays and longer-term rentals, short-term rental insurance offers robust protection against a wide range of risks. These could include accidental damage by paying guests or even legal costs that could skyrocket. 

Why Choose Short-Term Rental Insurance?

So, as a landlord, why should you consider short-term rental insurance? The answer is simple: the peace of mind it offers.

Standard home and contents insurance generally do not cover the unique risks associated with short-term rentals, especially for Australian landlords managing properties on platforms like Airbnb.

But beyond this, opting for this form of landlord or investment property insurance also gives you:

Specialised coverage

Short-term rental insurance includes tailored cover for various risks landlords may encounter. These hazards range from expensive legal costs to unanticipated damage by paying guests. This falls under similar coverage to host liability insurance.

Flexible options

This type of insurance allows landlords to choose coverage based on the number of nights a year or opt for a six- to twelve-month period with unlimited bookings, typically found in pay-per-night short-stay and short-stay rental scenarios. This acceptance mechanism allows you to maximise your rental income without compromising your insurance coverage— a feature not often found in traditional home insurance policies.

Business activity cover

Regular insurance policies may not cover short-term rentals as these are often considered business activities. Short-term rental insurance, therefore, steps in to provide cover in situations where traditional policies may not offer protection, closing the gap that could otherwise lead to substantial financial losses.

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Secure Your Investment with Duo Insurance

Investing in property is no small feat. It’s an asset with immense value, both financially and personally. But renting it out on a short-term basis also exposes you to a unique set of risks, ranking from accidental damage caused by paying guests to whopping legal costs. 

This is where Duo Insurance comes to your rescue. 

We understand that your property is not just bricks and mortar; it’s a substantial investment. Our short-term rental insurance is crafted to give landlords the peace of mind they require when letting out their properties.

While most standard landlord insurance policies may offer some coverage for infrequent room rentals, they don’t truly encapsulate the risks of a short-term rental. You need a safety net under your property, guarding it against all conceivable scenarios without leaving gaping loopholes.

Duo Insurance’s short-term holiday rental insurance is tailor-made for Australian landlords in the rental sphere. This form of Airbnb insurance cover includes protection not just for your property, but also its contents. From costly legal disputes to unforeseen damage at guests’ hands, rest assured that you’re shielded comprehensively.

So, why worry about shortcomings in your traditional insurance offerings when we have you covered?

Features You'll Love in Our Short-Term Rental Insurance

Thoughtfully crafted with Australian landlords in mind, our coverage is designed to give you peace of mind and financial security. Here are the top features that set us apart: 

  • Pay-per-night short term rentals: This offers flexibility allowing you to opt for insurance only on the nights your property is rented. Whether you rent your property for one night or ninety nights a year, our insurance can be tailored to your needs.
  • Six or twelve months coverage: If your property is frequently rented out, you might find this option convenient. With unlimited bookings allowed, we ensure your property is protected for half or an entire year, giving you the utmost peace.
  • Extensive coverage: From accidental damage by guests to expensive legal costs, Duo Insurance has your back. Our extensive coverage caters to a broad range of risks, ensuring that your short-term rental business thrives undeterred by potential setbacks.
  • Comprehensive home and contents insurance: To ensure complete protection, our insurance also covers loss or damages to the contents of your rental property. From furniture to treasured keepsakes, we’ve got you covered.
  • User-friendly service: Managing your insurance shouldn’t add stress to your business. With our efficient online platform, you can effortlessly manage your policy, making claims quick and hassle-free.

With Duo Insurance, you can focus on providing the best experience for your guests while we focus on protecting you and your property. We believe in a customised approach and offer insurance products that can be tailored to your specific needs.

Contact us now for a quote on a policy that suits you and your property best.