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Holiday Rental Insurance

Covers you for tenant-related risks including loss of rental income, and loss or damage by tenants to your holiday rental building and contents.

Holiday Rental Insurance for $1.50 or less per day^

Is your property a residential tenancy? View our insurance options here >

Combine with Building and Save+.Find out more >
Buy online and SAVE 5% on your first year's premium+

What's Covered

Loss of rental income

Protects you from loss of rental income as a result of scenarios such as those listed below.

Provides cover for:

  • Death of a tenant
  • Untenantable property
  • Prevention of access
  • Failure to Vacate

Contents

Protects those furnishings you forget, like curtains, carpets, blinds and light fittings. What contents are covered?

Provides cover for:

  • Tenant Damage
  • Flood
  • Storm or rainwater
  • Escape of liquid
  • Fire (including bushfire) or explosion
  • Show more
  • We do not insure you for bushfire, storm, flood or tsunami in the first 72 hours of your policy. Very limited exceptions apply. Read the PDS for more detail.

Building

Protects your building against: loss or damage caused by tenants, their family or their invited guests. What does building include?

Provides cover for:

  • Tenant Damage
  • Pet damage
  • Scorching

Additional benefits

  • Legal expenses up to $5,000
  • Legal liability cover up to $20 million
  • Emergency Service damage up to $1,000

This content applies to policies commenced or renewed on or after 10 August 2024.

For full details of our policies we recommend you read the relevant Product Disclosure Statement.
The Target Market Determination is also available.

Details of what's covered

If your property is managed by a property manager the Terri Scheer Short Stay Policy covers short stay tenancies and includes cover for:

Loss of Rental Income

Hide Detail
Insured Events
Sub-limit
Untenantable (Building)
52 weeks loss of rent per incident, but no more than $50,000 in any one period of insurance
Untenantable (murder/suicide)
52 weeks loss of rent per incident, but no more than $50,000 in any one period of insurance
Untenantable (death of tenant)
26 weeks loss of rent per incident, but no more than $25,000 in any one period of insurance
Untenantable (contents)
6 weeks loss of rent per incident, but no more than $6,000 in any one period of insurance
Prevention of access
52 weeks loss of rent
Failure to vacate
26 weeks of rent per incident, but no more than $25,000 in any one period of insurance
Death of tenant
12 weeks loss of rent per incident, but no more than $12,000 in any one period of insurance

Contents

Show Detail
Insured Events
Sub-limit
Break-in vandalism or theft
Earthquake or tsunami
Electric motor burnout
Reasonable costs for motors less than 7 years old
Escape of liquid
Fire (including bushfire) or explosion
Flood
Glass breakage
Impact
Lightning
Oil leakage from any heater
Pet damage
Up to $5,000 per period of insurance (Combined with Building damage)
Riot, civil commotion or public disturbance
Scorching
Up to $1,000 per period of insurance (Combined with Building damage)
Storm or rainwater
Tenant Damage

Building

Show Detail
Insured Events
Sub-limit
Pet damage
Up to $5,000 per period of insurance (Combined with Contents damage)
Scorching
Up to $1,000 per period of insurance (Combined with Contents damage)
Tenant Damage

Other

Show Detail
Insured Events
Limit
Legal expenses
Up to $5,000 per claim
Legal Liability
Up to $20million in legal liability
Emergency Service damage
Up to $1,000 per claim

The Landlord Preferred Self Managed Policy covers landlords who manage the property themselves.

It includes:

Loss of Rental Income

Hide Detail
Insured Events
Sub-limit
Absconding tenant
Up to 20 weeks loss of rent
Defaulting tenant (by court order)
Up to 20 weeks loss of rent
Defaulting tenant (by termination notice)
Up to 20 weeks loss of rent
Failure to give vacant possession
Up to 15 weeks loss of rent
Death of tenant
Up to 15 weeks loss of rent
Hardship
Up to 4 weeks loss of rent
Untenantable property (due to tenant damage to building)
Up to 52 weeks loss of rent
Untenantable property (due to contents damage)
Up to 6 weeks loss of rent
Prevention of access
Up to 52 weeks loss of rent
Rent reduction
Up to 6 weeks reduction of rent under ‘Section 2: Contents’
Up to 52 weeks reduction of rent under ‘Section 3: Building (tenant damage)’

Contents

Show Detail

Cover anywhere between $30,000 and $100,000.

Insured Events
Sub-limit
Tenant Damage
Flood
Storm or rainwater
Escape of liquid
Fire (including bushfire) or explosion
Break-in vandalism or theft
Pet damage
Up to $5,000 per period of insurance (Combined with Building damage)
Scorching
Up to $1,000 per year (combined with Building damage)
Impact
Earthquake or tsunami
Glass breakage
Lightning
Oil leakage from any heater
Electric motor burnout
Reasonable costs for motors less than 7 years old
Riot, civil commotion or public disturbance

Building

Show Detail

Up to $60,000 cover included per period of insurance

Insured Events
Sub-limit
Tenant Damage
Pet damage
Up to $5,000 per period of insurance (Combined with Contents damage)
Scorching
Up to $1,000 per period of insurance (Combined with Contents damage)

Other

Show Detail
Insured Events
Limit
Legal Liability
Up to $20million in legal liability

This content applies to policies commenced or renewed on or after 10 August 2024.

For full details of our policies we recommend you read the relevant Product Disclosure Statement.
The Target Market Determination is also available.

Why Landlord Insurance is important

Landlord Insurance covers you for tenant-related losses. Things like loss of rent due to a tenant breaking their lease or being evicted, or damage caused to your contents by tenants, like drink spills on carpets. Other insurance may not cover these events, and very often, the bond won’t be enough to cover the associated costs.

Combine
and save

If you own a freestanding building, combine one of our Landlord Insurance products with our Residential Building Insurance and receive a 10% discount+ on your Residential Building Insurance policy.

Find out more
Holiday Rental Insurance is rated 4.8 out of 5 by 188.
Rated 5 out of 5 by from good product Pleased with the policy and help with completing the application on line by Renee.
Date published: 2022-11-07
Rated 5 out of 5 by from Great Insurance Product This policy covers my needs and as I've used them before, happy to return.
Date published: 2022-11-04
Rated 4 out of 5 by from quick easy there were no ques, easy form to fill in. Pay straight away.
Date published: 2022-10-28
Rated 5 out of 5 by from Great price product I never looked into this company before but I’m very surprised
Date published: 2022-10-24
Rated 5 out of 5 by from Excellent online process Quick process of buying insurance through the online form
Date published: 2022-10-20
Rated 5 out of 5 by from Mr I am happy it approved quickly. i will refer this to my friend.
Date published: 2022-10-19
Rated 4 out of 5 by from good easy to purchase xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Date published: 2022-10-17
Rated 5 out of 5 by from Easy application for insurance I have previously utilised the services of Terri Scheer insurance on rental properties and am pleased to be able to easily apply online for yet another policy. System is easy to use, steps are simple and logical. Highly recommended for quality of insurance service, support & response.
Date published: 2022-10-16
Rated 5 out of 5 by from Quote and purchase of insurance easy The quote process was very easy as well as the purchase of the insurance.
Date published: 2022-10-07
Rated 5 out of 5 by from Open disclosure, easy to purchase Purchased policy on line in 5 minutes, waited 2 days for call-back from another company.
Date published: 2022-09-30
Rated 5 out of 5 by from Easy set up Got a quote on line and purchased the insurance on line as well. So easy and quick.
Date published: 2022-09-29
Rated 4 out of 5 by from Good experience. Already insured with Terri Scheer for another property,
Date published: 2022-09-26
Rated 5 out of 5 by from Very simple and easy Landlord Insurance This was a very simple process to set up insurance for our holiday rental
Date published: 2022-09-13
Rated 5 out of 5 by from Great Terri Scheer Holiday Rental Insurance Excellent insurance for my holiday rental apartment.
Date published: 2022-09-05
Rated 5 out of 5 by from Tenant insurance Company recommended by our Real Estate Agent. I have just bought the Short term Rental Policy so reliant upon recommendations that it will be a good experience.
Date published: 2022-09-02
Rated 4 out of 5 by from Could be a bit better user friendly We have an apartment that is managed by a hotel group so getting the renewal to the hotel manager is a bit difficult to specify when completing the application. Still not sure that we have achieved that process correctly.
Date published: 2022-09-01
Rated 5 out of 5 by from great insurance i'm happy i bought it.00000000000000000000000000000
Date published: 2022-08-24
Rated 5 out of 5 by from Simple and Cost Effective Had some outrageous quotes for the same thin that Terri Sheer offered. Very happy with the simplicity and price
Date published: 2022-08-21
Rated 5 out of 5 by from Easy process First time customer, easy process, competitive rates
Date published: 2022-08-03
Rated 4 out of 5 by from GREAT INSURANCE PRODUCT A NEED TO HAVE PRODUCT THAT WAS EASY TO ARRANGE AND PAY FOR.
Date published: 2022-07-27
Rated 5 out of 5 by from Fantastic website Very good value compared to other insurance companies
Date published: 2022-07-22
Rated 5 out of 5 by from Easy understand insurance Level of detail provided about insurance cover made it easy to select correct policy for my requirements, followed by an easy transaction.
Date published: 2022-07-07
Rated 5 out of 5 by from perfect insurance for my needs this product suits me to the ground, and is highly competitive
Date published: 2022-07-06
Rated 5 out of 5 by from I always use Terri Scheer I've had 3 rental properties before and I have always used Terri Scheer. Now that I have a short term rental, they are the only company I trust. It is very easy to get cover and they have the best features for landlords.
Date published: 2022-06-30
Rated 4 out of 5 by from Easy to use landlord Insurance deals Previous client, have several properties insured very happy with their service to date
Date published: 2022-06-29
Rated 5 out of 5 by from Easy & helpful staff support Ideal product for my requirement. Includes all required covers.
Date published: 2022-06-24
Rated 5 out of 5 by from Excellent Insurance Product I have now purchased Terri Scheer insurance for a number of investment properties, including for short term holiday rental. Purchase was easy and minimal requirement for unnecessary information. Good value for rental property insurance.
Date published: 2022-06-23
Rated 5 out of 5 by from Great EOFY offer i just bought have 5% online plus cover for 15 months
Date published: 2022-06-21
Rated 5 out of 5 by from Great product Website was very easy to use. The policy met our requirements.
Date published: 2022-06-15
Rated 5 out of 5 by from Great product...definite value for money It is fantastic to find a company who will insure holiday accommodation short stay. The coverage is unbeatable to others I inquired with. Had it all done online in seconds too!
Date published: 2022-06-07
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