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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 189.
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
Rated 5 out of 5 by from So Easy Simple to fill in form. Self explanatory. Done and paid for in under ten minutes.
Date published: 2022-06-04
Rated 5 out of 5 by from Very easy to work through Product is perfect for dwelling. Glad I picked it.
Date published: 2022-05-16
Rated 5 out of 5 by from Landlord Insurance This is the clearest and most efficient website and quote was fair
Date published: 2022-05-11
Rated 5 out of 5 by from THE EASY WAY TO GET QUALITY INSURANCE Trying to find landlord insurance for a holiday rental was frustrating because none of the big insurers wanted any part of it. Terri Scheer made it so easy to source the right insurance at the right price.
Date published: 2022-05-01
Rated 5 out of 5 by from Easy As Simple to use website and helpful staff on the end of the phone
Date published: 2022-04-28
Rated 5 out of 5 by from Easy clear application form I am pleased with ease of application and required information
Date published: 2022-04-24
Rated 5 out of 5 by from An easy process to purchase a Policy It was a very easy process to purchase a Policy that offers the cover we required at a reasonable price. The website is clear and precise and easy to navigate
Date published: 2022-04-22
Rated 4 out of 5 by from Convenient I bought this policy to support short term stays and room letting
Date published: 2022-04-13
Rated 5 out of 5 by from Super easy quotes and value for money. This second time I have used them because we were very satisfied with their service previously.
Date published: 2022-04-10
Rated 4 out of 5 by from Great Insurance Product This is my third policy. I have cancelled other cover as I believe the Terri Scheer policy is the best.
Date published: 2022-04-06
Rated 4 out of 5 by from Right product Just bought it...Did it on internet. Quick and easy.
Date published: 2022-04-04
Rated 5 out of 5 by from Such a great process My previous insurer advised they will not be operating this type of insurance cover just 2 weeks before the policy expired. Your made it so easy to apply and easy to use. Thank you
Date published: 2022-04-03
Rated 5 out of 5 by from Too easy Getting a quote and buying the policy online was so easy to do.
Date published: 2022-03-22
Rated 5 out of 5 by from Excellent product I have just purchased, I'm sure it will suit my needs
Date published: 2022-03-18
Rated 5 out of 5 by from Easy insurance Terri Scheer insurance was very easy and fast to organise.
Date published: 2022-03-17
Rated 5 out of 5 by from Great Insurance and Terrific Value for Money Just purchased this policy and yet to see how it goes but i am super confident it will serve our purposes and requirements superbly.
Date published: 2022-03-17
Rated 5 out of 5 by from Very Good Landlord Policy When compared with others in the sector, this is the best Landlord policy, at the most affordable price. Incidentally my claim was processed so smoothly
Date published: 2022-03-10
Rated 5 out of 5 by from Great insurance product Easy to deal with. Easy online form . I have used Terri Scheer before.
Date published: 2022-03-09
Rated 5 out of 5 by from Reputable Insurance company Have other properties on the Gold Coast Insured with TS and very easy to deal with.
Date published: 2022-03-08
Rated 4 out of 5 by from New insurance Excellent thus far!! Yyyyyyyyyyyyyyyyyyyyyyyyyyyyy
Date published: 2022-03-05
Rated 5 out of 5 by from Quick process, great price! A great product, designed to cover short stay holiday rentals Great price and easy to organise.
Date published: 2022-03-04
Rated 5 out of 5 by from Great insurance product I tried to obtain this type of insurance and tried other insurance companies, but without success.
Date published: 2022-03-01
Rated 4 out of 5 by from quote process online data entry address of property field: entered the address 15 times and have to eventually go back a step. Payment screen: details entered 4 times before the system would accept the 'same card'. Very frustrating and nearly moved on to the next company because of the above.
Date published: 2022-02-24
Rated 5 out of 5 by from Simple Insurance Bought this insurance online for 4 units in under 1/2 hour. Simple yet appropriate cover for holiday rentals
Date published: 2022-02-22
Rated 5 out of 5 by from Logical landlord insurance I have just purchased my third policy , and so pleased to receive loyalty discount!
Date published: 2022-02-22
Rated 3 out of 5 by from Easy to Buy Specifically I liked that they have a Short Term Stay policy for the landlord
Date published: 2022-02-11
Rated 5 out of 5 by from Great experience I've just pruchased the cover. It was so easy I had to ring the customer service to make sure I hadn't missed anything. Customer service was great, product is easy to find and pruchase.
Date published: 2022-01-24
Rated 5 out of 5 by from Great Cover The policy appears to cover all our needs and anyone who is renting the unit.
Date published: 2021-12-30
Rated 5 out of 5 by from Great Insurance Very Happy with this purchase. Recommend to anyone for insurance
Date published: 2021-12-28
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