What is Holiday Home & Short Stay Property Insurance?
Benefits
Summary of expenses and circumstances covered under the policy. Please refer to the PDS for a full breakdown and details of cover.
Description
Coverage (up to)
Loss of Rent
52 weeks rent, maximum $50,000
Loss of rent is subject to an underinsurance clause. If your annual rent exceeds the maximum $ limits,
this policy may not be suitable. Please reach out to our friendly team to find out more.
Untenantable due to Death of a Tenant
12 weeks, maximum $50,000
Failure to Vacate
26 weeks, maximum $50,000
Loss, Damage & Theft
Sum Insured
Oil Leakage from Heater
$60,000
Tax Audit
$5,000
Contents
Up to $60,000
Locks & Keys
$1,000
Garbage Removal
$500
Electric Motor Burnout
Motor replacement up to 15 years
Excess Waiver for Total Loss
Excess shown on your schedule
Legal Liability Cover
$20,000,000
Legal liabilities can arise unexpectedly, which is why our policy offers up to $20 million in coverage to protect you against injury or property damage claims. If a tenant or visitor is injured on your property, this coverage helps with legal defence costs and any compensation that may be required.
Beyond personal injuries, we also cover damages caused by tenants or their guests, along with legal expenses of up to $7,500 if a tenant dispute escalates to court. This ensures that you won’t have to bear the financial burden of legal proceedings on your own.
Excess
The excess is the amount you must contribute towards a claim before the remaining approved costs can be paid.