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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 new policies and renewal policies commenced or renewed on or after 29 March 2021.

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
Up to $2,000 per claim 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
The most we will pay for this insured event under ’Section 2: Contents’ and ’Section 3: Building (tenant damage)’ combined is $2,500 during any one period of insurance.
Riot, civil commotion or public disturbance
Scorching
The most we will pay for this insured event under ’Section 2: Contents’ and ’Section 3: Building (tenant damage)’ combined is $1,000 during any one period of insurance.
Storm or rainwater
Tenant Damage

Building

Show Detail
Insured Events
Sub-limit
Pet damage
The most we will pay for this insured event under ’Section 2: Contents’ and ’Section 3: Building (tenant damage)’ combined is $2,500 during any one period of insurance.
Scorching
The most we will pay for this insured event under ’Section 2: Contents’ and ’Section 3: Building (tenant damage)’ combined is $1,000 during any one period of insurance.
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

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 $2,500 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
Up to $2,000 per claim
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 $2,500 per period of insurance (Combined with Building damage)
Scorching
Up to $1,000 per year (Combined with Contents damage)

Other

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

This content applies to new policies and renewal policies commenced or renewed on or after 29 March 2021.

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 153.
Rated 5 out of 5 by from Easy to insure Insured my rental property today. Easy to do this online
Date published: 2023-04-03
Rated 5 out of 5 by from The product is exactly what I required I have just purchased this product for the first time and the product looks to cover all my needs.
Date published: 2023-03-27
Rated 5 out of 5 by from great online service easy online service tried a few this was the easiest to quote and buy
Date published: 2023-03-20
Rated 5 out of 5 by from Easy transaction Great and quick telephone response, simple form to complete.
Date published: 2023-03-06
Rated 4 out of 5 by from Great Just bought it. Easy process. Very comprehensive and easy to understand
Date published: 2023-03-03
Rated 5 out of 5 by from Great product, exactly what I wanted Great value for money. After reading many reviews on different insurance companies, Terri Sheer stood out by far.
Date published: 2023-02-21
Rated 5 out of 5 by from Great system Have just purchased this policy and is exactly what I needed.
Date published: 2023-02-16
Rated 5 out of 5 by from Fast and easy Thank you for creating a streamline process for holiday rental insurance.
Date published: 2023-02-07
Rated 5 out of 5 by from Landlord's Insurance Brand new policy for me at very competitive premium
Date published: 2023-02-01
Rated 5 out of 5 by from Good value for Money. Compared to others, this product appears to provide all the benefits without doubling up on our existing House and Contents policy
Date published: 2023-01-31
Rated 5 out of 5 by from landlord easy to applies to set up. very good value easy to applies to set up. very good value easy to applies to set up. very good value
Date published: 2023-01-27
Rated 5 out of 5 by from Good product good cover Great reputation for cover, i like the ease at which you can quickly buy online
Date published: 2023-01-25
Rated 5 out of 5 by from A very good prodoct I bought multiple policies for units and I have been with the company for a long time.
Date published: 2023-01-11
Rated 5 out of 5 by from Good online experience it was straight forward and easy to purchase holiday rental unit insurance policy
Date published: 2023-01-10
Rated 2 out of 5 by from Compulsory review Review is compulsory to complete the insurance application. I Haven't used the product yet to review. The application so far is easy.
Date published: 2023-01-09
Rated 5 out of 5 by from Simple, easy process Just signed up as it was urgent and on the day someone booked our holiday home. Took no time at all and very happy with cost.
Date published: 2023-01-06
Rated 5 out of 5 by from Well structured insurance product Well structured insurance product, easy to apply, no nonsense policy
Date published: 2022-12-29
Rated 5 out of 5 by from Excellent Service I bought 3 policies. Took me less than ten minutes to complete each purchase.
Date published: 2022-12-24
Rated 5 out of 5 by from EASY TO DO.. EASY to do for a computer dummy....Nice and easy to set up .
Date published: 2022-12-23
Rated 5 out of 5 by from Great Insurance Policy Have insurance with Terri Scheer already and happy to use them again with our second property.
Date published: 2022-12-17
Rated 5 out of 5 by from I hope you make me comfortable with this poly Happy to work with you hope to have a year of no problems with yours
Date published: 2022-12-12
Rated 5 out of 5 by from great insurance product I was so impressed with ease of applying for the quote and the help given by staff
Date published: 2022-11-22
Rated 5 out of 5 by from Good product Very happy for choosing this product. Highly recommend
Date published: 2022-11-22
Rated 5 out of 5 by from Very Good Very Good ,short questions, easy to understand, good value for the buck
Date published: 2022-11-13
Rated 4 out of 5 by from Exp date I wish i could choose my own expire date so that i could match this policy with the common due date of all of my other insurance picies.
Date published: 2022-11-10
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
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