You’ll still need short term rental insurance to cover your property and contents. Marsh insurance brokers can help curate an insurance package that meets your needs.
About holiday home contents insurance
Short term rental insurance is an insurance package designed to protect the property and contents of a bach, holiday home or apartment that’s rented out on a short-term basis to guests.
If you own a furnished house, unit or apartment that’s rented out short-term through a letting pool such as Airbnb or Book a Bach, ordinary home and contents insurance is unlikely to cover your unique risks and needs.
How often your property is used as a holiday home (for example, occasionally or full-time) can impact your insurance needs too. As a general rule, if your property is used more often than not as a short-term rental, it could benefit from a commercial short term rental insurance policy.
Marsh has a highly experienced and specialist team that works with New Zealand’s leading insurers to access policies covering the unique needs of holiday homeowners. Our team can craft a bespoke insurance package to safeguard your valuable assets, ranging from basic contents cover to premium solutions.
What is covered by short-term rental insurance?
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- What’s covered
- What’s not covered
Key product highlights
Short term rental insurance example
Claire owns a holiday home in Wānaka. She rents it out through a letting agency for most of the year and has a commercial insurance policy package in place.
In mid-winter, a short term rental guest in Claire’s holiday home decides to use the log burner. A burning log rolls onto the rug causing a fire. This causes smoke damage to the walls, curtains and the sofa. Claire’s holiday home and contents insurance covers the cost of fixing or replacing the rug, sofa and curtains and could possibly provide loss of income payments while the property is being repaired.
This case study is fictional and does not represent any real-life individuals, events or organisations.
Why Marsh?
Why should you choose Marsh to arrange your insurance solutions?
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Frequently asked questions
If you regularly rent out your property on a short term basis with the intent to make money, our brokers can help put together a commercial insurance package to protect your property and its contents.
Marsh Limited (NZBN 9429040918792)(“Marsh”) arranges the insurance and is not the insurer. This page contains general information and does not take into account your individual objectives, financial situation or needs. For full details of the terms, conditions and limitations of the covers, refer to the specific policy wordings and/or Product Disclosure Statements available from Marsh on request. This publication is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Marsh shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein. Marsh makes no representation or warranty concerning the application of policy wordings or the financial condition or solvency of insurers or re-insurers. Marsh makes no assurances regarding the availability, cost, or terms of insurance coverage.
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