Short-Stay Accommodation Insurance
Cover for property owners renting out furnished accommodation for short stays, including serviced accommodation, holiday lets, and Airbnbs.
Running a short stay business means allowing a high turnover of mostly unvetted, short-term “tenants / guests” to use a property, which presents a risk to your client, and their business. Short-stay insurance protects your client's liabilities as a landlord, their property, and their income.
Key product features
Buildings
Cover for rebuild or repair to the property following an insured event (fires, storm, malicious damage etc).
Contents
Cover for loss or damage to contents and guests' possessions within your client's properties.
Leisure facilities
Cover can be considered, if required, for leisure facilities such as hot tubs, saunas, swimming pools, and gyms.
Unoccupancy
Properties are covered while unoccupied for a minimum of 45 days per year (longer periods are available).
Theft or damage by guests
Cover for theft and intentional damage to the building and contents by guests. Pet damage cover can be included as an optional extra.
Legal expenses
Optional cover for legal expenses which provides advice and legal action on a dispute relating to your client's property.
Business interruption
Cover for loss of income due to buildings and/or contents damage covered by the policy. Loss of income is based on estimated annual turnover and takes into account seasonal fluctuations.
Accidental damage
Cover for damage to the property and contents caused by a sudden and unforeseen event. This is either included or an optional extra depending on the insurer.
Employers' and public liability
£10m cover for liability to employees for illness or injury sustained in the course of working for your client in relation to your serviced accommodation. £5m cover for liability to tenants, guests, and third parties for injury, illness, or damage to their property arising as a result of your client's business activities.