Renting out part of your home short-term?
Such as a bedroom or a self-contained unit/area?
If you have a part of your property that you sometimes rent out short-term whilst you are not using it yourself, renting out part of your home means you need the right insurance to protect your entire property, rental income, and liability to any guests.
What counts as short-term renting, for insurance?
Short-term renting is lets of up to 90 days per guest stay. This could be via platforms like Airbnb or other short-term rental arrangements. When the space isn’t being rented, you or your friends and family use it.
Does this match your situation?
- The area (unit/bedroom) is used for short-term lets between your own use.
- This could be an occasional Airbnb, but;
- You must use the area yourself (or friends and family do) between paying guests
What insurance do you need?
For this setup, you’ll only need one insurance policy that covers your home and the short-term rental use. This is called an own home, partially rented policy, and it provides cover for both your personal use and rental activities.
Own Home, Partially Rented insurance
What does this policy cover?
Having the right policy means you’re covered for:
- Your home – Protection for your home including the area sometimes let.
- Short-term rental risks – Cover for things like accidental damage caused by guests, loss of rents and your liability to guests
- Loss of rent – If a guest cancels or you’re unable to rent the space due to an insured event, you’ll be covered for lost income.
Get covered today
With initio, you can get a quick quote and buy insurance online in minutes, making it easy to ensure your property is fully protected. Getting a quote and buying insurance online with us is easy, but our cover is anything but basic. We offer comprehensive protection to ensure you’re fully covered.
Own Home, Partially Rented insurance
Why is this policy important?
Standard home insurance might not cover short-term renting, leaving you exposed to potential financial risks. A policy designed for partial rental use ensures you’re protected, whether you’re welcoming guests or enjoying the space yourself.
Need help? If you’re unsure about what policies are right for your situation, contact us to make sure you’re fully protected.
Get covered today with initio – Quick quotes, easy online cover.
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