Short-Term Rental Insurance – Now Discontinued
ACS Financial has made the decision to discontinue offering short-term rental insurance to focus on other core financial services. While we no longer provide this coverage, we remain committed to offering expert financial solutions for property owners and businesses.
The Importance of Short-Term Rental Insurance
Renting out your property as a short-term holiday rental can be a great way to generate extra income, but it’s essential to have the right insurance in place. Standard home and contents policies often exclude protection for properties used for short-term rentals, leaving homeowners exposed to risks such as accidental damage, tenant disputes, and loss of rental income.
Short-term rental insurance provided vital protection, ensuring landlords met their legal obligations while offering peace of mind in case of unexpected incidents. Whether your property was listed on Airbnb, Stayz, Short Stays, HomeAway, or HomeStay, having the right coverage was essential.
Optional Extra Cover
For additional protection, our short-term rental insurance offered optional extras, including:
- Accidental Damage by a Tenant – Coverage for unintentional property damage caused by tenants.
- Loss of Rent – Protection if your property became uninhabitable due to an insured event.
- Damage by a Tenant’s Pet – Coverage for losses caused by tenant-owned pets.
Our Process
Although we no longer offer this insurance, our previous process ensured that property owners could secure coverage quickly and efficiently:
- Consultation: Call our team and explain your needs.
- Needs Analysis: We identified potential exposures and risks.
- Quote & Protection: We provided tailored insurance solutions with competitive pricing.
Why Choose ACS Financial?
For over 30 years, ACS Financial has been a trusted provider of insurance, commercial lending, and investment solutions across Australia. Our expertise in the short-term rental industry allowed us to offer tailored insurance coverage designed specifically for holiday rental properties.
- Tailored Coverage: We sourced the best insurance to protect assets and provided clear explanations of all available options.
- Flexible Excess & Payment Options: Clients could choose their level of excess and opt for annual or monthly payment plans.
- Exclusive Access: As brokers, we had access to a wide range of insurance providers unavailable directly to consumers.
FAQs About Short-Term Rental Insurance
1. What is short stay insurance? Short stay insurance provided coverage for homes used as short-term rentals, ensuring protection for both the property and the landlord.
2. What kind of properties were covered? Our insurance applied to short-term rental properties listed on platforms like Airbnb, Stayz, Short Stays, HomeAway, and HomeStay, including detached bungalows or even single rooms within a home.
3. How did short-term landlord insurance work? It was designed to protect landlords from unexpected costs due to tenant-related damage, loss of rental income, or liability issues.
Looking for Alternative Coverage?
Although we no longer provide short-term rental insurance, ACS Financial continues to offer commercial property insurance, professional indemnity insurance, and other financial solutions. If you need assistance finding the right protection for your investment, contact us today for expert advice.
