By law and under the mandatory Code of Conduct for the Short-term Rental Accommodation Industry, owners of a holiday rental property must have appropriate insurance in place.
The code of conduct mandates insurance for injury or death at your property but we suggest a policy that covers all of the following:
- building and contents
- public liability of $20m
- accidental damage
- malicious damage
- loss of rental income
Please be sure also that your policy specifically covers holiday rentals, and that it is not limited to permenat rentals only. This is an extremely important point to check with your insurer or broker.
The Holidays Collection can recommend the following insurers as a starting point for finding a suitable policy: