Holiday rental insurance

Holiday Rental Insurance

Our Landlord insurance for holiday rentals covers your property so you can focus on keeping your guests happy – rain, hail or shine.
Start a quote for cover that’s a bit more you-shaped.

Start a quote

AWARD-WINNING INSURANCECanstar Most Satisfied Customers

Canstar Most Satisfied Customers - Home Insurance 2024
Youi Trustpilot star rating 4.7/5 Trustpilot Logo

Why choose Youi holiday rental insurance?

Quality insurance for holiday rentals isn’t just about the price. It’s also about the inclusions and optional extras that might make it the right fit for you.

Friendly looking woman wearing a telephone headset.

Help when you need it

The unexpected can strike at any time. We’re here 24/7 to take your call if you need to lodge a claim.

Furnishings cover

Furnishings cover

If you’ve told us you’re a landlord and you have buildings cover with us, your furnishings are covered up to $10,000 after excess if they’re damaged during an insured event.1

View PDS
Breakages

Breakages

We’ll cover accidental broken glass or ceramics up to a value of 10% of the amount of your sum insured after excess.2

Make a claim

Who is holiday rental insurance for?

Our Landlord insurance for holiday rentals is designed to help all kinds of holiday landlords cover their assets.

Start a quote
  • You rent out your holiday home full time
  • You specialise in short-stay rentals
  • Your holiday home is listed for rent on a booking platform
  • You rent out your holiday rental property through an agent
  • You only rent out your holiday home occasionally, when you’re not using it

What does our holiday rental insurance include?

For the guests who stay a few days to those who linger a little longer, our long- and short-term holiday rental insurance inclusions might help cover your holiday home.

Theft

Cover for loss or damage to your holiday home caused by theft, attempted theft or burglary.2

Fire

Protection for damage or loss to your holiday home caused by accidental fire or bushfire, including soot and smoke.3

Legal Liability

Cover up to $20million for each claim for your legal liability arising from an accident that results in death, bodily injury or damage to someone else’s property.4

Intentional Damage

Loss or damage to the insured property that is caused intentionally by anyone not renting or invited onto the premises is automatically covered.2

Locks and Keys

We’ll pay up to $1,000 after excess for replacement keys and locks if the keys to your holiday home are stolen.2

Storm

We’ll cover your building against loss or damage caused by storm, including lightning, wind, hail and snow.3

Landlord’s Loss of Rent

If your holiday home isn’t safe to be rented after an insured event and a claim has been paid by us, we’ll cover your loss of reasonable rent for up to 10% of the buildings’ sum insured, up to a maximum of 12 months.2

Flood

Flood cover is included as standard with your holiday rental insurance policy.3

Earthquake

Cover for loss or damage to the holiday home caused by earthquake.5

Explosion

Cover for loss or damage to your holiday home caused by an accidental explosion.2

Riot

Loss or damage caused by riot or civil commotion is covered as standard.2

Escaping Water

We’ll cover your holiday home for loss or damage caused by escaping water - such as a burst pipe – that occurs suddenly without warning or slowly over time and you weren’t reasonably aware of it.6

Impact

You’re covered if your insured property is damaged due to impact such as falling branches, trees and power poles.2

Emergency Repairs

Cover for the reasonable cost of emergency repairs to make the building safe and secure and prevent further loss or damage when a claim is accepted under your buildings policy.7

Clean up and Professional Fees

Up to 20% of the building sum insured to pay any associated clean up and related professional fees for an engineer, architect or surveyor when a claim is accepted.8

Burnout of Electric Motors

We’ll pay the reasonable cost – up to $1,000 after excess – of repairing or replacing burnt out electric motors caused by mechanical, electrical or electronic failure.2

Counselling Services

Need mental health services? Youi covers up to $1,500 per household member for counselling sessions after an approved claim.2

Cover for loss or damage to your holiday home caused by theft, attempted theft or burglary.2

Protection for damage or loss to your holiday home caused by accidental fire or bushfire, including soot and smoke.3

Cover up to $20million for each claim for your legal liability arising from an accident that results in death, bodily injury or damage to someone else’s property.4

Loss or damage to the insured property that is caused intentionally by anyone not renting or invited onto the premises is automatically covered.2

We’ll pay up to $1,000 after excess for replacement keys and locks if the keys to your holiday home are stolen.2

We’ll cover your building against loss or damage caused by storm, including lightning, wind, hail and snow.3

If your holiday home isn’t safe to be rented after an insured event and a claim has been paid by us, we’ll cover your loss of reasonable rent for up to 10% of the buildings’ sum insured, up to a maximum of 12 months.2

Flood cover is included as standard with your holiday rental insurance policy.3

Cover for loss or damage to the holiday home caused by earthquake.5

Cover for loss or damage to your holiday home caused by an accidental explosion.2

Loss or damage caused by riot or civil commotion is covered as standard.2

We’ll cover your holiday home for loss or damage caused by escaping water - such as a burst pipe – that occurs suddenly without warning or slowly over time and you weren’t reasonably aware of it.6

You’re covered if your insured property is damaged due to impact such as falling branches, trees and power poles.2

Cover for the reasonable cost of emergency repairs to make the building safe and secure and prevent further loss or damage when a claim is accepted under your buildings policy.7

Up to 20% of the building sum insured to pay any associated clean up and related professional fees for an engineer, architect or surveyor when a claim is accepted.8

We’ll pay the reasonable cost – up to $1,000 after excess – of repairing or replacing burnt out electric motors caused by mechanical, electrical or electronic failure.2

Need mental health services? Youi covers up to $1,500 per household member for counselling sessions after an approved claim.2

A family reading outside in front of the fire

You-shaped insurance for your holiday rental

It’s your job to rent out your holiday home and ours to provide you with the options and information you need to choose the holiday rental insurance that’s right for you. Give us a call or get started online.

Start a quote

Holiday rental insurance FAQs

Got questions about insurance for holiday rentals? We answer some FAQs here. 

(You’ll find more answers on our home insurance page.)

Landlord insurance can cover short-stay rentals. It potentially offers some financial protection against incidents that may arise during a guest’s stay such as fire, storm, flood3 and legal liability.4 It’s essential to check the specifics of your policy as there are some responsibilities you need to observe in relation to informing us about using the property for short-stay rentals, taking reasonable care with selection of guests, and completing regular property inspections. See the PDS for full details.

To insure your holiday rental, you’ll need to consider what kind of coverage you need and what you want to cover your asset from. The team at Youi is available to answer your questions and help you choose the right policy for your property and rental needs.

Our Landlord insurance doesn't cover damage caused by tenants for short-term rental properties i.e. holiday rentals. See the PDS for full policy details.

Even if you only rent out your holiday rental property occasionally, having landlord insurance might protect you from unexpected situations including damage from insured events.2

When considering any insurance policy, you might want to carefully check the inclusions and read the PDS to ensure it provides the coverage that you need. The Insurance Council of Australia has warned that host protection insurance provided by rental platforms may not cover all the potential damages you expect.9

When you insure your holiday rental property, the amount you may consider covering it for is based on the total rebuilding cost. This includes fixtures, fittings, and any upgrades you’ve made. Be sure to estimate how much it would cost to replace your building at today’s prices and consider any current building codes and regulations. Remember, the value of the land isn’t included in this coverage, so focus on the structure itself.

Relax, it's a holiday home!

Your holiday rental is a getaway for guests and a potential investment for you. Youi holiday rental landlord insurance covers your insured property for most extreme weather events like storms and floods3 and any furniture and furnishings you provide up to $10,000 after excess.1 Plus, if an insured event means your place can’t be rented out, we’ll cover up to 10% of the building’s sum insured for reasonable lost rental income, for up to 12 months, once your claim is approved.2 While you work at making your holiday home a worry-free escape for guests, we’re here to help make it a worry-free zone for you.

PDS / Compare Products / Key Fact Sheet

Guides

Here’s a collection of articles to guide you in choosing insurance for your holiday rental to fit your needs.

Disclaimers

1 Exclusions and limits apply. This cover does not apply if you have contents cover with us for the same premises. See the PDS for full details.
2 Limitations and exclusions may apply. See the PDS for full details.
3 Exclusions and limits may apply. Where you have increased your cover or reduced your excess within 72 hours of a flood, storm, hail or bushfire occurring, cover will be limited to the amount that was effective prior to the change. Loss, damage or legal liability caused by, resulting or arising from flood, storm, hail or bushfire during the first 72 hours of your policy first being purchased is excluded unless certain conditions apply. See the PDS, TMD and your policy schedule for full details.
4 Legal liability cover under your building policy includes your legal liability arising from an accident that occurs at the insured premises during the term of the policy and if the accident arises in connection with you owning the premises. Limits and exclusions apply. See the PDS for full details.
5 Limitations and exclusions apply and there are waiting periods or additional fees for certain types of cover. Full details are in the PDS and TMD, which we recommend you consider before making any decisions regarding our products.
6 Cover available for loss or damage to the insured property caused by escaping water that occurred suddenly and without warning, or slowly over a period of time and you could not reasonably have been aware of it. Exclusions apply. See the PDS for full details.
7 Where a claim is accepted under your building policy, we will cover the cost of temporary emergency repairs needed to prevent further loss or damage and make your buildings safe and secure. See the PDS for full details.
8 We will cover the cost of demolishing and removing buildings debris from the premises, and related professional fees for an engineer, architect or surveyor when a claim is accepted, up to 20% of the building sum insured. See the PDS for full details.
9 Source: Insurance Council of Australia – Short-term rental insurance: essential for holiday homeowners, November 2023