Short Term Lets Insurance for Landlords

Are short term lets and holiday property insurance the same thing?

You ought to buy holiday insurance from aa trusted supplier if you want to insure your holiday home. Holiday homes insurance gives coverage to all buildings which may be unoccupied for longer than thirty days.

On the other hand, short term let insurance does not necessarily apply to a holiday home. For example, you could let part of your property to a foreign exchange student for 6 weeks.

Can you rent a property for 3 months?

Yes, as a tenant you can let a property for three months. The only issue lies with finding a landlord who has short term let insurance so that you can safely do this. Many landlords in England and Wales prefer the six month letting term. Some even work off a year or more. Ask any potential landlord about the length of their tenancy agreements before you move in.

Why do you need special insurance for a short term let?

Moving things around in the house is when they most likely receive damages. If you are frequently moving people in and out of the home, you run the risk of doing more damage than you might incur from a long term rental.

There are several unknown factors at play, too. You have less time to vet and check tenants. Short term lets insurance even covers you against tenants who leave without paying their bills.

Can you rent your house out short term?

There is nothing wrong with renting a room or your whole property out short term. The only issue is that your standard insurance policy insures you, not the guest. In this case, you will need to purchase short term lets insurance to make sure you are protected from tenant damages. Any time you become a landlord; you need to re-examine your home insurance policy.

Other Types of Insurance a Short Term Let Landlord Might Need?

At Falcon Insurance, we provide tailored insurance packages for property owners, business owners, and drivers. Should you require other types of landlord insurance, you can come to us for:

• You may wish to insure a property you purchased at auction
• You may wish landlord insurance for asylum seeking tenants
• You might seek professional indemnity insurance when dealing with commercial property

Where to buy short term lets insurance in the UK?

You can buy short term let insurance from our experts here at Falcon Insurance. Call our team on 0121 679 7265 today or seek out a fast, free quote online.