Many sharing economy platforms like Airbnb, Stayz, TripAdvisor, FlipKey, Booking.com, HomeAway and L’Abode, enable you to rent your space for as little as one or two nights. Longer-term rentals – for weeks or months – are also possible on some platforms. To get more information about the minimum and maximum duration you can rent you property for these platforms, visit their websites.
It’s important to note that whenever you rent your property on a recognised sharing economy platform – whether it’s for one night, the weekend, or for a whole month – your existing home and contents or landlord insurance may not provide cover for instances of property damage or loss, since you’re using your property for a commercial purpose. So, even if you only rent your property out on Airbnb, Stayz, and TripAdvisor for a couple of nights and year, you might be unprotected from damage or loss arising from a guest act or omission during their stay.
ShareCover offers insurance for those renting their space on recognised platforms for stays as short as 1 night or as long as 12 months.
ShareCover is issued by Insurance Australia Limited ABN 11 000 016 722 AFS Licence No. 227681 trading as ShareCover Enterprises. When making decisions about a product, always read the Product Disclosure Statement (PDS). For home policies, please also read our Key Fact Sheets (KFS) for buildings and contents which set out some of the events/risks covered and not covered by our home policies and other information you should consider. These sheets do not provide a complete statement of the cover offered, exclusions, conditions and limits that apply under the policies. You should carefully read the Product Disclosure Statement (PDS) and all policy documentation for more details.
To help you make an informed choice on insurance visit the Australian Government website: www.moneysmart.gov.au
ShareCover Enterprises is owned by Insurance Australia Limited and is not related to either Airbnb, Bolt, Booking.com, DiDi, OLA, Shebah, Spacer, Stayz and Uber. References to these platforms on this website do not constitute an endorsement by these platforms of ShareCover nor an endorsement of these platforms by ShareCover; nor IAG being partnered with these platforms.