What is serviced accommodation?

Serviced accommodation is typically described as a furnished property (or room), which has additional amenities such as housekeeping, which is let out on a nightly or short-term basis. Properties listed on Ainbnb and Vrbo are often types of serviced accommodation. To provide additional amenities you may also have additional staff and employees to look after your guests, which you may not have if you were letting your property to a tenant on a traditional Assured Shorthold Tenancy.

Does standard home insurance cover serviced accommodation?

For the vast majority of cases no, but on occasion there may be a small element of cover for “lodgers”. However, a lot of insurance cover will be restricted, such as theft and malicious damage.

Does landlord insurance cover serviced accommodation?

In most cases there is no cover. This is due to a common stipulation in these policies that there must be an Assured Shorthold Tenancy (AST) agreement in place. When properties/rooms are let by the night it is not possible to have an AST.

Do I need holiday let insurance?

In some instances, holiday let insurance may be better for you if the cover is more appropriate. However, we will take the time to understand your requirements and provide advice and guidance on the right cover.

Will the 90 day rule apply to serviced accommodation?

Landlords in Greater London are only allowed to rent out a property for short-term lets for a maximum of 90 days a year. You can read about the 90 day rule for serviced accommodation in our guide.

Serviced Accommodation Insurance | Property owners insurance

Name: Serviced Accommodation Insurance
Brand: Alan Boswell Group
Rating: 4.8 (11474 reviews)

Running a serviced accommodation business means you're allowing a high turnover of mostly unvetted, short-term "tenants / guests" to use your property, which presents a risk to you, and your business. Serviced accommodation insurance protects your liabilities as a landlord, your property, and the income from your business.

Our unique serviced accommodation cover allows you to switch between different tenancy types without changing your policy, giving you the ease to offer serviced accommodation, ASTs, rent-to-rent, and holiday home accommodation without the hassle of changing your insurance each time.

The Alan Boswell Group Difference

The rise of serviced accommodation and Airbnb style accommodation is a relatively new development. The ease in which properties can be advertised and let on a short-term basis has opened up this part of the property market to many people. Unfortunately, this has inadvertently exposed property owners to new risks and it is important to obtain expert advice.

We also have a landlord advice hub that is full of useful information to help landlords and property owners find the advice and products needed.

How our customers rate us

An amazing experience to have a helpful, polite, and knowledgeable member of staff to assist me.

Mrs Hill - Landlord Insurance

4.8/5 11474 reviews

Our NIG landlord insurance policy is a Which? Best Buy

We take great pride in being recognised for our dedication to providing the best service and comprehensive, tailored cover for our customer's needs. If you are unsure of the type of cover you need, our expert advisers are available to help over the phone.

Serviced accommodation insurance in detail

Our serviced accommodation insurance provides cover for properties that are let out on a short-term basis, and includes cover for holiday rentals, serviced apartments, and properties listed on Airbnb, Vrbo, and booking.com (and other similar sites). Policies cover:

Different types of let

We can arrange cover for different types of let throughout the policy year without the need to change your insurance including; Airbnb, ‘rent-to-rent’, serviced apartments, and holiday rentals.

Employers' liability

£10m cover for liability to employees for illness or injury sustained in the course of working for you in relation to your serviced accommodation.

Buildings

Cover for rebuild or repair to your property following an insured event (fires, storm, malicious damage etc).

Cover for loss or damage to contents and guests' possessions within your properties.

Leisure facilities

Cover can be considered, if required, for leisure facilities such as hot tubs, saunas, swimming pools, and gyms.

Unoccupancy

Your property is covered while unoccupied for a minimum of 45 days per year (longer periods are available).

Theft or damage by guests

Cover for theft and intentional damage to your building and contents by guests.

Legal expenses

Optional cover for legal expenses which provides advice and legal action on a dispute relating to your property.

Business interruption

Cover for your loss of income due to buildings and/or contents damage covered by the policy. Loss of income is based on estimated annual turnover and takes into account seasonal fluctuations.

Accidental damage

Cover for damage to your property and contents caused by a sudden and unforeseen event. For example, a guest accidentally breaking a windowpane or spilling wine on your carpet. This is either included or an optional extra depending on the insurer.

Pet damage

Cover for damage caused by a sudden and unforeseen event to your property and contents caused by a guest's domestic pet. This is either included or an optional extra depending on the insurer.

Public liability

£5m cover for liability to tenants, guests, and third parties for injury, illness, or damage to their property arising as a result of your business activities.