What is short term insurance

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The benefits included in your policy would differ from insurer to insurer and policy to policy

What is short term insurance

Short term insurance is insurance that you can purchase for a short period of time. This means it is temporary insurance for many things including but not limited to: car, property, household, travel. Medical, personal liability, travel and business insurance. You take out this type of insurance for the period you need it – after that period you cancel it. For example, you will buy car insurance once you buy the car, but the moment you sell that car you will not need the insurance anymore.

Policy benefits

The benefits included in your policy would differ from insurer to insurer and policy to policy, so always be sure to look and compare the policy benefits so you make an informed decision when buying short term insurance.

Monthly or annually

You can buy short term insurance in two different ways: monthly or annually. Monthly, in general, works out a bit more expensive over the year but it’s more affordable as you do not need to pay a once-off lump sum like you do with buying short term insurance annually.

Peace of mind

The moment you trade-in your car or sell your house you can cancel your insurance policy. You okay your monthly or yearly premiums and in return you get financial cover. This means your insurer gives you peace of mind that you will not have to feel the loss of your possessions should something happen to it.

Maintenance and services of your vehicle

While short term insurance would protect your car against most types of accidents it doesn’t look after the maintenance and services of your vehicle. Your insurance would also not cover vehicle breakdowns and wear and tear on your tyres – this will all be for your own account.

It could be helpful to talk to your short term car insurance broker and to check your car insurance policy to see if car hire is induced in your policy, should your car go in for repair work after an accident and whether or not your policy gives you complimentary emergency support services.

While you only keep the policy for the time you need you can claim from the policy anytime. Short term insurance is important as it protects your possessions. To receive excellent cover be sure to compare insurance providers using Compare Insurance. You can quickly and easily compare premiums and benefits of numerous policies from a range of reputable insurers.

In this article


Policy benefits

Monthly or annually

Peace of mind

Maintenance and services of your vehicle

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