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Short Term Insurance

Protecting what you’ve worked hard to build doesn’t have to mean locking away your lifestyle. Short term insurance exists to help you recover quickly from everyday setbacks—without draining your savings or derailing your financial progress.

From a cracked windscreen to a house fire, short term insurance provides financial cover for specific, often unpredictable events. Unlike long-term cover such as life insurance or retirement products, short-term policies are renewed annually and are tailored to meet the risks you face in the near term. Whether you're safeguarding your home, your possessions, or your liability in a personal accident, this type of cover plays a practical, essential role in any sound financial plan.

What is Short Term Insurance?

Short term insurance refers to policies designed to provide financial protection for tangible assets and liabilities over a limited period—typically 12 months, with the option to renew. It covers the kind of risks that can happen unexpectedly and have immediate financial consequences, such as theft, accidents, fire, or natural disasters.

These policies aren’t about long-term wealth building—they’re about keeping you financially stable when life throws something your way. Whether it’s damage to your car, a burglary at home, or a personal liability claim, short term insurance allows you to recover without tapping into savings or falling into debt.

It’s also flexible. Cover can be adjusted as your circumstances change—whether that means adding a new vehicle, updating your household inventory, or modifying your liability limits.

Types of Short-Term Insurance and What They Cover

Short term insurance is generally structured around three core categories—property, motor, and personal protection. Within each category, specific policies offer targeted protection depending on your lifestyle, responsibilities, and risk exposure.

Property Insurance

These policies protect the physical contents and structure of your home, whether owned or rented.

  • Household Contents Insurance - Covers the moveable items in your home—furniture, appliances, clothing, electronics, and valuables—against loss, theft, fire, and accidental damage.
  • Houseowner’s Insurance - Also known as building insurance, this policy covers the physical structure of your home, including outbuildings, walls, pools, and fixtures, against events like storms, floods, fire, and subsidence.
  • All Risks Insurance - Extends protection beyond your home, covering portable valuables like laptops, cellphones, jewelry, and cameras against loss, theft, or damage anywhere in the world. This is especially useful for high-value items that travel with you.

Motor and Watercraft Insurance

Protecting vehicles and vessels against a wide range of common risks on the road and water.

  • Vehicle Insurance - Covers your car, motorbike, or commercial vehicle for damage, theft, and third-party liability. Options range from basic third-party only to comprehensive policies that cover repairs, write-offs, and even windscreen damage.
  • Watercraft Insurance - Provides cover for boats, jet skis, and other watercraft, both in storage and in use. Includes protection against collision, theft, sinking, and liability claims from third parties.

Personal Protection

This group of policies addresses risks that affect you directly—physically or financially.

  • Personal Liability Insurance - Offers protection if you are legally responsible for accidental injury to someone else or damage to their property. This cover can prevent significant financial fallout from everyday mishaps.
  • Personal Accident Insurance - Pays out a lump sum in the event of death, disability, or serious injury resulting from an accident. This type of cover supports your family or dependents in the event that you’re no longer able to earn an income or care for them.

Why Short Term Insurance Matters in a Financial Plan

Short term insurance plays a vital, often overlooked role in maintaining financial stability. While long-term products like retirement funds and investments help you build wealth, short term cover ensures that your progress isn’t undone by unexpected events.

Without the right protection in place, a single incident—like a burglary, a car accident, or an accidental injury—can drain savings, interrupt income, or lead to unexpected debt. These are risks that don’t just impact your day-to-day life—they ripple through your broader financial plan.

Including short term insurance as part of your overall financial strategy protects the foundation you've worked hard to build. It offers more than just cover for items or assets—it preserves liquidity, supports continuity, and reduces financial stress during difficult times. When paired with the right advice and structure, short term insurance becomes a practical tool for financial resilience.

Olemera Financial Services – Short Term Insurance Advice You Can Rely On

Short term insurance should protect what matters without wasting money on what doesn’t. Olemera helps individuals and families choose policies that match their actual risks—no more, no less.

We work with you to ensure your home, vehicle, valuables, and liabilities are covered correctly, without hidden gaps or unnecessary extras. Straightforward advice. Practical solutions. Reliable cover when you need it.