As the name suggests, short-term insurance typically extends a short time, usually less than one year or a few months. These policies exist to cover gaps in coverage or short-term insurance when needed. However, short-term coverage is very specific, so many applicants don’t qualify. Many types of short-term insurance policies are available, including:
Short-term health insurance. Short-term health insurance policies have changed recently, but it’s important to remember that they virtually never cover preexisting conditions.
Auto insurance. Some drivers purchase temporary insurance policies when they live out of state for an extended time, travel for work, or rent vehicles for travel.
Personal liability insurance. This can help cover the damages for a household accident or any other damages for which the policyholder would be personally liable.
Renters insurance. You can purchase insurance to cover a rental property or liability during a rental period.