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Most vacation rental properties have both commercial and personal use. They are often used personally by the owner or family, and then regularly rented as short-term vacation rental as well. There may even be times when the property is unoccupied. Add up the multi-use of the property and you have big gaps in insurance coverage.
Vacation rental insurance policy is essentially three policies in one. It has components of a homeowner’s policy, coverages found in a landlord policy, and the foundation of a commercial business policy. Because of our trademarked vacation rental endorsements, we can claim the title as the most comprehensive vacation rental insurance policy available on the market.
If you rent your home for short stays on Airbnb, Vrbo, or other platforms, short-term rental insurance is made for you. But it’s not about the platform. You may rent your cabin on the lake for eight summer weeks through referrals or newspaper ads. That fits, too.
Short-term rental insurance gives you the additional coverage you need over and above your homeowner’s and dwelling policies to handle the new risks that hosting short-term guests brings to your life. If you are a landlord with permanent tenants, short-term rental policies are not for you. You’ll need landlord insurance.
Fortunately, there is a growing list of options for the many conditions you need protection from when it comes to renting your property to short-stay guests.
If you rent your vacation home or residence to others for short stays, whether directly or through a platform like Airbnb, you’ll want to have short-term rental insurance. With guests bunking in beds and cooking in kitchens unfamiliar to them, hosts need to have protection for unexpected grease fires, plumbing disasters, stolen property, and accidental guest injuries.
While most insurance products are similar in price and function, insurance providers vary when it comes to structuring a policy tailored to you.
After all, there’s no such thing as a one-size-fits-all insurance policy when it comes to your business.
Contact us today, and we'll help you protect what matters most.