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Michael Forcum
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Insurance costs through the roof!?

Michael Forcum
Posted

Help, we own five short term rental properties and I’m wondering what others are doing about insurance. Just curious how many people are insuring their homes above the Airbnb insurance. I would also love to hear from people who do carry additional insurance about how to do this in a cost effective manner. we have five properties currently and the costs of the insurance are killing us. 
Thank you in advance. 

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Patrick Hancock
  • Real Estate Broker
  • Orlando, FL
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Patrick Hancock
  • Real Estate Broker
  • Orlando, FL
Replied

All of our properties are located in Florida where insurance has increased significantly over the past year.  However, we have only seen the increase on our properties that are closer to the coast and our older properties.  The newer properties located in Orlando have not seen an increase. They are all longterm rentals. 

Pat 

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Pat Hancock at Thomas Lynne
5.0 stars
27 Reviews

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