Ins quote; "Is property rented for periods less than 6 months?"

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Ins quote; "Is property rented for periods less than 6 months?"

David S.
Rental Property Investor · Larkspur, CO · Member since 2018 · 198 posts · 179 votes

While getting a quote on a property, my USAA account asks "Is this property rented for periods of less than 6 months?" Yes or No

Does anybody know why this is and what impact this has on the quote? What if I started with a 12 month but then went month to month afterwards?

I'm guessing this is a reference to STR/AirBnB type setups and the answer should be "No" even if I'm renting month to month so long I'm not doing short term rentals??

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  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    8y

    USAA does not insure short-term rentals. They consider anything less than six months to be short-term. If they catch you, they will drop you like a hot potato.

    You can rent to someone for a fixed term of 6+ months and then renew or extend on a month-to-month basis. The only requirement is that each tenant rent for at least six months.

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