Updated about 2 years ago on . Most recent reply
STR Insurance Policy Limits
I am working on getting quotes right now and hoping to get some feedback and what is a must. How much for personal property and loss of income? How much for liability?
Basically, I don't want to just get the bare minimum I need for lender, but.I actually want to get something worthwhile if things go wrong
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Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
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#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
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Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
Pro Member
#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
Hey @Alex Banyasz, we have 50k in lost revenue as part of our insurance.
We recently upped our replacement value to $400/sqft.
Liability is 1m with a 5m umbrella on top of all that.
150k in property loss.
We use Proper. Plus you will need wind if I am not mistaken
@Andrew Steffens is in that neck of the woods and might have some insurance notes.