STR advice in Perdido Key, Florida

[Stewart Campbell]

Hello Everyone,

I'm planning to setup a short-term rental in Perdido Key, Florida, near Pensacola. Because it is a condo, I am concerned about liability coverage. Does anyone know any lawyers in the area that have experience with short-term rentals in the area? The property is owned by a LLC but I want to confirm that I am protected. Tips and recommendations would be greatly appreciated.

Thank you,

Stewart Campbell

[Karen Chenaille]

@Stewart Campbell. The setup cost and annual registration fees of an LLC will eat into your profits and are overkill for just a single rental. Another way to protect yourself is to get a STR policy as @Luke Carl suggests but you could increase the general liability on it. Call proper insurance and CBiz for quotes. Their exclusions are different. Be sure to specifically ask what they don’t cover.  I have found Proper to cost a bit more but they don’t exclude as much as CBiz.