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Updated almost 2 years ago on . Most recent reply
Bonnie LowPoster
#1 Medium-Term Rentals Contributor
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#1 Medium-Term Rentals Contributor
- Lender
- Asheville, NC
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Insurance for midterm rentals - Insurers and Renter's Insurance?
Bonnie LowPoster
#1 Medium-Term Rentals Contributor
Pro Member
#1 Medium-Term Rentals Contributor
- Lender
- Asheville, NC
I'm working on a research project and am hoping to crowdsource some recommendations about insurance coverage for your midterm rental properties. What are you experienced hosts doing? My questions are:
- Policy type: homeowners, commercial, other?
- Recommended Insurers
- Do you require your guests to carry renter's insurance?
I'd love to hear everyone's thoughts/recommendations on this topic!
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Allen Duan
#3 Medium-Term Rentals Contributor
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#3 Medium-Term Rentals Contributor
- Property Manager
- Los Angeles, CA
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Allen Duan
#3 Medium-Term Rentals Contributor
Pro Member
#3 Medium-Term Rentals Contributor
- Property Manager
- Los Angeles, CA
Proper and Steadily are the two I recommend for our owners (we're a MTR management company). Proper cost more but provides more coverage.
We don't require renter's insurance.