All Forum Posts by: Jon Kay

It's important to have insurance coverage when you are renting out your property on a short-term rental platform like Airbnb. Traditional home insurance policies may not provide sufficient coverage for the unique risks associated with short-term rentals, such as an increased number of people coming and going and a higher likelihood of wear and tear on the property.

There are a few options you can consider to ensure that your property is adequately protected while it is being rented out on a short-term basis.

One option is to purchase a host protection insurance policy, which is specifically designed for short-term rentals. These policies typically provide coverage for damages to the property and liability protection for the host in the event of an injury or accident.

Another option is to purchase a commercial insurance policy, which is designed for businesses and can provide more comprehensive coverage than a traditional home insurance policy.

It's also worth checking with your current home insurance provider to see if they offer endorsements or riders that can be added to your existing policy to provide coverage for short-term rentals.

Regardless of which insurance option you choose, it's important to thoroughly review the policy and make sure it meets your needs and provides the level of coverage you need.