"Or would you still recommend leaning on using liability coverage?"

No Coverage for Lost Rent:Landlord policies typically include Loss of Rents coverage, which reimburses you for lost rental income if the property becomes uninhabitable due to a covered event.

You need the correct STR coverage and an umbrella no matter how you have your business structured.

I own few rentals right now and I need a liability coverage to protect my assets.

Ironically most who spend on LLC's and overkill Insurance are negligent in their operations, are susceptible to carriers excluding coverage, spend an unnecessary amount of time defending claims, experience insurance premium increases etc. 

Purchase price: $450,000 Cash invested: $250,000 Client Portfolio Spotlight – SK CapitalExecuted by Ikon Property Group (IPG)Ikon Property Group successfully executed a comprehensive investment strategy on behalf of SK Capital, building a portfolio of 34 single-family rental properties in Genesee County, Michigan.Our vertically integrated approach included:- Strategic Acquisitions: Properties were sourced through direct-to-seller deals, the Genesee County Land Bank, and the Michigan Tax Auction, with acquisition prices ranging from $5,000 to $30,000 per property.- In-House Renovations: Our construction team handled all renovations internally, transforming distressed assets into turnkey rentals while maintaining strict budget and quality control.- Leasing & Property Management: Each unit was leased to thoroughly screened long-term tenants using full credit, income, and rental history checks.

Yes you will need a STR compliant property insurance, there are supplemental coverages you can get where you pay by the night or reservation as well. 

@Sara Tranum get a copy of the policy and see what the liability coverage is!

Insurance coverage is another separate paragraph - typically the Lessee (laundry company) will spell out how much PL & PD insurance coverage if offered.

Is anyone having trouble getting insurance coverage after filing a couple of claims?