What you need to know about insurance for Airbnb rentals
Short-term rental insurance is necessary if you rent out your property on Airbnb. Renting your primary residence or a secondary location on Airbnb or other short-term rental platforms requires you to know what your insurance policy covers. If you don’t have the right coverage in place, you could void your home insurance policy. You will also be on the hook to pay for the damage from guests out of your pocket.
Hosting guests in your home or short-term rental can be a great way to earn additional rental income. But it’s also a business venture and a risk that needs to be managed. Property damage, vandalism, theft, and personal injury can happen. You need insurance that covers Airbnb rentals. All it takes is one issue, event or liability claim to take away the income you’ve earned through the rental.
Compare quotes for home sharing and Airbnb insurance from the top insurance. Get started online or give us a call and speak with an advisor. Keep reading to learn more about short-term home rentals on Airbnb and being properly protected with your insurance policy.