Short Term Rental Insurance is property insurance that goes by names like vacation insurance, home sharing insurance, and Airbnb insurance. Policyowners can replace their Landlord or Homeowners Insurance policies with Short Term Rental Insurance with no restrictions or a minimum number of days rented out on a short-term basis as long as they host their rental space for up to six months per rental party.

Unlike a home or a regular rental property, vacation rentals have three primary purposes. Having Short Term Rental Insurance ensures that your short-term rental home/property uses and needs are met:

1. Owner’s vacations
2. Rental Guest stays
3. Unoccupied periods throughout the year

Short Term Rental Insurance is ideal for those making an extra rental income by hosting all or parts of their home on rental platforms like VBRO or Airbnb. Usually, these platforms have insufficient insurance coverage for your property.

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Short Term Rental Insurance covers your home and belongings and offers legal liability protection and other coverages. On the contrary, standard condo and home insurance usually have many conditions and restrictions regarding using your home or property as a business. For these reasons, these policies typically exclude short-term rentals.

However, we have packages specifically designed for this type of protection for properties including:

• A stand-alone short-term rental
• Owner Occupied Dwelling with short-term rentals in the basement
• Primary Dwelling with only a few weeks of short-term rentals
• A Rented Cabin that also offers guided tours or boat rentals

If you are renting out your personal property to paying guests for less than six months per rental party, consider getting Short Term Rental Insurance. Also, don’t forget to review the facilitator of your rental insurance policy, so you know what is covered and what you need to watch out for.

Our robust application process will identify what types of coverage are relevant to your short-term rental insurance policy and provide a quote accordingly. We recognize that not all rental properties have the same risk and will provide a package protection plan that covers you and your potential business exposures.

Short Term Airbnb Rental Features:

• Standard Homeowners forms with rental extensions
• Rental Income Coverage
• Landlord Contents
• Multiple properties can be covered under one policy
• Broad Form Replacement Cost Policies available on qualifying risks
• Clients who allow guests to use bicycles and watercraft at NO additional charge can be considered

While Airbnb and other hosting sites offer as much as $1 million in liability coverage, it is not a replacement for Short Term Rental Insurance policy.

Insufficient protection leaves property owners vulnerable to losses due to excluded property damage, natural disasters such as hurricanes, and other perils. Ensure you obtain the policy to run your short-term rentals with peace of mind.

The cost of a Short-Term Rental Insurance policy will depend on variables specific to the property being rented:

• Age of Building
• Annual and Projected Income
• Applicant Details
• Construction Type
• Contents
• Deductibles
• Geographical location
• Specified Coverage
• Number of Guests
• Policy Terms
• and more

We are able to offer coverage terms with premiums as low as $25 monthly. Complete our online application and get your free quote e-mailed in just minutes! Get short-term rental coverage for your own protection, cover loss, and gain extra income.

The answer is yes; you still need Short Term Rental Insurance, as host platform Airbnb insurance policies lack the proper coverage you need for your short-term rental. In fact, these platforms state that their programs are not insurance policies and encourage hosts to purchase insurance to cover losses and damages beyond the Host Protection Program coverage in terms and conditions.

All Airbnb hosts receive protection and liability coverage, two separate parts of its host protection program. However, you can opt-out from liability coverage as it is included automatically.

1. Airbnb’s Host Damage Protection (property coverage)
   • Dwelling and belongings: Covers damages caused by your guests or those invited onto the premise.
   • Lost income: When you need to cancel bookings due to guest damages, this protection plan provides reimbursements
   • Unexpected cleaning fees: It is covered if your guest makes a mess.
   • Note that it does not cover all property damage and excludes bodily injuries.
2. Airbnb’s Host Guarantee (Liability) Insurance (bodily injury and guest’s property if you are  liable)
   • Liability coverage: Covers third-party bodily injuries, including your guests and those they invited over.
   • Common area: In the event that your guest damages parts of the building, such as lobbies or properties nearby, you may be covered.
   • Theft or damages: This policy covers your guest’s property if it was stolen or damaged.

However, these policies often have many terms, conditions, and exclusions that are not ideal for property owners. Namely, these protection programs are not like your traditional insurance policies.

While these policies can be supplemental to your liability and damages caused by short term renters, Short Term Rental Insurance provides a broader range of coverage, including those excluded from hosting platform policies. You can also choose a higher limit than what is offered to ensure that you are adequately insured. Furthermore, you will need your insurance if you have a mortgage. Mortgage companies do not accept Airbnb insurance as valid insurance.

A homeowners insurance policy covers owner-occupied property. It provides financial protection for owners against insured perils such as fire, theft, and catastrophic weather.

On the other hand, a landlord insurance policy is designed for a tenant-occupied property. This insurance policy protects the property owner while renting their property to other individuals.

Short-term rental insurance is specifically for individuals who occasionally rent their homes or rooms throughout the year. However, they can only rent out their space for under six months at a time per rental party. For example, one party may rent the home for three months, another may rent for two weeks, and another may rent for five months.

While Short Term Rental Insurance helps protect you from legal fees, home repairs, and property replacement, you should consider these strategies:

• Screening Guests: Before accepting guests into your short-term rentals, consider pre-screening guests. Obtaining guest info will give you an insight into whether they will be respectful of your property before fulfilling the bookings.
• Rental Agreement: You can request a refundable security deposit at the time of the booking as an incentive to be respectful of your property. If the guests damage your property, then you can use the deposit as payment. You can also do this if your host platform does not offer liability coverage or if you are operating your short-term rental yourself.
• Condo Rental: If your short-term rental is a condo, make sure that you comply with the building code and policies.
• Dwelling Furnishings: Save yourself extensive cleaning fees and hassle using easy-to-clean and durable furnishings.
• Expensive Items: When renting out your short-term rental, put away expensive decor or items around your unit.
• Reputable Platforms: Renting out your space through reputable platforms like Airbnb or VBRO can save you headaches and financial loss.