Owning a property and listing it online as a short-term rental is a great way for people to bring in some additional income. Whether you have a vacation home, townhome, cottage, cabin, or a condo to list on sites such as AirBNB, VRBA, or Vacasa, we can help you insure it properly.
Some of our companies offer a home-sharing endorsement you can add to your policy to pick up this additional exposure. If you do not have a commercial property policy designed to insure short-rental properties, or a very broad endorsement on your rental property policy, you could have some significate gaps in coverage leaving you at risk.
When you rent your home out to the public, you are essentially operating in a way similar to a hotel, where your guests have a higher level of expectations than they may for a long-term rental situation.
Some unique coverages to consider
A guest / renter damages your house by accident.
Theft and vandalism when vacant in between renters
Liability for a guest / renter injury
Liability for amenities such as pools, hot tubs, bicycles, exercise equipment, small watercraft
Business income loss while repairing damaged caused by a covered loss
It’s becoming more common for communities and counties to require a short-term rental permit. Some of these permits require you have a commercial policy for the property, and not a personal homeowner or personal rental property policy.
If you hire a property manager, some policies can add them to your policy in case they are found to be liable for bodily injury or property damage. Your liability will extend to the property manager as well.
Kristie English, M.Ed.
Principal / Agent
We're here to help you understand the best options for protecting your vacation rental.
Call us at (833) BIG-TREE / (425) 673-7948, or use our online form to request a quote.