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Are You Covered? Protect Your AirBNB or VRBO With The Right Coverage.

By August 28, 2022No Comments

If you’re like me, your home is your castle. You’ve worked hard for it, and you take pride in ownership. But what if you want to share that castle with others? Maybe you’re an Airbnb host or own a VRBO. How do you make sure your investment is protected? With the right insurance, of course! Read on to find out more.

If you’re renting out your home on a short-term basis, you need to have the right insurance coverage 

When it comes to short term rentals, it’s important to make sure you’re covered with the right insurance policy. Whether you’re renting out a room in your house or an entire property, you need to make sure you’re protected in case of any accidents or damage. There are a few different options when it comes to short term rental insurance, so be sure to do your research and choose the one that’s best for you. And remember, even if you’re just renting out a room, it’s always better to be safe than sorry!

Your homeowner’s policy likely won’t cover damages if someone gets injured while staying at your place 

Short-Term Rental Insurance - Portrait of a Young Couple Arriving to Their Room Rental for a Summer VacationWhen you’re renting out your place on airbnb, it’s important to remember that your standard homeowner’s insurance policy likely won’t cover any damages that occur while your guests are staying with you. That’s because most policies have a clause that excludes coverage for short-term rentals. So, if someone gets injured while staying at your place, you could be on the hook for costly medical bills. To protect yourself, you may want to consider purchasing a separate insurance policy that specifically covers airbnb rentals. This way, you can rest assured knowing that you’re covered in case of any accidents or injuries.

You should also consider purchasing additional liability coverage 

As a homeowner, you’re probably already familiar with the need for liability insurance. But if you’re thinking of renting out your home on AirBNB or another short-term rental platform, you should also consider purchasing additional liability coverage. This extra coverage can help protect you in the event that someone is injured while staying in your home. It can also help cover damages if your guests cause damage to the property. So before you list your home for rent, be sure to talk to your insurance agent about the best way to protect yourself.

Make sure you know what’s covered and what’s not before listing your home or room for rent on AirBNB or VRBO

Homeowners who are considering listing their property on AirBNB or VRBO should make sure they are familiar with the coverage offered by their homeowner’s insurance policy. WhileLandlord and Rental Property Insurance - Angled View of a Modern Brick Apartment Building With Warm Sunlight Shining From Above most policies will provide some protection for damage caused by renters, there may be limits on the amount of coverage available. In addition, homeowners should check to see if their policy has any exclusions that could apply to damage caused by AirBNB or VRBO guests. By taking a few minutes to review their homeowner’s insurance policy, homeowners can help protect themselves from potential financial losses.

So, is your short term rental covered? 

If you’re renting out your home on a short-term basis, the answer is likely no. Your homeowner’s policy probably doesn’t cover damages if someone gets injured while staying at your place. That’s why it’s important to have the right insurance coverage in place before listing your home or room for rent on AirBNB or VRBO. Luckily, we can help! Our team of experts is here to walk you through the best options for protecting your property and ensuring that you – and your guests – are safe and sound. Schedule a call with our team or import your current policies for a full review using the links below!

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