You have finally decided to enter the short-term rental (STR) market, and your biggest concern is a call from the local fire department stating that your house is ablaze or that your guest is suing you for a twisted ankle during their stay. Luckily, if you prepare with the proper insurance and care for your property, these types of situations can be managed.
Listing your property on Airbnb can bring in extra income—and extra headaches if you are not covered properly. Don’t rely on your regular homeowner’s insurance since it won’t cover the unique risks involved. Before renting, review your policy and look into add-ons or endorsements.
In this article presented by Baselane, we’ll discuss the details of Airbnb’s limited insurance coverage and guide you through essential considerations like vandalism, theft, unpaid rentals, and guest injuries. We’ll also highlight the best insurance options tailored to Airbnb hosts so you can protect yourself from costly surprises and potential losses.
Keep reading the article here: https://www.biggerpockets.com/blog/what-kind-of-insurance-do-you-need-for-short-term-rentals
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What Kind of Insurance Do You Need for Short-Term Rentals? | BiggerPockets Daily podcast - Listen or read transcript on Metacast
