How can I get short term rental insurance?
In recent years, short-term rentals have grown tremendously. The rise of sites like Airbnb have made it easier for travelers to find lodging and for hosts to make a nice little side income. However, there are serious implications for a host's homeowners insurance.
Because you are making money from your property, you need to consider the commercial aspects of your policy. First and foremost, you'll want to let your insurance company know that you are a host. In some cases, you may be covered if you only rent your unit occasionally. If you rent out more often, you may need to consider an endorsement.
Be aware that not all companies offer such an endorsement. However, other companies have embraced the home-sharing trend and are far more open to providing specialized coverage. Companies like Slice and Proper specialize in such coverage.
Overall, you may need to get quotes from multiple insurance companies to make sure that they provide the coverage that you need.