Question

What kind of insurance do I need if I'm renting out my property?

I need AirBnB type of insurance for my business, except I don't need up to $1 million in liability, I can probably get away with having less than that. What kind of insurance do I need?

Dec 31, 2019 Seattle, WA

Answer
Kristine Lee

Dec 31, 2019

What kind of insurance you need depends on a few factors of your rental. For insurance, a million in liability may sound like a lot but for most businesses, this is just a starting point because the risk of lawsuits and other exposures are so much higher. If you only need a small amount of insurance, you may be able to get away with adding an endorsement to an HO-3 or homeowners insurance policy to cover it.

If you have any questions, don't hesitate to ask. For more information, see the relevant articles below.


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