Short Term Rental Insurance
Coverage for You and Your Guests
Have you ever thought of renting out your home for guests to enjoy and stay at? With the rise of renting services such as Airbnb and Vrbo, many people choose to rent out someone’s home to vacation at, rather than staying at a traditional hotel. If you are renting out your home, you should consider obtaining a Short Term Rental Insurance Policy to protect your property, belongings, and guests.
What is Short Term Rental Insurance?
If you decide to use your home as a place for guests to stay and rent, you should have Short Term Rental Insurance in place. This type of coverage protects your property as well as other possible liabilities that may occur during a renter’s stay.
Short Term Rental Insurance can be added as an endorsement to your already existing Home Insurance, or can be sold as an individual, separate policy. Give yourself peace of mind knowing you will have the right coverage in place while you aren’t staying in your home.
Types of Coverages Available
This type of insurance includes different kinds of coverage based on the level of protection you’re looking for. These coverages help protect the owner of the property in a variety of ways, depending on the situation.
Every short term rental insurance policy includes this coverage. This coverage helps protect you if a guest gets injured, or tries to sue you if there are damages caused by an accident.
This coverage is used to help cover the costs in the case that a guest damages your property or personal belongings.
In the case of a burglary, or any guests steal your personal belongings, this coverage helps compensate anything stolen.
*Some exclusions may apply
Occasions for Short Term Rentals
Whether you have guests staying in your home for a day or several weeks, consider getting coverage for the following scenarios:
- Vacation Rentals
- Summer Rentals in Saratoga Springs- Belmont and Racing Season
- Seasonal Rentals for Tourist Destinations
- Renting home on Airbnb or other home-sharing service
- Time space is rented is less than 30 days
- And More!
Factors to Consider
Short Term Rental Insurance is typically very affordable. Here are some factors that may be considered when reviewing your rate:
- Location of Property
- Condition of Property
- Distance to Fire Station
- Crime rate in Location
- Available Amenities
- Rental Frequency
- And More
Get a Quote Today
If you are interested in getting a Short Term Rental Insurance policy, you’ve come to the right place! Call us at 518-346-2886, or visit our agency at 1214 Troy Schenectady Rd, Latham, New York, to connect with a local agent today!