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Renting Your Home on Airbnb? Make Sure You're Covered with the Right Insurance


Are you planning to rent out your house this year, perhaps through Airbnb or another vacation rental platform? Renting out your home can be a great way to earn extra income, but it's important to understand how this decision can impact your insurance coverage. In particular, you'll need to consider whether your homeowners' insurance policy provides adequate protection during rental periods.


Does Homeowners' Insurance Cover Rental Activities?

Typically, standard homeowners' insurance policies are designed to cover owner-occupied properties. This means that if you rent out your home, you may not be fully protected in the event of certain losses or damages that occur during the rental period.


What Insurance Options Are Available for Rental Activities?

If you're planning to rent out your home, there are several insurance options you may want to consider:

  1. Landlord Insurance: Also known as rental dwelling insurance, this type of policy is designed specifically for landlords who rent out their properties. It typically provides coverage for the structure of the home, liability protection, and loss of rental income.

  2. Umbrella Insurance: Umbrella insurance provides additional liability coverage beyond what is covered by your homeowners' or landlord insurance policy. This can be particularly useful if you're concerned about potential liability issues related to renting out your property.

  3. Home Sharing Insurance: Some insurance companies offer specialized home sharing insurance policies that are specifically tailored to the needs of Airbnb hosts and other short-term rental operators. These policies may provide coverage for property damage, liability, and loss of income.


Consult with an Insurance Professional

Before you start renting out your home, it's important to consult with an insurance professional, like our team at Boone Ritter Insurance, to discuss your coverage needs. A professional can help you understand your existing policy's limitations and recommend additional coverage options that may be appropriate for your situation.


Contact Boone Ritter Insurance for a Tailored Quote

At Boone Ritter Insurance, we understand the unique insurance needs of Airbnb hosts and other short-term rental operators. Our experienced agents can help you find the right insurance coverage to protect your home and assets while renting it out. Contact us today for a tailored insurance quote and peace of mind when renting out your home.

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