A Guide to Finding the Best Home Insurance for Short Term Rentals

Home insurance is an important part of protecting the belongings in the event of a fire, theft, or other type of disaster. However, if they’re renting out a home on a short-term basis, it can be difficult to find insurance that covers their property. In this article, we will guide them through the process of finding the best home insurance for short-term rentals.

What is Short -Term Rental Insurance?

Short-term rental insurance is a policy specifically designed for people who rent out their homes through websites like Airbnb and VRBO. The policy can help cover losses that may occur due to theft, damage, or other problems that could arise while their property is in rental use. There are a few things to keep in mind when shopping for short-term rental insurance:

  • Coverage will vary depending on the policy one chooses. Some policies will only cover losses that occur during the policy period, while others may offer coverage for months or years after the policy expires.
  • It’s important to compare rates and coverage before signing up for a policy. Some providers offer discounts for customers who buy multiple policies in a year.
  • If they’re renting out their home through an online platform like Airbnb, it’s important to have short-term rental insurance in case something goes wrong while their property is used. Compare policies and find the one that offers the coverage they need to protect themselves and their business.

Types of Short-Term Rental Insurance

Short-term rental insurance can protect landlords, tenants, and guests from damages to personal property, loss of rental income, and other liabilities that may arise from renting out a property through a short term rental platform. There are a few types of short-term rental insurance policies available: general liability, property damage liability, casualty, and supplemental liability. General liability policies cover risks associated with ordinary negligence, such as injuries sustained by guests or third parties while on the property. Property damage liability policies provide coverage for accidental damage to the property itself or to any personal belongings left in the house.

Catastrophe coverage provides protection for losses caused by events such as fires, floods, earthquakes, and tornadoes. Supplemental liability insurance covers additional risks that are not covered by general liability or property damage liability policies, such as claims brought by government entities or public employees. To find the best policy for their short-term rental business, it is important to review their specific needs and compare rates from different insurers. Some factors one may want to consider include the size of the property and the number of guests it hosts each month. One can also ask their insurer about specific exclusions that may apply to the business.

How Much Short Term Rental Insurance Should One Buy?

Whether one is renting out their home for a week or a month, it’s important to have short-term rental insurance in case something happens.

Sara Routhier, Director of Outreach at ExpertInsuranceReviews.com, suggests four things to keep in mind when buying short-term rental insurance:

  • Coverage for Their Property. Make sure the policy covers their property and all of its contents, including inventory and any personal belongings of guests.
  • Supplemental Coverage for Liabilities. Many policies also include liability coverage for Guests, which can protect anyone if someone is injured on their property or claims they were injured while staying there.
  • Fire and Theft Coverage. Make sure their policy includes fire and theft coverage to cover damages caused by fires and theft, respectively.
  • Automatic Cancellation if Renting Out Their Home for Less Than One Month. Many policies include an automatic cancellation clause if one rents out their property for less than one month at a time. This way, they won’t have to worry about getting coverage if things don’t go as planned and they need to quickly cancel the rental without penalty.

How Can One Find the Best Home Insurance for Short-Term Rentals?

Short-term rentals are a burgeoning industry that is growing in popularity all over the United States. In order to accommodate this growing demand, many homeowners are starting to offer short-term rentals through their properties. However, not all homeowners have the same insurance needs for their short-term rentals.

To find the best home insurance for short-term rentals based on their specific needs, it is important to understand that short-term rentals are considered property rentals and not primary residences. This means that their homeowner’s insurance will likely not cover any damages or losses that occur while they are renting out their property. If they are unsure whether their homeowner’s insurance covers short-term rentals, please contact their insurance provider for clarification.

If they do have homeowner’s insurance that covers their short-term rental, then the next step is to determine what kind of coverage one needs. For example, if they have vandalism coverage, then they will likely need to add short-term rental coverage to their policy. Additionally, if they have a mortgage on their property, then they will need to make sure that their lender approves any additional coverage that they add to their policy. Once they have determined the type of coverage that they need, the next step is to find an insurer who offers short-term rental insurance. There are a few insurers who offer this type of coverage, so it is important to do some research to find the best one for them. Once they have found an insurer, it is important to contact them and ask about their policy requirements and rates.


Short-term rentals are defined as any rental property that is not a primary residence. They can be an excellent option for people who are looking for a place to stay while they are out of town or for people who need a place to stay for just a few days. There are many different types of short-term rentals, including vacation rentals, corporate housing, furnished apartments, and more.

When they’re short on time, it can be hard to find the time to research all the different home insurance options out there. But that’s why we’ve put together this guide: so that one can quickly and easily compare the best short-term rental insurance policies available. By taking a few minutes to read through our tips, they’ll be well on their way to finding the right policy for their needs.

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