Are You Renting Out Your Home on Airbnb? Make Sure You Have the Right Insurance
Are You Renting Out Your Home on Airbnb? Make Sure You Have the Right Insurance
Airbnb has become a popular way to make extra money by renting out your home or a spare room. But if you’re not careful, you could be putting your personal assets at risk.
That’s because your homeowners insurance may not cover you if something goes wrong while you’re renting out your home. For example, if a guest gets injured on your property, your homeowners insurance may not cover the medical bills. Or, if a guest’s belongings are stolen, your homeowners insurance may not cover the cost of replacing them.
To protect yourself, you need to get a special type of insurance called rental property insurance. Rental property insurance covers you for the same types of losses that your homeowners insurance would, but it also includes coverage for things like liability claims and property damage.
It’s important to note that Airbnb does offer some liability insurance for its hosts. However, this insurance only covers up to $1 million in damages. If you’re renting out your home for a significant amount of money, you may want to consider getting additional liability insurance.
To make sure you have the right insurance coverage, it’s important to talk to an insurance agent. They can help you assess your risks and recommend the right type of insurance for your needs.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Search All Blogs
Read More Blogs
More Than Just a Game: 5 Baseball Movies You Should See
Beyond the diamond: 5 baseball movies that will resonate with you.
The Unsung Hero: Insuring the Value of a Stay-at-Home Parent
Why life insurance is crucial for stay-at-home parents: Protecting your family’s financial future.
Hidden Factors That Impact Your Car Insurance Rates
Beyond the obvious: Factors that impact your car insurance rates.
Poolside Paradise or Poolside Pitfalls? The Realities of Owning a Home Pool
Thinking of buying a home with a pool? Consider these important factors.
Five Must-See American Landmarks: A Journey Through Engineering and History
Explore these iconic American landmarks: From the Gateway Arch to Mount Rushmore.
Small Business Marketing on a Budget: 8 Creative Strategies
Boost your business without breaking the bank: 8 affordable marketing strategies.
Is Your Auto Insurance Outdated? Time for a Policy Review
Save money on car insurance: It’s easier than you think.
How to Avoid Overpaying for Homeowners Insurance
Is your homeowners insurance costing you too much? Learn how to avoid overpaying.
Why Do Kids Love Dinosaurs So Much?
Unlocking the mystery: Why kids are obsessed with dinosaurs.
Exploring the Diverse World of Vegetarianism: A Guide to Different Types
More than just “no meat”: Discover the different types of vegetarian diets.