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
From Cutting-Edge to Clutter: Modern Antiques Hiding in Your Home
Uncover the surprising “antiques” in your tech drawer.
Unlocking Customer Loyalty with Smart Data
Turn customer data into your business superpower.
Is There an Age Limit for Life Insurance? Understanding Your Options
The truth about age and life insurance eligibility.
5 Automotive Icons That Sounded Destined for Greatness
Uncover the powerful names behind legendary cars.
7 Surprising Facts You Didn’t Know About Home Insurance
Unexpected insights into the world of home and renters insurance.
Still Living in the Stone Age? 7 Signs You’re Resisting Technology
Uncover your tech resistance and unlock modern convenience!
Beyond the Basics: 3 Unexpected Ways Business Insurance Protects Your Company
Unlock hidden benefits of smart business insurance.
Uncovering Life Insurance’s Most Intriguing Questions
Dig deeper into life insurance with these uncommon questions.
Beat the Pump: 5 Smart Ways to Slash Your Gas Bill
Easy tips to save big on gas and car costs.
Decoding Your Home Insurance Bill: Factors That Matter Most
Uncover the hidden factors shaping your home insurance bill.