Vacation Rentals & Short-Term Stays: Are You Properly Insured?
If you’ve ever thought about renting out your home—or just a spare room—on Airbnb or VRBO, you’re not alone. Short-term rentals have become a great way for homeowners to earn extra income. But before you hand over the keys, there’s one important question to ask: Are you properly insured?
Many homeowners assume their standard home insurance covers short-term rentals—but that’s often not the case. Once you start earning rental income, your property is viewed differently by insurers. It’s no longer just your residence—it’s a business exposure.
What Your Standard Policy Might Not Cover
Guest-caused damage: Accidents like broken furniture or spills may not be covered if the space is rented for profit.
Liability: If a guest slips, falls, or gets injured on your property, you could be personally liable.
Loss of income: If your property is damaged and can’t be rented temporarily, standard homeowners insurance won’t replace lost earnings.
What You May Need Instead
Short-Term Rental Endorsement: Some insurers offer add-ons to extend your coverage to short-term guests.
Landlord or Commercial Property Insurance: Ideal for frequent or multiple rental listings.
Umbrella Liability Policy: Adds extra protection in case of major guest injuries or lawsuits.
Protect Yourself Before You List
Call your insurance provider before listing your property.
Ask about exclusions in your homeowners policy related to rentals.
Install safety features like smoke detectors, fire extinguishers, and outdoor lighting.
Screen guests and keep detailed rental records.
Takeaway
A successful rental experience starts with peace of mind. The right coverage can protect you, your guests, and your income. Before you list your property, make sure your insurance is ready too.
👉 Not sure what you need? RISE Insurance can help review your current coverage and find the right protection for your rental.
📞 423-541-1111
