Insuring an Airbnb condo?

[Justin Mavromatis]

Hello,

I’m in the process of purchasing a condo in New Hampshire that will be used primarily as a short term rental (Airbnb). My insurance agent is asking for additional occupancy information for underwriting. I expect to use the property for 80% rental and 20% for friends and family.

What insurance coverage do you recommend for this scenario? I don’t want to find myself in a situation where the multiple is 2-3x average insurance costs.

Thank you

Justin