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Updated over 6 years ago,
Short Term Rental Homeowners Insurance Providers
I have a couple of short term rental properties that I rent out via Airbnb. I'm currently using Proper Insurance and have also received a quote from Propel Insurance. Both policies are specialty products that are specifically for short term rentals given that my understanding of standard homeowner insurance is that it will likely exclude claims from "commercial" activities like short term rentals.
I've been using Proper for the last 12 months but their renewal price for the policy shows a 30% increase over last year.
Does anyone have any other recommendations of providers for this type of policy? Who are you using for homeowners coverage on Airbnb type properties?
Thanks for any help and suggestions the BP community can provide.