Homeowners Insurance for Short Term Vacation Rental

[Thomas Solorio]

Hello BP Community,

I am in desperate need of homeowners insurance for a home that I am purchasing in Desert Hot Springs, CA. I plan to do minor renovations on the inside (paint, replace some carpet with vinyl, add a pool & hot tub, furnish, and then put the home up for rent on Airbnb as a pure short term vacation rental (with max 7 days per stay). I am in escrow now and I'm having trouble finding insurance.

Additionally, I have a triplex apartment complex in the same city that I need insurance on as well. I have had Statefarm Insurance with this property since 2021. But, Statefarm is dropping me as part of their grand California exit plan of dropping 72,000 properties in California this year. This Triplex is mixed use where one unit is a short-term vacation rental, and two units are long-term rentals. It has been fully renovated in 2023.

I appreciate any advice, info, or insurance assistance anyone can provide!

[Jeff Chisum]

I will send you a DM

[John Underwood]

You must have a commercial STR insurance policy and NOT a homeowners policy for a STR.

[Tom Albares]

Try Proper Insurance.  They only insure short term rentals.  We've used them for over 5 years.

[Michael Baum]

I am with @John Underwood and @Tom Albares here @Thomas Solorio.

Give Proper a call and see what they can do.

I hope you are not just using AirBNB but also using VRBO as well. 

[Jeff Chisum]

Quote from @John Underwood:

You must have a commercial STR insurance policy and NOT a homeowners policy for a STR.

You can have a home owners policy with a STR rider

[Andrew Steffens]

Quote from @Thomas Solorio:

Hello BP Community,

I am in desperate need of homeowners insurance for a home that I am purchasing in Desert Hot Springs, CA. I plan to do minor renovations on the inside (paint, replace some carpet with vinyl, add a pool & hot tub, furnish, and then put the home up for rent on Airbnb as a pure short term vacation rental (with max 7 days per stay). I am in escrow now and I'm having trouble finding insurance.

Additionally, I have a triplex apartment complex in the same city that I need insurance on as well. I have had Statefarm Insurance with this property since 2021. But, Statefarm is dropping me as part of their grand California exit plan of dropping 72,000 properties in California this year. This Triplex is mixed use where one unit is a short-term vacation rental, and two units are long-term rentals. It has been fully renovated in 2023.

I appreciate any advice, info, or insurance assistance anyone can provide!

 I will DM you a link for my contact who have been great for me in FL