Does Your Personal Umbrella Cover Vacation Rental Liability?

Question

I have 5 vacation rentals and all have insurance specific to them being used as a short term rental. I want to add extra liability insurance to the 300-500K offered in my policies. I have a personal umbrella liability policy where my rental properties have been attached. The question is whether a personal umbrella policy should cover a liability issue that occurs at my vacation rental property? I have seen some suggestion that I need a commercial liability policy since the properties are being used as a business to generate income? Can anyone provide guidance or point me in the right direction?

Thanks,

Jeremy

Thanks,

Jeremy

Jeremy Clemons · Answer

Thanks Jason.  Certainly provides more comfort.  I haven't been given a cap yet but I will certainly ask now what my cap is on the personal umbrella.

Jason Bott · Answer

@Jeremy  Clemons

If the locations are listed as on your personal umbrella policy, you have coverage.  Some personal umbrellas will allow up to 10 rentals, while others stop @ 1.  Once the limit is met on your personal umbrella with your particular company, you are required to move/start a commercial policy.  Hope this helps.

Jeremy Clemons · Answer

Thanks for the note Karen.  Three of the properties are in the Gulf Shores, AL area and the other two are in Panama City Beach, FL.  Hopefully there are some tips out there.

Karen Margrave · Answer

@Jeremy  Clemons  Welcome to the site! I don't have an answer for you. I do however; know that there are many investors on BP that own vacation rentals, so hopefully they have their keyword alerts set and will chime in.

Where are your vacation rentals located?