SHORT TERM RENTAL INSURANCE

[Colby Wartman]

Have a question for all the veteran STR folks out there. Hopefully securing our first short-term rental in Rockledge, FL. However, we are still searching other places such as Merrit Island for opportunities. Cutting to the chase, it seems (as a newbie) short term rental coverage is fairly pricey.

1. Where have you used/had the best success with the insurance needed for STR.

2. Are you just getting a regular investment property quote instead of coverage specific to STR?

3. What are some annual prices that you are coming across?

I am new to the insurance side of things and got quoted some outrageous numbers when I mentioned using my rental for ABNB. Just need some help and direction, thank you!

[Leslie Anne Morris]

It is pricey insurance. My policies are all through Proper. They offer triplicate policies specific to short term rentals. They come with added coverage such as bed bug riders and commercial liability. Pricing really depends on area and how many beds.