Insurance Coverage for Air BnB?

[Jake Jaenicke]

BP Community,

My girlfriend and I are about to close on an SFR property that has a guest house that we plan on renting on Air Bnb and other sites (short - to - medium-term rental). I am running into issues with homeowners insurance. We will be living in the main 2B/2BA house for now, and renting the guest house.

Does anyone have any insights on how to structure an insurance policy that covers us for both standard homeowners insurance risks, and home-sharing activity risks such as theft, property damage, and personal injury?

Thank you!

[Joel Case]

Quote from @Jake Jaenicke:

Quote from @Joel Case:

I worked with an independent full-service insurance agent, told him what I was looking for and he found a regular homeowners policy that didn't exclude short term rentals. I plan to eventually get additional insurance to cover if anyone gets hurt on the property beyond what the homeowners policy covers.  

Joel would you mind messaging me with the insurance agent's contact information? Thank you for you your response.

I agree with @Jason Bott, just look up some local independent reps, I usually contact the five most well known in my area and get them each to quote me. It's MAC Coastal out of Ocean Springs, Mississippi if you really want to give them a shout, but I suggest finding someone local and sitting down and talking with them. 

You can call CBIZ, Proper, and Foremost, I did, but their quotes were at least double, Proper was like 4 times more than what I currently pay.