Rental Property Insurance on Medium Term Rentals

[Sean Walton]

Hi All,

    I am currently renting out my condo for 30 days to 4 months using airbnb. I can't do shorter than 30 days because of local laws. Air bnb has insurance included but I still need a homeowner policy for piece of mind, the small amount of vacancy time and to satisfy the mortgage requirements. State Farm is telling me I cannot get a rental property policy because I don't have signed leases for at least a year so I would need to get a hotel policy. My friend does a similar thing and he was able to get State Farm to underwrite his insurance. I have a call into his agent who will return Monday. I'm wondering if anyone else has had success with this any suggestions or cautions. 

Thanks and Happy New Year

Sean