SUGGESTIONS FOR SHORT TERM (VACATION) RENTAL INSURANCE COOMPANIES

[Schelley Stamps]

Hello, I have a STR unit next to my house thats insured properly as a temp rental, but am considering turning a multi family into one as well. This type of insurance is twice as much as my former single family home insurance policy so Im wanting to get quotes from several companies that do this. Ive heard of Prosper & CBIZ, but what else is out there that others have experience with? I cant believe how difficult it is to find coverage, & how expensive it is! Thanks for your help!

[James Carlson]

@Schelley Stamps  

I agree with @Andy O'Neal about Proper. It's coverage areas are pretty good, and I like that it acts as your homeowner's policy as well. I don't know what policy you currently have, but I've found that the policies in my experience were about 50% more than a traditional homeowner's policy. 

In general, good for you for looking to get covered. I talk to a lot of people in our Airbnb workshops here in Denver that are relying on their normal homeowners' insurance.