STR Arbitrage Insurance

[Karen Chenaille]

I am looking at a STR Arbitrage deal. The landlord is all on board, the place is super quaint..we were about to sign on the dotted line when we got held up with insurance concerns. The building has four LTRs, a hair salon, and the unit I want to use for STR. I have reached out to Proper and CBIZ...shot down by both. Does anyone know of an insurance company that would insure such an arrangement? FWIW, the landlord's existing insurer unofficially said they would cancel his entire policy if they found out he there was a STR operating there.

Any thoughts/ideas from the group would be so appreciated!

All the best,

Karen