Insurance for Short Term Rental in Private Residence

[Nathan Faucett]

Hello all - I am currently renovating basement to be used as a 2 bed / 1 bath short term rental. My basement will have a private entrance and will be completely separate from the rest of my home, with a few locked doors in between me and my guests.

I've been informed that I might not be able to use my current homeowners insurance policy. What have others used for insurance in a similar situation?

[Karen Chenaille]

Hi Nathan

Last I checked a year ago, CBiz and Proper only do non owner occupied STR. I have been renting three bedrooms in my home for three years now. You want to call Wolfe Inn keepers. They have the traditional homeowners coverage wrapped in with additional liability you need to protect you and your guests. They also offer income loss protection.
Please reach out if you are looking for ny other home sharing insights. After 3 years I have seen it all. :-)

Karen