What insurance is really needed for a STR/Airbnb?

[Brenna Ellison]

Hi All,

I am setting up my basement (with a private entrance) as an Airbnb. I have homeowners insurance (of course) and an umbrella policy currently, but am curious what other insurance and policies folks recommend as a STR owner.

Do I need a STR policy on my homeowners insurance? Do I need Landlord insurance like Steadily? Is my umbrella policy duplicative because of what AirCover covers?

Any information would be helpful! I feel super overwhelmed with the jargon, what policies are necessary, and which aren't.

Thank you in advance.