Insurance for HomeAway/Airbnb rental

[Jason Jebeles]

I have recently finished my basement out with a full apartment.  I have listed it on HomeAway and Airbnb.  We have had great interest and have had 3 short term booking and 1 booking for 19 days within 1 week. This is much more than we ever thought would happen.  My question is do I need a more extensive of insurance policy with people staying on our property.  We have a small farm they are open to walk around and play ground for kids.  I have a normal homeowners policy for my residence. Do I need more?

[Simran Hundal]

@Jason Jebeles,

Homeowners policies are typically inadequate for Short Term Vacation Rentals such as HomeAway & Airbnb. In fact, if insurance carriers found out that you are renting, you may run the risk of getting dropped from your policy or having a claim denied - see the AirBNB forum below:

https://community.withairbnb.com/t5/forums/v3_1/fo...

I am independent insurance agent serving Alabama and I'd be happy to help you navigate this process.