Short Term Rental Insurance in NYC

[Christina R.]

Hello,

Does anyone here do homesharing (Airbnb) for their rental property? I am having a tough time finding insurance for this commercial short term rental activity in an owner occupied house (I live in one unit, the other unit will be an Airbnb). I am wondering if anyone has any recommendations or stories about what they have done. My current homeowner's policy will cover the unit I live in and only provides a theft endorsement for the other unit so no liability, etc in that rental unit. There is an Airbnb host guarantee with up to 1 million dollars in liability, but my understanding is that it is not reliable or a replacement for a primary policy. The house is also in an LLC if that makes a difference.

I have shopped around for policies but they are either double the price of my current premium or require a bunch of hoops (letter from licensed electrician and plumber).  Wondering what other people have done for coverage.

Thank you.