All Forum Posts by: Gerald Santy

@John Underwood, @Jason Bott, and @Mike Shemp - thanks all three of you for the feedback!

We are trying to minimize the friction with getting landlords/property owners on board so we were hoping for a solution that didn't require them to make any changes or get additional insurance.

One follow up - when you (and others) refer to STR insurance, is that just a different kind of HO policy that covers accidents related to short-term renters or is it totally separate from (and in addition to) the existing HO policy?

Thanks again!

Hi Everyone!

First BP post  :)

My partner and I are forming a business focused on STR arbitrage (not cohosting). We were wondering what kind of insurance we should consider getting since we won't own these properties?

We will use either an LLC or corporate structure for the business so presumably we are covered from a personal liability perspective, but it seems like we should have additional coverage in case of a worst case scenario (e.g., renter burns house down, renter severely injured or dies on the property from accident, etc.)

So we aren't sure if the homeowners policy would cover situations like that since they are related to short-term renters or if we can get STR insurance on a property we don't own. Any thoughts or guidance would be helpful. How are others who use the arbitrage approach handling this?

It would also be interesting to know what the rough cost is for any insurance option you might propose.

Thanks in advance!

Gerry