If it's currently an STR they should be able to provide you with the p/l statement from prior years so you can see gross rents, operating expenses, average daily rates and occupancy levels.

Don't depend on Aircover.Homeowners policy will not protect you if your renting as a STR.You need the correct STR policy to protect your property.

I am currently with State Farm but they will not renew the policy after May 2025. 

I don't think any insurance carriers will give you a new policy these days if there is active K&T. 

During this renovation period would you, as the lender, want an Actual Cash Value or Full Repair Cost policy in place?

I am not privy to the details of that from their perspective, but I would hesitate to assume the policies are the same; I don't believe they are.

If you have not already purchased this policy, I would look for a policy that provided a stated amount deductible for wind/hail vs. a % deductible.

I called the guest prior to check-in and asked how he wanted to pay for the deposit and we did it via paypal.

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

Even if we didn't renew the tenants when the leases were up or if they had their own renter's insurance policies, we felt it was a bit too risky.