The 2 main reasons for increase were as follows:-Many carriers have moved out of Colorado or no longer offer coverage for HOA communities, so there’s a smaller pool of insurance companies to choose from.

Allstate and State Farm in Illinois lately have been huge a**holes as far as providing coverage when a loss occurs.

In that case, I would shop it around to see if any other regular carriers will write the coverage.  

Hi Ruth,For STR (Short-Term Rental), MTR (Mid-Term Rental), and second/vacation homes, DSCR Loans (Debt Service Coverage Ratio) are often the best option.

We have programs that we readily pay your; grocery bill, rent, cell phone, internet, spending money, health insurance, Rx coverage, day care AND to boot not only do you NOT have to pay diddly-squat in income tax's that the rest of us subsidize (pay) for you but we even send you a big fat check each year if you have kids. 

A comprehensive list of the pro-REI Reply sentiment in this forum post:Jonathan Herrera - 4 posts - member since 12/6/2015Latia T Mckoy - 2 posts - member since 4/15/19Jose Mejia - 1 post - member since 5/29/20Joel Lawrence - 4 posts (3 in this forum) - member since 2/1/19Lynette Jones - 2 posts (both in this forum) - member since 5/29/20Harvey Horne - 2 posts - member since 4/30/19Cory Collins - 27 posts - member since 11/24/18Jay Johnson - 4 posts (all 4 in this forum) - member since 10/29/18Chris Podkowa - 1 post - member since 5/29/20Isaac Rossum - 14 posts - member since 9/27/19Elio Avrilien - 2 posts (both in this forum) - member since 2/21/14Samuel C.

This seems simple enough and I could increase my umbrella coverage limits for added protection.

It's super comprehensive and I've been told by experienced PMLs that they've still learned a thing or two, as well!

You will also want to draft a comprehensive lease agreement that outlines terms such as rent amount, due dates, security deposit, maintenance responsibilities, and any house rules.

Proper Insurance has bed bug coverage for STRs, plus for lost revenue.