Property owners have a unique opportunity to efficiently rent out their entire home, a spare bedroom or other accommodations through online services known as Airbnb, Vrbo, and HomeAway. For travelers, these are convenient, web-based platforms that provide affordable and flexible alternatives to hotels. For property owners, these tools easily connect various rental unit with prospective occupants and make collecting payments simple and secure.
Short-term rental platforms are classified as business use of a house, which is normally excluded from homeowner’s insurance policies. If you want to protect yourself and your property from the misadventures of imperfect guests or unpredictable mother nature in between renters, you will need Short-Term Rental Home Insurance.