Insurance for Short-Term Vacation Rentals

Are you renting your home via Airbnb or VRBO and have concerns about insurance?

Short-term vacation rental websites like VRBO and Airbnb have become increasingly popular in the last several years. While renting property is not a new phenomenon, short-term vacation rentals using an app is relatively new and it has taken insurance companies some time to catch up to the trend. Most insurance companies are wary of homeowners being able to rent out their property through a website without conducting a screening process typically done by realtors.

Finally, an insurance company that offers homeowners insurance for short-term vacation rentals!

It is important to talk with your insurance agent, or an agency that specializes in short-term rentals, like us, about the use of your property if you are renting it via Airbnb or VRBO. If you have not disclosed that you are renting your property on a short-term basis, you probably don’t have the proper coverage and future claim could be denied by your insurer on the basis of “material misrepresentation” or “business use.”

Why you need short-term rental coverage for VRBO and Airbnb properties.

Although some short-term rental companies like Airbnb offer guarantees and host insurance, these are not comprehensive insurance policies and often have many exclusions and gaps in coverage. It is always best to have your agent confirm that your current policy will respond to this potential risk exposure.

Bernard M. Insurance Agency, Inc. can help you insure your Massachusetts vacation rental.

Call our experienced team of insurance agents or fill out the form below to get a homeowners