Short-term rental properties, such as those listed on Airbnb and Vrbo, have become increasingly popular in recent years. However, short-term rental property owners face unique risks that may not be covered by traditional insurance policies.

One of the biggest risks is liability. If a guest is injured on your property or if they damage your property, you could be held liable. Traditional homeowners insurance policies typically exclude short-term rentals, so you would need to purchase a separate commercial liability policy.

Another risk is property damage. Short-term rental properties are often used by multiple guests throughout the year, which increases the risk of damage. Traditional homeowners insurance policies may not provide adequate coverage for short-term rental properties.

Proper Insurance is a company that specializes in short-term rental insurance. Proper Insurance offers comprehensive coverage that includes:

• Building and contents coverage: This covers damage to your property, including the building and its contents.
• Business income protection: This covers lost income if your property is damaged and you are unable to rent it out.
• Commercial general liability: This protects you from liability claims if a guest is injured on your property or if they damage your property.

If you own a short-term rental property, it is important to have the right insurance coverage. Proper Insurance can help you protect your investment and your guests.