Vacation Short-Term Rentals are furnished self-contained apartments, condos, houses or villas that are rented by owners/hosts to tenants/guests on a daily, weekly, or monthly basis. They are usually seen by potential guests as an alternative to hotels. Most of these properties offer many of the comforts and conveniences of a typical home.
Vacation Short-Term Rentals are offered by private owners and investors directly or via online platforms such as Airbnb and VRBO.
If you are the owner of a Vacation Short-Term Rental property, you want to make sure you have the right insurance in place to protect you and your investment.
A common fallacy is to assume that a traditional homeowners insurance policy will afford coverage for Vacation Short-Term Rentals. In many cases, typical homeowner’s insurance will NOT cover issues that arise in Vacation Short-Term Rentals. If you are contemplating on offering your property as a Short-Term
Rental, it is imperative that you communicate this to your insurer and get confirmation that the policy you have in place will allow for and afford coverage for this type of tenancy. Failure to do so may compromise coverage in the event of a claim.
At FL-CondoInsurance.com we can help you secure comprehensive coverage for your Vacation Short-Term Rentals at competitive rates.