Vacation Home Insurance in Waynesville, NC Gatlinburg, TN and surrounding areas

Protect Your Home Away From Home.

 

If you want to use a property as an Airbnb rental or would like to rent out a room in your home, it’s essential to get appropriate insurance coverage. While renting your property is a smart way to increase your income, your regular homeowner’s insurance typically doesn’t provide adequate insurance to protect you from common risks associated with hosting paying guests.

To get your Airbnb property fully covered, you’ll need insurance for short-term rental coverage. Talk with the agents at Overbay Insurance Services in Waynesville, North Carolina, to learn more about your options and to get a quote.

What Coverage Should I Purchase for My Airbnb?

Depending on the features of your property and your specific needs, you may consider coverage offered by Airbnb. AirCover provides the following protection:

·       Host guarantee provides up to $1 million in coverage if guests damage your property or its contents.

·       Host protection insurance provides up to $1 million in liability coverage if a guest is injured or their possessions are stolen or damaged during their visit to your property.

Your agent may recommend that you also consider adding the following coverages:

·       Home-sharing insurance provides liability coverage and property damage coverage for guests and their belongings

·       Short-term rental insurance helps pay for lost rental income if guests cancel. It also helps cover losses due to theft or damage to the property. 

Why Isn’t My Homeowners Insurance Policy Enough for My Airbnb Property?

Your homeowners policy does not provide coverage for a business activity or business liability. While many homeowners policies provide some coverage for occasional rentals, they may not provide enough coverage if your home becomes a business.

Not having appropriate insurance could make you vulnerable to lawsuits and the financial consequences of events beyond your control, such as accidents.

Contact Us Today

At Overbay Insurance Services, we understand that you need insurance to protect your financial future. Your rental property could be a great source of income, and we are ready to help you get the coverage you need to maximize its potential. Contact us today to learn more about your Airbnb and rental property insurance options and to get a quote.