One question for anyone doing the AirBNB hustle. Do you have a legit homeowners insurance policy that covers renting for a single night?
Reason I ask is no standard homeowners policy is going to cover someone getting injured on property. When I started to rent out my primary residence I had to change my policy to one which I was renting to a tenant and even that had specific language which pretty much made it clear it was for a long term tenant.
The few people I know who have sought out policies to cover an AirBNB business have not had luck finding one. Also, I forget if it was this forum or another but I recall hearing someone say someone had broken a leg in their place and insurance was refusing to cover it because of it being rented on a nightly basis as a business.
Reason I ask is no standard homeowners policy is going to cover someone getting injured on property. When I started to rent out my primary residence I had to change my policy to one which I was renting to a tenant and even that had specific language which pretty much made it clear it was for a long term tenant.
The few people I know who have sought out policies to cover an AirBNB business have not had luck finding one. Also, I forget if it was this forum or another but I recall hearing someone say someone had broken a leg in their place and insurance was refusing to cover it because of it being rented on a nightly basis as a business.