More homeowners are turning to Airbnb or short-term rentals to earn extra income. But many don’t realise their standard home or landlord insurance may not cover short-term lets. Here’s what you need to know before hosting.
The Rise of Short-Term Lets
- Growing popularity of Airbnb, Vrbo, and holiday rentals.
- Increased income opportunities, but also higher risks.
Why Standard Policies Fall Short
- Many exclude paying guests entirely.
- No protection for accidental damage by short-term tenants.
Specialist Short-Term Let Cover
- Protects against guest damage and liability.
- Covers loss of rental income due to an insured claim.
- Provides peace of mind for hosts relying on rental income.
Checklist for Short-Term Hosts
- Inform your insurer before listing your property.
- Keep guest records and booking confirmations.
- Carry out safety checks (fire alarms, gas certificates).
Thinking of letting your property on Airbnb or as a holiday rental? Speak to Andrew Copeland today about specialist cover to protect your income and your property.
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