Do You Need Rental Property Insurance for Short-Term Rentals or Airbnb?

If you’re a Florida homeowner or landlord offering your property as a short-term rental through platforms like Airbnb or VRBO, it’s essential to understand how insurance plays a role in protecting your investment. Many property owners assume their standard homeowners or landlord insurance will cover short-term rental activities, but this is often not the case.

Understanding Short-Term Rental Insurance

Short-term rental insurance is designed specifically for properties rented out for brief periods—typically less than 30 days at a time. Unlike traditional landlord or homeowners policies, this coverage addresses the unique exposures of frequent guest turnover, such as property damage, liability claims, and loss of income due to covered events.

Potential Risks and Coverage Gaps

Operating a short-term rental can expose you to risks that standard policies may not cover, including:

• Guest injuries or accidents on your property
• Damage caused by renters or their guests
• Theft of personal property or furnishings
• Loss of rental income if your property becomes uninhabitable due to a covered loss

Many insurance carriers exclude short-term rental activity from standard policies, leaving you responsible for costly repairs or liability claims. Some platforms offer limited host protection, but these programs may not provide comprehensive coverage or have significant exclusions.

Why Specialized Coverage Matters

Florida’s popularity as a vacation destination means short-term rentals are common, but it also brings unique risks such as hurricanes, flooding, and high guest turnover. Specialized short-term rental insurance can help protect your financial interests, ensuring you’re covered for everyday mishaps and larger disasters.

Contact Us

At Florida Coast Insurance Agency in Davie, FL, we work with property owners to identify the right insurance solutions for their short-term rentals. We can review your current coverage, explain potential gaps, and recommend policies tailored to your needs.

Contact us today to discuss your options and get a personalized quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.