Category Archives: New York

Have you decided to rent your home short-term? It sounds like a great idea, as long as you trust that your fellow humans will treat your property as you would.

Have you signed up with Airbnb or VRBO? They can offer you the opportunity to benefit from doing just that.

If you are thinking about just such an adventure, there is one important question you need to ask. What sort of insurance coverage you will have while your home is occupied by your guests?

The best-known of these companies offers primary personal liability and property damage coverage. But coverage will only respond when renters who have signed up through the company’s website are occupying the premises. If you develop a relationship with a renter and want to rent to them outside of the website, that coverage may not respond.

The same will probably be true of your current home, condo, co-op, or renter’s policy. You should speak to your insurance agent to confirm. For the most part, your personal home policy will exclude most of the exposures that arise from the short-term rental.

Many insurance companies do offer coverage for rental homes. Make a point of speaking with your independent insurance agent. The most important thing is that you are covered properly in the event of a loss.

Call Avalon Agency for a quote for your New York or Connecticut insurance coverage.