Vacation Homes and Insurance Coverage
The way that you are able to book vacation homes has changed significantly in the last couple of years. Websites such as Airbnb and Couchsurfing allow you to book a single night or an entire month’s stay in someone’s home. It also gives you the opportunity to make some extra cash by signing up with these sites. Before you decide to open your house up to vacation goers, make sure to consider how it will affect your homeowners insurance policy.
Both Couchsurfing and Airbnb give you the opportunity to fill out a detailed profile listing specific details about your house, including location, number of beds and bedrooms, and amenities offered. You are allowed to accept or deny any request to stay at your house after learning more about the potential visitor.
Listing your home on one of these apps also opens the door to many more risks. Make sure to talk with your home insurance agent to ensure that you have the right amount of coverage. If you only rent out your house for a couple of days a year, your existing home insurance policy will most likely provide enough coverage. However, if you have a vacation home that you regularly rent out for much longer periods of time, you may want to consider investing in a landlord insurance policy, which will better protect your property. You should also make sure that your tenants, no matter how long they are staying, have their own renter’s insurance policy that will protect all of their belongings that they bring with them during their stay.
For all of your homeowners insurance needs to ensure that your vacation home is properly protected, contact Kelly Williams Insurance in Long Beach, California. As an independent insurance company, we will work with you to make sure that you have the protection that you deserve, all at the right price to fit your budget.