Hello all,
I am a new host in St Petersburg, FL. I recently purchased a home in the area with a detached garage in the back yard that has been converted into an apartment, which is perfect to rent out on Air BnB! However, when inquring about Homeowner's Insurance with the limited companies that provide coverage in Florida, most of them will not even cover the unit in the back at all if it's being rented out more than 3 calendar days a year, which it obviously would be. I know that Air BnB has their Host Guarantee and Host Protection Insurance which provides limited property damage and liabiltiy coverage, and I've seen that there are also short term rental insurance policies that can be purchased on a month to month basis. However, I would like to know that I have coverage on the unit in the event that something else happens to it that is not caused by or related to the guests in/on the property. Is there anyone who knows more about this topic or has any suggestions on best way to have the rental unit covered in either the same policy as my main house or another option?
Thank you!!