Hello,
I was just wondering whether any one else has tried to source a 'Loss of Income' / 'Rent Guarantee' type insurance product that covers events whereby listed Airbnb properties do not obtain any bookings during certain periods of the year?
I understand that there are other Loss of Income / Rent Guarantee insurance products, but they tend to cover events where the Airbnb property is unliveable due to damage or other circumstances such as rent default by tenants; but what I am looking for is specifically to mitigate against any potential downtick in business.
I have a portfolio of 15 properties and during the quiet periods without any bookings I am exposed to loss of income. I'm not sure whether there are mainstream insurance products that would protect me from such a scenario or whether I would need to look into the specialist insurance sector...
Any information, help and guidance would be greatly appreciated!
Thank you 😃