Anyone losing home owners insurance due to air Bnb?

Stacy203
Level 2
Sarasota, FL

Anyone losing home owners insurance due to air Bnb?

Informed we are losing FL homeowners insurance due to Air Bnb unit with NO claims.  We live on property as well so we’ll kept and monitored. New rates are sky high for other company, but most won’t underwrite anymore.  
This is a severe hit on users of Air Bnb and likely unsustainable for most people. The end result being a collapse of Air Bnb.  Anyone have answers?  Corporate? 

7 Replies 7
Ashley678
Level 7
Apache Junction, AZ

hi, all parts of Florida? 

Apparently. 

Ashley678
Level 7
Apache Junction, AZ

I know the answer but its costly. 

Sierra11
Level 3
St. Petersburg, FL

I've helped clients buy properties for Airbnb and it's very important when buying homeowners insurance to see if it covers rentals. It does limit your options but otherwise, as you are now witnessing, they can drop you and deny claims. If you'd like I can send you my insurance provider recommendation

 

Sierra Kluson

Keller Williams Realty St Pete

Yes please!  We are near in Sarasota. 

@Sierra11 

Sierra

Who do you suggest for Air BNB insurance there in the Tampa area?

Thank you

 

Sierra11
Level 3
St. Petersburg, FL

I'd recommend reaching out to The Hodgdon Team with Florida Strategic Insurance