Flood Insurance- Airbnbs are more expensive?

James2656
Level 1
Woodbury, NJ

Flood Insurance- Airbnbs are more expensive?

I host an Airbnb in Florida on a water canal that leads to the Gulf of Mexico.  I am in a Flood Zone and require Flood Insurance.  When the Insurance Companies learn that the house is an Airbnb they quote a higher premium?  Is anyone aware of an insurance company that is "Airbnb friendly" and offers competitive rates for Flood Insurance?

1 Reply 1
Helen3
Level 10
Bristol, United Kingdom

Insurance for commercial rentals will always be more expensive than for domestic home insurance so you will be paying a higher rate.

 

why not speak to an insurance broker and see if they can get you two or three quotes? @James2656