Renters Insurance

[Linda1633]

Has anyone in the USA (New York) gotten renters insurance for their Airbnb? I don't want to rely on Airbnb's "million dollar coverage." I understand that filing a claim on your own homeowner's insurance can void your insurance.

[Ann72]

@Linda1633 Renters' insurance wouldn't cover you.  That covers you when you are renting a space to live in yourself, or it's added to your policy when you are renting out your place for a long period of time with a lease, security deposit - the traditional way.  Your insurance broker can find insurance that covers short-term rentals.  Mine got me covered through Merrimack Mutual.  Many insurance companies don't offer this kind of insurance but it's important to have and it can be found.

[Linda1633]

Thank you, Ann, for the information.

I asked my insurance broker.  He says I can add on to my present homeowner's insurance for a small fee, but it's limited to 12 weeks a year.  He said if I go over that, it will void my insurance.  I may need another company to cover me. I will suggest switching to Merrimack Mutual.

He went to the Airbnb website and saw their claims of $1,000,000 coverage, but from what I've seen here, it is very difficult to get a payout.  I live in my rental, which has an in-law apartment, and I don't do instant book,  I limit my guests to two adults, and my house rules are very explicit, so I haven't had any problems with parties, etc.  But in the event of an accident, I want my home protected.