Imagine my surprise when I heard from my longtime home insurance carrier that my policy does not cover my home since it is listed for shorter term rentals. I found out that when I have a guest, my entire home becomes a business. My research into solving my issue was not that easy given I homeshare (I live in my home and rent out my private guest suite). An insurance broker I have full trust in took several days and only found one carrier that would insure under homeshare.....and it was 5 times the cost of my home polity. And it had exclusions such as I was liable for my guests drinking alcohol as well as cannibus smoking (I live in CA....it is perfectly legal). To limit these items on my house rules was a non-starter. I mean, I am not a convent!
So, finally found Proper Insurance. They DO cover homeshares. They are carried by Lloyds of London. They have literally no exclusions and cover all potential issues. Their cost, while higher, was less than twice my original home policy. I knew it would be higher and this smallish increase for full piece of mind was/is well worth it. Combine that with what I experienced as stellar customer support setting up and explaining the policy is reason i recommend them to anyone in my situation.
Give them a call if you homeshare. www.proper.insure
