Hi everyone. I've had no success getting a straight answer to my question from either VRBO or Airbnb so I'm going to send up a hail-mary here and see if any of you know the solution to my question or know how to get to the legal department of Airbnb for a definitive answer.
I'm a homeowner who would like to rent his home out a few times a year. My insurance company, State Farm, has indicated to me that under my homeowner's policy (which is not commercial since I live in the home) I would not be covered in the event, however unlikely, that my home burned down while a vacationer was occupying it.
This is not an acceptable risk by any stretch of the imagination and, as far as I can determine, VRBO and Airbnb's million-dollar policy is liability NOT property insurance so I (or you if you're in a similar position) would be sh##-out-of-luck in the event of a fire.
I'm reluctant to change insurance companies because, frankly, insurance is getting tough to get in some areas that are near fire threats (I am).
It seems to me that there would be a secondary policy on the market, by some company who would pick up the liability for a week or a month for a fee.
Does anyone know a good solution to get out of this pickle ? I would really appreciate your feedback OR a method to get to someone who knows.