Short-term rental insurance is a type of insurance policy designed to protect property owners who rent out their homes, apartments, or other properties on a short-term basis, such as through platforms like Airbnb or VRBO. Standard homeowners insurance policies typically do not cover short-term rental activities, so property owners may need to obtain a separate insurance policy to ensure that they are properly protected.

Short-term rental insurance policies typically provide coverage for a range of risks, including property damage caused by guests, liability protection in the event that a guest is injured on the property, and loss of income if the property is damaged and cannot be rented out for a period of time. The coverage may also include protection for personal property, such as furniture or appliances, that are used by guests during their stay.

The cost of short-term rental insurance can vary depending on a variety of factors, such as the location of the property, the number of guests that can be accommodated, and the amount of coverage needed. Property owners should work with an insurance agent to determine the appropriate coverage and obtain a policy that meets their specific needs.

To minimize the risk of damage to the property and liability issues, property owners should take steps to screen potential guests and establish clear rules and guidelines for their stay. This may include requiring guests to provide identification, establishing noise restrictions, and setting guidelines for the use of amenities like pools or hot tubs.

Overall, short-term rental insurance provides an important layer of protection for property owners who rent out their properties on a short-term basis. By obtaining coverage and taking necessary precautions, property owners can protect their investment and minimize the financial impact of any potential issues that may arise.