Insurance when renting out your camp

missmybid · 06-08-2019, 06:12 PM

Hello, I am considering renting out my island camp. Do I need to notify my homeowners insurance agent? I noticed that AirBNB offers host liability insurance. Does that suffice? Any experience or info you have would be greatly appreciated. Thank you.

tis · 06-08-2019, 07:04 PM

Yes you do. It make a difference if you rent or not.

fatlazyless · 06-08-2019, 08:29 PM

Landlord insurance: https://www.iii.org/article/coverage...-out-your-home ..... totally excellent insurance coverage is the only way to go ..... without it ..... you should not go the rental route .... no deductible ...... as in zero deductible is always worth the extra cost.

Then ..... when you have a claim .... you get zero deducted ... and your friendly insurance company pays for everything.

Top-Water · 06-09-2019, 08:12 AM

Quote:

Originally Posted by missmybid

Hello, I am considering renting out my island camp. Do I need to notify my homeowners insurance agent? I noticed that AirBNB offers host liability insurance. Does that suffice? Any experience or info you have would be greatly appreciated. Thank you.

Generally one of the first things any insurance agent asks when getting home owners insurance is the question > Will this be owner occupied? If not they need to know. Without letting them know that it might not always be owner occupied gives them a leg to stand on to give you nothing if something happens when or if you rent without the insurance companies knowledge.

garysanfran · 06-09-2019, 08:45 AM

A good umbrella liability policy in addition. It'll run about $600 for a $3mm policy.

The Real BigGuy · 06-09-2019, 09:22 AM

My insurance company wouldn’t cover my island home under my umbrella policy.

Sent from my iPhone using Winnipesaukee Forum mobile app

garysanfran · 06-09-2019, 10:36 AM

My umbrella liability policy in San Francisco won't cover me in New Hampshire. I had to get another policy.

codeman671 · 06-09-2019, 10:43 AM

Vrbo/HomeAway offers renters insurance as an option as well as a $1mil landlord policy as part of your fees.

elbie · 06-09-2019, 12:00 PM

We require our renters to purchase the insurance through VRBO.

06-08-2019, 06:12 PM	#1
missmybid Junior Member Join Date: Mar 2011 Posts: 17 Thanks: 26 Thanked 1 Time in 1 Post	Insurance when renting out your camp Hello, I am considering renting out my island camp. Do I need to notify my homeowners insurance agent? I noticed that AirBNB offers host liability insurance. Does that suffice? Any experience or info you have would be greatly appreciated. Thank you.

06-08-2019, 08:29 PM	#3
fatlazyless Senior Member Join Date: Apr 2004 Posts: 9,169 Blog Entries: 1 Thanks: 310 Thanked 1,103 Times in 812 Posts	Landlord insurance: https://www.iii.org/article/coverage...-out-your-home ..... totally excellent insurance coverage is the only way to go ..... without it ..... you should not go the rental route .... no deductible ...... as in zero deductible is always worth the extra cost. Then ..... when you have a claim .... you get zero deducted ... and your friendly insurance company pays for everything. __________________ .... Banned for life from local thrift store!

06-09-2019, 08:45 AM	#5
garysanfran Senior Member Join Date: Jul 2009 Location: San Francisco/Meredith Posts: 1,639 Thanks: 727 Thanked 705 Times in 363 Posts	Also consider.... A good umbrella liability policy in addition. It'll run about $600 for a $3mm policy. __________________ Gary ~~~~_/) ~~~ ~~~~~~~~

06-09-2019, 10:36 AM	#7
garysanfran Senior Member Join Date: Jul 2009 Location: San Francisco/Meredith Posts: 1,639 Thanks: 727 Thanked 705 Times in 363 Posts	Umbrella policy... My umbrella liability policy in San Francisco won't cover me in New Hampshire. I had to get another policy. __________________ Gary ~~~~_/) ~~~ ~~~~~~~~

06-09-2019, 12:00 PM	#9
elbie Member Join Date: Feb 2017 Location: Hamden, Ct. Posts: 47 Thanks: 14 Thanked 7 Times in 7 Posts	Rental Ins. We require our renters to purchase the insurance through VRBO.

06-08-2019, 07:04 PM	#2
tis Senior Member Join Date: Jan 2006 Posts: 6,941 Thanks: 795 Thanked 1,493 Times in 1,040 Posts	Yes you do. It make a difference if you rent or not.

The Following User Says Thank You to tis For This Useful Post:
upthesaukee (06-08-2019)

06-09-2019, 09:22 AM	#6
The Real BigGuy Senior Member Join Date: Apr 2004 Posts: 1,330 Thanks: 128 Thanked 478 Times in 293 Posts	My insurance company wouldn’t cover my island home under my umbrella policy. Sent from my iPhone using Winnipesaukee Forum mobile app

06-09-2019, 10:43 AM	#8
codeman671 Senior Member Join Date: Jan 2005 Posts: 3,604 Thanks: 223 Thanked 856 Times in 519 Posts	Vrbo/HomeAway offers renters insurance as an option as well as a $1mil landlord policy as part of your fees.