Insight
The standard recommendation is a minimum of $1 million per occurrence and $2 million annual aggregate per location for premises liability.
Landlord Liability 101: What Every Investor Needs to Know
Summary
This article emphasizes the importance of landlord liability insurance for short-term rental hosts to protect against lawsuits arising from injuries or property damage on their properties. It explains what landlord liability insurance covers, what it doesn't, and how much coverage hosts should consider, with a minimum of $1 million per occurrence recommended. Hosts should review their current insurance policies to ensure they have adequate coverage and understand potential exclusions.
Key takeaway