Different kinds of Insurance for Short Term Rentals
Summary
This video describes the three types of insurances needed for a short-term rental: short-term rental insurance, umbrella insurance, and flood insurance if you are near the coast. Short-term rental insurance is similar to homeowner's insurance but may require an additional provision that specifies you can rent it out as a short-term rental. Umbrella insurance will protect you as a person from excessive liability.
More from Regulations & Compliance
Carson City, Nevada, is refining its short-term rental regulations. City supervisors are currently reviewing and modifying the local ordinance during a retreat. This review aims to address operational aspects, potentially impacting local hosts through new or revised rules, emphasizing compliance.
A 21-unit vacation rental in Dunedin, Florida, has been approved, signaling potential growth in the local short-term rental market. This approval could lead to increased accommodation options for tourists visiting the area. This news could also influence local regulations.
St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
Curated by Learn STR by GoStudioM