If you rent your property on a site like Airbnb or Vrbo, you may not find a better coverage option than Proper Insurance. The company specializes in short-term rental insurance, with policies that include $2 million in commercial business 澳洲幸运5官方开奖结果体彩网:liability coverage (though you can talk to an agent to get up to $3 million—the highest of any insurer reviewed by Investopedia), bu🃏ilding and contents coverage, and business revenue p♏rotection. 

Proper sells an all-risk policy, which covers more causes of damage or losses compared with named perils policies, which only cover incidents that are specifically listed in the policy. Another differentiator is how Proper handles guest-caused damage. Under most policies, damage caused by renters is covered separately with strict limits on how much it will pay out for repairs. However, Proper’s short-term rental insurance has no sublimits for guest-caused damage; instead, it counts toward your overall building and contents coverage limits. In other words, if a short-term renter causes extensive damage to your property, you can expect Proper to provide a full reimbursement for repairs.

You can get a prꦚice estimate online or speak 🌞to an agent for a more detailed quote. 

Proper’s policies are underwritten by Lloyd’s of London and Concert Speciality Insurance. Lloyd’s receives a higher-than-expected number of complaints for its commercial property and homeowners coverage, while Concert Specialty receives hardly any. However, Proper handles claims administrati✨on in-house and has generally received high marks from customers. One downside, though, is that to file a claim, you need to call; there’s no online⛦ option.

Proper was founded in 2014 a💃nd has offices 🎉in Montana and Maryland.

AirCover comes automatically with your Airbnb listing, so you get this protection without paying extra. With AirCover, Airbnb makes it easy to file claims, provides digital customer service options, and offers up to $3 million in 澳洲幸运5官方开奖结果体彩网:property damage protection—covering major repairs if a g🌟uest causes significant damage to your property. 

If covered damages or losses prevent you from renting💎 your proper♉ty to other guests, this coverage offers up to $3 million to replace lost rental income. AirCover includes some protection from common problems hosts face, like damage caused by pets, damage to your guests’ belongings, theft, and extra cleaning costs.

But AirCover is not a substitute for a comprehensive 澳洲幸运5官方开奖结果体彩网:homeowners or landlord insurance policy. For example, it doesn’t cover damage from natural disasters. And it only c🦹overs Airbnb stays. If you rent your property on other home-sharing platforms or on a long-term basis, AirCover won’t cover any resulting damageཧ or losses. 

Airbnb was founded in 2007 and based in San Francisco.

American Family has the best complaint rate among the insurers Investopedia reviewed, suggesting the company provides solid customer service. It sells short-term rental insurance coverage as an add-on to existing home insurance, protecting home rentals and house guests for stays up to 62 days or less per year. So this✃ coverage is more tailored for those who only rent for short periods and already have American Family homeowners insurance. 

Coverage includes damage to your home, including vandalism, guest theft (but not for money or jewelry), liability insurance, and 澳洲幸运5官方开奖结果体彩网:identity theft protection.

American Family was founded in 1927 and is based in Madison, Wisconsin.

Foremost sells standalone vacation and short-term rental policies that can cover properties for ext𝔉ended periods, including lease agreements up to 12 months, making it ideal if you rent to digital nomads, snowbirds, or anyone else needing a longer-term temporary home. Foremost receives few complaints for its homeowners business compared w🌺ith other companies of its size, suggesting it provides reliable customer service.

You can file claims and request a quote online, but you’ll need to talk to an agent to♑ apply for a policy. Foremost offers discounts for insuring multiple properties, if you go claim-free for an extended period, or if you’re insuring a newer property. It provides up to $1 million in liability coverage, which is comparable to most competitors but less than that offered by Proper Insurance.

Foremost was founded in 1952. It’s part of the Farmers Insurance Group, which is based in Woodland Hills, California.

Allstate could be a good fit for tech-savvy hosts who are interested in convꦯenient digital features like online claims filing and customer service chat, plus a mobile app that lets you make claims, view your policy, and pay bills. HostAdvantage is an add-on to an Allstate homeowners policy that covers you if your belongings are stolen while renting out your home. It also covers up to $10,000 if a guest damages your personal property and your home insurance policy doesn’t cover it.

It also offers a signup perk, providing hosts with a $25 discount on their first four cleanings with the cleaning company Merry Maids. Note that Allstate’s homeowners insurance busi⭕ness has a high complaint rate, which may indicate issues with customer service.

Allstate was founded in 1931 and is based in Lincoln, Nebraska.