Our top pick: Policygenius home insurance
- Personalized policies
- Compare top-rated companies
- Switch online hassle-free
This article contains links to products or services from one or more of our advertisers or partners. We may receive a commission when you click or make a purchase using our site. Learn more about how we make money.
Updated . What changed?
Homeowners looking to take part in the homeshare market with sites like Airbnb and Vrbo might be surprised to learn that homeowners insurance won’t cover any damages or thefts that happen while your house is rented.
To make things harder, most insurance carriers don’t offer homeshare endorsements — and those that do provide inadequate protection. Before you list your house, it’s important to know what kind of coverage you need to protect your investment.
Homeshare services and insurance carriers offer add-on coverage to provide personal property and liability protections to you while your home is rented. As the owner, you not only worry about theft or damage caused by renters, but personal liability concerns if renters get hurt on your property.
Homeshare coverage bridges the gap since most standard homeowners policies include exclusions specific to renting.
Depending on the homeshare you list your house with, you may already have some form of coverage. But if your service doesn’t offer insurance, or if the insurance offered isn’t enough, you may want to shop around to be sure you’re fully protected.
Listing with Airbnb automatically comes with two forms of insurance:
Listing with Vrbo includes up to $1 million in personal liability coverage if you don’t have that coverage through your homeowners policy. If you do, the Vrbo insurance adds $1 million more to your current coverage.
Globe is a startup company whose platform lets you offer their homes for hourly rentals. It’s ideal for people who want to take a break from roommates, escape a noisy apartment or find a quiet space for remote work and virtual meetings.
As a home-sharer, this site could benefit you if you don’t use your home during the day and want to put your space to work. Day rentals could also work well if you don’t mind sharing a small area of your home with others.
In terms of home insurance for homeowners, Globe covers you with:
The following are the most common gaps in coverage for homeshare owners even with a homesharing add-on:
If you can’t find a reasonably priced home insurance policy with homeshare coverage, you still have options.
Some smaller companies offer short-term rental insurance which comes in two ways:
In some cases, you can purchase a landlord insurance policy. But not only are these policies more expensive than home insurance, some also exclude short-term rentals of less than 30 days.
With the homeshare market rising in popularity, and more risk data becoming available, national insurance companies may start offering homeshare policies. But in the meantime, owners are left to piece together coverage and balance the protections they need with the expense of the policy.
If you’re thinking of listing your property be sure to carefully compare your homeowners insurance options so you can get the best deal and the exact coverage you need.
Learn what services commercial cleaning companies offer and see average cost per square foot + where to find reliable commercial cleaners.
Each year, Thanksgiving Day sees twice as many house fires as usual — mostly caused by this one source. Find out how to protect yourself.
Looking for a professional carpet cleaning service to remove stains and revive your carpet? Read our guide and learn how to find a reliable service.
Find a professional that can sanitize your rugs and eliminate dirt, dust and allergens. Learn what rugs you should steam clean, dry clean and handwash.
Finder takes a deep dive in search of recession-proof businesses and industries, looking into both businesses that are succeeding in spite of the current pandemic and industries that performed well during the Great Recession
While it’s incredibly convenient, you’ll need the right tech to be eligible for this service.
100+ tips from pet experts for pet owners
Learn when your home insurance policy would and wouldn’t pay to remove this building material.
Leaving your job doesn’t have to mean leaving your group life insurance behind.
Take advantage of the lowest minimum coverage rates by earning all the discounts you can.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.