Airbnb and VRBO properties provide guests with convenience and access that basic hotels lack. The increasing popularity of short-term rentals has given homeowners across the globe a new opportunity for profit. While the ease of listing properties makes Airbnb and VRBO attractive prospects, homeowners should be wary of the type(s) of insurance coverage they carry.
On April 19, 2024, in their article “There goes the Neighborhood: What’s Covered When Renting on Airbnb and VRBO?” Berger Kahn attorneys Erin Ezra, Jamie L. Rice, and Madeline E. Ong explored the potential risks homeowners face as hosts. Erin, Jamie, and Madeline discuss possible coverage and limitations in homeowners policies, landlord policies, and the insurance provided through Airbnb and VRBO.
The legal uncertainty that accompanies short-term rental properties makes it increasingly important for property owners to fully understand their insurance policies and available coverage.
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