Short Term Rental in Missouri, Arkansas and Kansas

Short term rental insurance usually isn't to much much than rental property insurance but you have to make sure your rental insurance company offers it. 

Yes! Many companies exclude coverages for short term rentals. 

This all depends on where you live, type of property and your claims history. Using an insurance broker can help shop around and compare pricing. 

Yes! Many companies will allow you to have the LLC as the named insured. 

Yes! Many companies allow you to schedule multiple short term rentals on one policy. 

Potentially. Some insurance companies offer coverage for homeowners who rent out a portion of their primary residence, such as a basement, lower floor, guest house, or individual room. However, a standard homeowners policy may limit or exclude coverage when part of the home is regularly rented to paying guests. It's important to tell your insurance agent exactly how the property is being used so the policy can be structured correctly.

Airbnb and VRBO may provide certain protections while a guest is staying at your property, but that coverage should not automatically be considered a replacement for your own insurance policy. Platform protection can have limitations, exclusions, conditions, and gaps between bookings. Your own short-term rental insurance can provide ongoing protection for the property and liability exposures rather than relying solely on coverage associated with a booking platform.

It depends on how the damage occurred and the specific policy. Insurance generally isn't designed to cover every instance of wear and tear or intentional damage caused by a guest. Some short-term rental policies may provide certain coverage for guest-caused damage, vandalism, or malicious acts, while others may exclude or limit it. This is an important coverage to review when comparing short-term rental insurance policies because the terms can vary significantly between insurance companies.

Short-term rentals commonly have periods when no guests are staying at the property. A policy designed specifically for short-term rentals generally takes this type of occupancy into consideration. This is one reason you should accurately disclose that the property is being used as a short-term rental rather than relying on a standard homeowners or traditional landlord policy.

Many short-term rental policies can provide loss-of-rental-income coverage when a covered loss makes the property uninhabitable. For example, if a covered fire damages the property and prevents you from renting it while repairs are being completed, the policy may reimburse covered lost rental income. Coverage limits and how the loss is calculated vary by policy.

Potentially, but pools and hot tubs create additional liability exposures and can affect which insurance companies are willing to insure the property. Some carriers may require specific safety measures or impose restrictions. Always disclose a pool, hot tub, trampoline, or other significant recreational exposure when requesting a quote.

Yes, many insurance companies that specialize in rental properties can insure properties owned by an LLC or other business entity. It's important that the ownership shown on the insurance policy accurately reflects the property's legal ownership. Depending on your situation, additional insureds or other entities may also need to be listed.

Not necessarily. A traditional landlord policy is generally designed around longer-term tenants rather than frequent short-term guests. Short-term rentals can create different property and liability exposures because occupants regularly change. If you operate an Airbnb, VRBO, or other vacation rental, make sure the insurance company specifically allows the property to be used for short-term rentals.

Yes, liability coverage is an important part of short-term rental insurance. It can help protect you if a guest or other visitor is injured at the property and you are legally responsible. Because short-term rentals frequently have unfamiliar guests on the premises, we recommend carefully reviewing your liability limit rather than choosing coverage based solely on price.

An umbrella policy can provide additional liability protection above the limits of your underlying insurance policies. However, not every personal umbrella policy will automatically cover a short-term rental or business-related rental exposure. If you own a vacation rental, make sure your agent knows about it and verifies that the underlying rental exposure is eligible for coverage under the umbrella.

Sometimes. Depending on the insurance company and how the properties are owned, multiple rental locations may be eligible for a single policy or program. Other insurers may issue separate policies for each location. For investors with multiple properties, it's important to compare not only price but also liability limits, deductibles, property coverage, and how coverage applies across locations.

Be prepared to provide the property address, year built, square footage, roof age, construction type, estimated replacement cost, ownership information, and details about how the property is rented. You should also disclose amenities such as pools, hot tubs, fireplaces, docks, watercraft, or other features that could affect underwriting.