The Money Mustache Community

Learning, Sharing, and Teaching => Real Estate and Landlording => Topic started by: William Bernard on April 13, 2017, 03:42:44 PM

Title: Does Landlord Insurance Make Sense for Airbnb?
Post by: William Bernard on April 13, 2017, 03:42:44 PM

Would you need landlord insurance if you ran an Airbnb? Airbnb is still a fairly new phenomenon and not accepted everywhere. I actually read an article of an elderly woman who NY came after for running an illegal Airbnb. So what precautions should interested parties take? Is it worth pursuing landlord insurance and is the cost worth it?

http://www.theverge.com/2017/2/7/14532388/nyc-airbnb-first-illegal-renting-fines-issued

http://fitsmallbusiness.com/landlord-insurance/

Title: Re: Does Landlord Insurance Make Sense for Airbnb?
Post by: electriceagle on April 15, 2017, 02:54:37 AM

Alas, (most) landlord insurance won't cut it for Airbnb. You want commercial bed & breakfast insurance.