![]() A hotel does not carry homeowners insurance – they have a business insurance policy and that is what is needed to fully cover you. ![]() Because Airbnb collects money, they are essentially acting as a hotel. When a homeowner (or renter) places a property on Airbnb – whether a room or the whole home – it ceases to become a residence. Not only does your homeowners insurance not cover rentals and any potential liability, but some insurance carriers, like the MA Fair Plan, will actually drop you if they find out. We get this question a lot – “Does my homeowners insurance cover Airbnb or other online rental facilitators” and the bottom line is no. There are some considerations to take into account however before you become a host – with insurance being one of them. Cape Cod is ripe for a home rental platform like Airbnb and we’ve seen an increase in this type of online, on-demand business model in our beautiful little beach community.
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