A property rented to visitors is not a rental property in the way a policy means it. It is a small hospitality business, and the form that fits it is not the one that fits a twelve month tenancy.
A landlord policy written for a long lease will not respond properly to a property turning over weekly.
Three things that separate a visitor rental from a tenancy.
A standard landlord form contemplates a tenant with a lease, a deposit and a legal interest in the property. A guest for three nights has none of those, and the exposure changes accordingly: more people through the property, more frequent handovers, and personal property of yours left in it for them to use. The form has to be written for that, not adapted to it.
Someone hurt in a property they paid to stay in is a different claim from a tenant hurt in their home, and it is the exposure that makes short-term renting a business rather than an investment. Personal liability limits are not the right instrument for it.
In a furnished visitor rental, the contents are yours and they are in constant use by strangers. Standard landlord contents limits assume appliances and carpet, not a fully furnished property being turned over fifty times a year.
The questions that decide which product this needs.
The two numbers that tell a carrier what this property actually is.
Set for a commercial exposure rather than inherited from a personal form.
In a furnished let it is usually far higher than a landlord contents default.
Tell us the average stay length, how many bookings a year, and whether it is furnished.
We work out whether this is a landlord risk or a hospitality one, then place it.
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