From a stylish urban loft to a cozy country cottage… booking a short-term stay is a hot trend (and a great way to travel like a local.) Maybe you’ve considered becoming a host yourself.If so, you’ve probably wondered: Is it safe? Can I actually make money doing this? What amenities should I offer my guests? Good news: You’re asking all the right questions.Whether you’re looking to rent out your entire home, a guest house or a single bedroom, it pays to do some research first.

From vacation rental sites like Airbnb and VRBO to home-sharing sites like Couchsurfing – even old-fashioned weekly and monthly rentals! – there’s no shortage of options.Keep reading to find out what great hosts know – and what you should know about your homeowners insurance if you’ll be hosting short-term rental guests.3 Essential Tips for First-Time Hosts As a host, a little preparation goes a long way.

Before you list your property online, think through these three topics: How does insurance work for short-term rentals? This can get tricky.Let’s explain.Your listing site’s insurance If you want to host short-term rental guests, do your research on what your online listing site does (and doesn’t) cover.

For example, not every listing site offers liability coverage for hosts.Make time to talk to an insurance professional like a local insurance agent to understand how you can customize your own insurance policy to bridge the gap.Your own insurance policy Here’s the good news: With us, you have options to customize your existing coverage for home sharing, depending on what you’re renting, and for how long.

Why should I add the home sharing endorsement to my homeowners insurance? The home sharing endorsement* from Erie Insurance is designed with short-term rentals in mind.You’ll want to consider it if you’re opening up your primary residence (your own home) to short-term tenants for fewer than 180 consecutive days per year.This endorsement offers additional protection that would apply if something were to happen to a renter or their belongings while renting all or part of your home – for example, if a burst pipe in your home causes water damage to a traveler’s expensive DSLR camera, or your renter is injured by falling down a flight of stairs.

Here’s a little more about how it works: Request a Quote today! For many people, their home is their most valuable asset.Our job is to help them protect it.If you’re ready to be a superhost, request a quote from an Erie Insurance agent to find the best insurance options for you.

ERIE’s Home Sharing Coverage is available with an ErieSecure Home, ErieSecure Condo or ErieSecure Tenant policy.It is not available in North Carolina and Virginia.See the policy for specific coverage details.

Certain terms and limitations may apply.Refer to our disclaimer for additional information.ERIE insurance products and services are provided by one or more of the following insurers: Erie Insurance Exchange, Erie Insurance Company, Erie Insurance Property & Casualty Company, Flagship City Insurance Company and Erie Family Life Insurance Company (home offices: Erie, Pennsylvania) or Erie Insurance Company of New York (home office: Rochester, New York).  The companies within the Erie Insurance Group are not licensed to operate in all states.

Refer to the company licensure and states of operation information.The insurance products and rates, if applicable, described in this blog are in effect as of October 2024 and may be changed at any time.  Insurance products are subject to terms, conditions and exclusions not described in this blog.The policy contains the specific details of the coverages, terms, conditions and exclusions. Your ERIE agent can offer you practical guidance and answer questions you may have before you buy.

A better insurance experience starts with ERIE.Haven’t heard of us? Erie Insurance started with humble beginnings in 1925 with a mission to emphasize customer service above all else.Though we’ve grown to reach the Fortune 500 list, we still haven’t lost the human touch.

Contact Drake Insurance today to experience the ERIE difference for yourself.