Yikes! $1800 just for B&B coverage?
My thinking on getting into this was if I could make a few hundred $$ each month to take care of some of my house bills I’d be happy. Can I assume some (most?) of the folks on this site are doing many times that amount and can afford this coverage?
I read the million dollar policy on their web site. At least the small portion posted there. I take it most of you, at least those who are doing this full time, do not rely on that coverage at all and you are getting your own from somewhere else.
I have HO coverage and I also have a separate comprehensive business policy for the work in the office and elsewhere. These are from different companies listed with different agents.
My business policy overs the usual “slip and fall” claim for someone coming to my office, completed operations, fire and theft, damage to others property, etc… Very good liability policy with a two million dollar limit, per occurrence. I pay around $200 for this portion plus an additional amount for my business property. I also have workers comp even though I no longer have any full time help. Still need it to cover my butt for the occasional day hires. As you can see I’m up to my ears in coverage… and let’s not even talk about the cars and motorcycles : (
However, in any case, I doubt what I have now for my business will cover someone staying here. Not to say that cannot be added. Will have to casually broach that subject with my agent.
Interestingly, when I got my (nationwide) HO policy last year for my new/old home the agent asked me if I planned to rent a bedroom out since the place was a bit large. I said “I thought I might rent a room at some point, yes”. He said, and I remember this very clearly, “well, you can rent one room but no more than that”.
We did not talk about length of stay. At the time I was thinking more along the lines of a roommate situation. AirBnB was not on my radar, then.
It could be some may already have that coverage and not even know it. Someone up above posted USAA told them the same thing.