I’m in the beginning stages of becoming a host and am wondering if obtaining General Liability Insurance is needed. And, if so, what is the average cost? Thanks!
We would really need to know what country you are setting up in; there are so many variables. If you let us know, I’m sure you’ll get the advice you’re after.
Thank you for the suggestion. I’m in the US.
Where in the US… it can make a difference.
Virginia. Not in a big city.
I am in Virginia. I used Proper Insurance, which provides property and liability coverage for both my home and the Airbnb business, as well as if anyone falls into the firepit in the backyard. There are several threads on the knotty insurance issues; suggest you search and read 'em first.
That’s good to know. Did you also add a rider on your home owners insurance policy? I will be renting from the home in which I reside.
Renting out part of my home voided my homeowners insurance so I had to replace entirely. Please see other insurance threads.