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I noticed that there has been some discussion on this forum about insurance in the US for Airbnb’s.
I called State Farm today because I’m going to rent out one of my houses and in exchange for higher than average rent allow him to Airbnb a couple of rooms in the house.
So I purchased a $1 million umbrella policy that would cover me if my renter did damage to the neighbors or someone on the property was injured.
I mentioned the Airbnb situation and she told me that the business/hotel policy is an extra $1000 a year. - not too bad.
And State Farm did not cancel you when you told them you were running an Airbnb? Good for you! I think you might want to read your policy carefully to make sure that there are no exclusions should they find out it is an STR. Otherwise, that seems like a good deal!