Short-Term Home Rental Insurance in Lynnwood, WA, Everett, WA, and All of Washington State
Sharing Insurance Services with Washington Home and Condo Owners
The home and condo rental market is booming in Washington - whether your residence is located along the shores of Camano Island, the mountains at Leavenworth, or downtown Seattle. Peer-to-peer leasing is leading this charge, fueled by the popularity of services such as Airbnb, Homeaway, and Flipkey.
Although guests to the Northwest can find accommodations more easily than ever before, proper insurance coverage for home and condo owners is harder to locate. At Mosaic Insurance Alliance, LLC, we remain up-to-date on trends, such as peer-to-peer leasing, and counter risks with adequate and affordable insurance coverage.
Coverage Tailored to Renting Out Your Home via Airbnb, HomeAway, and FlipKey
Residence, vacation home, and room sharing can be a lucrative business for property owners; however, it can also be costly when a loss occurs. Together, we can develop an insurance solution constructed for your specific requirements, allowing you to rest assured when visitors are renting on your property.
Individuals often believe short-term rentals are covered under a traditional homeowners policy. This mindset can be an expensive mistake.
If you’re interested in renting out a primary residence consistently, this may be considered a business endeavor. Homeowners insurance policies do not extend to cover business activities conducted in a home. To be properly protected from financial loss, homeowners must consult their insurance agent on the options accessible.
To learn more about the protection available with short-term home rental insurance, please contact an agent.
Agents Staying Up-To-Date On Renting Trends
When online services, such as Airbnb, found their groove in the Northwest, our agents monitored the risk potential for our clients. Since then, advancements in the program and protection necessary continue to come to fruition. Our focus is to eliminate any gray areas in coverage, making sure protection is solidified for all structures and assets on the residence premises.
Even after an initial policy is in place, we’ll continue checking-in to confirm coverage remains in line with your home or condo sharing practices. If changes in regulations occur, our agents will communicate necessary policy adjustments in a timely manner.
To begin developing a short-term home rental policy with us, request a quote at your convenience.
- What Type of Insurance Do I need If I’m Renting Out My Home? (Insurance Information Institute (III))
- The Scary Insurance Reality for Airbnb Hosts (Property Casualty 360)
- Airbnb Insurance: Is It Reliable? (Investopedia)
At Mosaic Insurance Alliance, LLC we’re proud to provide short term home rental insurance in Lynnwood, Everett, Snohomish, Seattle, Bellevue, and Bothell, WA. We’re licensed to serve a selection of states, including Washington, Idaho, Oregon, and Arizona.