As the home sharing economy continues to grow, so do the accompanying services. A more recent development has been on-demand insurance for home rentals – for both the homeowner and the tenant. This additional service can bring peace of mind for your property while you rent it out (or while you are a tenant) – generally protecting you from covered events such as theft, damage, and more.

Most members of the Sabbatical Homes community are like-minded individuals who are ethical and will want to repair or replace any damage. We entrust our community to engage with each other with decency and dignity, but it’s never a bad idea to have an additional layer of protection.

We have compiled a list of companies that offer insurance for home rentals and/or tenant insurance. SabbaticalHomes.com does not endorse or recommend any of these companies or services. When engaging with any insurance company, it’s crucial to ask detailed questions about what they cover if you need to file a claim. It’s also important to check your area’s short-term, medium-term and long-term rental laws and regulations prior to arranging a contract.

Related: Guidelines in FAQ for Trust & Safety between Members

United States Home Insurance Services

Allstate HostAdvantage

Allstate HostAdvantage is an add-on to existing homeowners or condo policies, providing up to USD $10,000 in personal property coverage per rental period. The coverage is available in several states including Arizona, Colorado, Illinois, Michigan, Tennessee, and Utah, and costs approximately USD $50 per year.

• Pros:
  • Comprehensive coverage for homeowners
  • Established company
• Cons:
  • Only available to existing Allstate policyholders

 

CBIZ Vacation Rental Insurance

CBIZ offers vacation rental insurance across all 50 states, designed to replace traditional dwelling or landlord policies without standard occupancy restrictions.

• Pros:
  • No occupancy restrictions
  • Available nationwide
• Cons:
  • Primarily focused on short-term rentals

 

 Farmers Insurance

Farmers Insurance allows customization of coverage for seasonal and vacation homes, even if your primary residence is not insured with them. You can also purchase renters insurance for tenants.

• Pros:
  • Customizable coverage
  • Available for non-primary residences
• Cons:
  • Requires separate policies for primary and rental homes

 

Lemonade

Lemonade provides a variety of insurance products, including renters (contents), homeowners, car, pet, and life insurance policies in the United States and Europe. As a certified B-Corp, Lemonade emphasizes community and environmental care.

• Pros:
  • Multiple insurance types
  • User-friendly
  • Supports charitable causes
• Cons:
  • Limited availability in some states
  • Primarily app-based

 

Proper Insurance

Proper Insurance offers a comprehensive, stand-alone policy specifically designed for short-term rentals, underwritten by Lloyd’s of London, and available in all states​.

• Pros:
  • Underwritten by Lloyd’s of London
  • Tailored for short-term rentals
• Cons:
  • May be costlier than traditional insurance

 

Safely

Safely provides vacation rental insurance priced per night, offering flexibility for short-term rentals.

• Pros:
  • Priced per night
  • Easy to scale up or down with rental usage
• Cons:
  •  May be expensive for long-term rentals

 

Home Insurance Available in Canada

CAA Insurance

CAA Insurance provides coverage for short-term rentals as an add-on to existing policies in several provinces.

• Pros:
  • Provides coverage for short-term rentals as an add-on to existing policies in several provinces.
• Cons:
  • Limited to specific provinces
  • Must have an existing policy with CAA

 

Intact Insurance

Intact Insurance offers coverage for short-term rentals in Canada.

• Pros:
  • Specialize in short-term rentals
  • Strong protection for rental income and liability
• Cons:
  • Potentially higher premiums

 

Square One

Square One is available in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec, offering both home and tenant insurance.

• Pros:
  • Available in multiple provinces
  • Customizable coverage
• Cons:
  • Limited to certain regions

 

Europe and The United Kingdom: Home Insurance Providers

Boshers

Boshers offers vacation/holiday home insurance in the United Kingdom.

• Pros:
  • Specialize in holiday home insurance
  • Covers occupied/unoccupied properties
•  Cons:
  • Only available to residents of the United Kingdom with U.K. properties

 

Lemonade

Lemonade provides insurance products in Germany, the Netherlands, and France.

• Pros:
  • Public benefit corporation; available in several European countries
• Cons:
  • Limited to specific regions

 

Schofields

Schofields covers rental homes in England, Scotland, and Wales, specifically tailored for holiday/vacation lets.

• Pros:
  • Tailored for holiday letting
  • Established in 1984
•  Cons:
  • Only for UK residents with secondary homes in the UK

 

Home Insurance Options in Australia

NRMA Insurance

NRMA Insurance offers specific coverage for short-term rentals within Australia.

• Pros:
  • Specific coverage for short-term rentals
  • Well-established in Australia
•  Cons:
  • Limited to the Australian market

 

ShareCover

ShareCover offers tailored insurance for guest-related risks. It is available in Australia, New Zealand, and parts of Asia, and ShareCover is underwritten by the Insurance Australia Group (IAG).

• Pros:
  • Covers risks from guests
  • Available in Australia, New Zealand and Asia
• Cons:
  •  May not cover all types of rental properties

 

Terri Scheer

Terri Scheer provides landlord insurance that covers short-term rental scenarios in Australia.

• Pros:
  • Provides comprehensive landlord insurance for short-term rentals
• Cons:
  • Primarily focused on Australia
  • May not cover all types of rental properties

 

Note: This article was updated in September 2024. This list is not comprehensive and is subject to change at any time.  If you have had experience with any of these companies, we welcome your feedback via email us using our Contact Us page.  We love to hear from our community; connect with us on Twitter, LinkedIn, Facebook, Instagram, YouTube and Pinterest.