Note: This article has been updated November 2021. This list is not comprehensive and is subject to change at any time.
As the home sharing economy continues to grow, so do 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 replace what they broke. 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.
Home Insurance Resources
We have compiled a list of some companies (in alphabetical order) that offer insurance for home rentals and/or tenant insurance below. 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.
Renting out your home has its perks, but it can also expose you to some costly risks. That’s why Allstate is the first major insurer to offer additional protection for your belongings while renting out your home. If you hold a homeowner’s policy with Allstate, you can add supplemental HostAdvantage home sharing insurance.
CBIZ is an established vacation rental insurance company. Per their website, their policy provides protection for short-term vacation rentals and is designed to replace your dwelling or landlord policy. There are no standard occupancy restrictions and it is available in all 50 states in the US.
For seasonal and vacation homes, you can customize coverage even if you don’t insure your primary residence with Farmers. Farmers also offers tenant insurance.
Lemonade offers hassle-free renters (contents), homeowners, car, pet, and life insurance products in the US and Europe. Lemonade is also a public benefit corporation and a certified B-Corp, which means they care about the community and environment, and not just business results. Once a year, if there are unused premiums left over, Lemonade gives them back to nonprofits our customers choose.
For short-term rentals in the U.S., underwritten by Lloyd’s of London.
Vacation rental insurance priced per night.
Square One is currently available in parts of Canada (British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec. Square One also offers tenant insurance.
Europe and The United Kingdom
Vacation/holiday home insurance in the U.K.
Founded in 1984, Schofields covers rental homes in England, Scotland and Wales. Properties are covered when occupied and unoccupied and the policy is tailored for holiday/vacation letting (renting) or if it’s used by you, friends & family. Schofields only provides coverage for full time residents of the U.K. with a second home in the U.K. The company cannot provide cover for properties which are your main U.K. residence whilst you are working or living abroad.
ShareCover offers tailored insurance that protects you from risks associated with having a guest in your property. It is currently available in AUS, NZ, & Asia and is underwritten by Insurance Australia Group (IAG).
SabbaticalHomes.com does not endorse or recommend any of these companies or services. When engaging with any insurance company, it’s a good idea to ask detailed questions about what they truly cover. If you have had experience with any of these companies, we welcome your feedback in our comments section below.
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