Airbnb, Vrbo, and other short-term rental platforms can be a great way to make money from your property. But be careful: renting out your house, condo, or even cottage can have consequences for your home insurance.
When a tenant occupies your home, even for a few days, the risk is no longer the same. Property damage, theft, fire, or civil liability… your personal insurance policy does not always cover this type of use.
Before posting your ad online, take the time to check your coverage with your broker. They can advise you on the coverage you need to:
- insure against damage caused by a temporary tenant
- protect your civil liability in the event of an accident
- avoid costly unreported claims
Renting, yes but make sure you’re properly insured!
At AGV, we help you see clearly so you can rent with peace of mind.