Vacation rental & short-term rental coverage gaps

Damage to short-term rental properties is a major concern, and traditional homeowner or landlord policies often exclude short-term rental activity. Property owners operating on Airbnb, VRBO, and similar platforms face coverage gaps, exclusions, and confusion about what is and is not covered.

Analysis:

The short-term rental market continues to grow. Purpose-built insurance products for STR operators, embedded at the point of listing or booking, represent a clear product-market opportunity. Proper and CBIZ are early movers but the market is far from saturated.