Some of our home insurance clients, looking to help make ends meet, rent out a portion of their home. Some look for a roommate to share the space, while others rent out the entire home for part of the year as a vacation rental.

Renting out a home, or even part of it, for just a few nights constitutes a commercial use of the property. That shift typically requires a different form of insurance. It’s important to avoid unknowingly violating the terms of your current home insurance policy, which could create real problems if you ever need to file a claim.

Consult With Your Insurance Agent About Rental Property Insurance

If you’re planning to rent out your home for income, the smart move is to consult your agent at Champion Insurance Agency in Beaufort, SC, which serves clients throughout South Carolina. Doing this before you start renting helps ensure the right coverage is already in place to protect your interests.

Rental Tenants May Need Rental Insurance

If your tenants want protection for their personal belongings, they’ll typically need a renters insurance policy, separate from the insurance that protects the rental property itself.

Insurance for Short-Term Stays

There’s also specialized insurance designed to protect the personal property of short-term guests, similar to coverage hotels typically carry. If your rental guests tend to stay for short periods, this type of coverage may be worth discussing with your agent. It’s also worth checking with any listing platforms or booking services you use, since many have their own specific insurance requirements for hosts.

Reach out to us at Champion Insurance Agency in Beaufort, SC, serving clients throughout South Carolina, for all your home, commercial, and rental insurance needs.

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