More people than ever before are renting out their homes during football season to earn extra money when there’s a Volunteers game, but year-round, home rental is increasing. When you have additional people who are borrowing your home, there’s a risk of damage to property and an increased liability for injuries to those people. You need overnight rental insurance in Knoxville, Tennessee to protect your home and assets.
Overnight rental insurance covers a broad range of risks, such as:
- Accidental damage by tenants
- Non wear-and-tear events, natural and manmade
- Storms and fire damage
- Liability for guests
You can also ask about earthquake and flood damage, and other types of water damage. There are policies for landlords if you have multiple locations or high-hazard features, such as a pool, on your property. Also available is coverage to protect your income while your home is being repaired or replaced.
Talk to your insurance agent about the risks you face when you rent out your home. Get overnight rental insurance in Knoxville, Tennessee and open your home to earn extra income and bring visitors into the community. Minimize the liability you face by discussing how to protect your guests and property when you’re renting. You’ll sleep better at night knowing that you’re covered in case the worst happens.