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Short Term Rental Insurance Overview

Short Term Rental Insurance Overview

Short Term Rental Insurance Overview

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What Is A Short Term Rental

A short term rental is the renting out of a furnished apartment, house, cottage and/or professionally managed resort-condominium complex on a temporary basis to others as an alternative to a hotel. The term short term rental is mainly used in the US and Canada. In Europe the term villa rental or villa holiday is preferred for rentals of detached houses in warm climates. Other terms used are self-catering rentals, holiday homes, holiday lets (in the United Kingdom), cottage holidays (for rentals of smaller accommodation in rural locations) and gites (in rural locations in France).

Short term rentals have long been a popular travel option in Europe (especially in the UK) as well as in Canada and are becoming increasingly popular across the world due to the proliferation of online services like,  Airbnb, VRBO etc. that easily match renters with owners. Source:

Although short term rentals have recently become popular among property owners, few owners measure the actual risks involved which can be significant. In order to ensure proper coverage for your short term rental, each risk must be individually assessed on its own merits and exposures. ALIGNED Insurance Advocates can help identify risks and esnure you have the correct coverage and tailor-made rental solutions from some of Canada’s most reputable insurance companies like APRIL and others.

Eligible Properties For Short Term Rental Insurance Include:

  • Stand alone rentals
  • Condo and secondary or seasonal
  • Homes are eligible too
  • Property owners who rent out part or all of their home
  • 100% short-term rental occupancy
  • Airbnb and HomeAway hosts qualify as well as home exchange
  • Seasonal Cottages
  • Season Ski Chalets

Short Term Rental Insurance Coverage Features

  • Water & Sewer back up options may be available
  • Rental value can be included, up to 10% of the property value
  • Vandalism & theft during rental period may be available at an additional cost
  • Liability extension for specific watercraft made available for guests subject to conditions

For A Short Term Rental Insurance Overview And/Or More Information On Short Term Rental Insurance Speak To An ALIGNED Insurance Advocate Or Connect With Us Today At 

ALIGNED Across Canada   100% Canadian owned, ALIGNED is a premiere insurance brokerage that serves more than 1,400 clients across the country. ALIGNED’s offices in Toronto, Calgary and Vancouver are supported by a national operations centre in Cambridge, Ontario. Uniquely within the industry, ALIGNED creates, negotiates and delivers the best business insurance and risk management strategies/solutions to organizations like yours.

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