Lost rental income can be a significant financial blow for short-term rental hosts. The good news is that the right insurance can help.
Loss of Income Coverage
Many short-term rental insurance policies include coverage for lost rental income when your property can't be rented due to a covered event such as fire, storm damage, or vandalism.
What's Typically Covered
- Income lost while property is being repaired from covered damage
- Ongoing expenses like mortgage, utilities, and taxes during the repair period
What's Usually Not Covered
- Guest cancellations not related to property damage
- Market downturns or seasonal slowdowns
- Damage from maintenance neglect
Make sure your policy's loss of income limits are sufficient to cover your expected rental revenue. Contact BlackArrow for a policy review.
