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Host Insurance Program

The idea of leveraging your real estate for additional gains, being a host to visitors and meeting new people from around the world can be very exciting. More and more owners are turning their properties into short-term rentals. This is largely due to the unprecedented growth of property managers and short-term rental advertising opportunities on websites like Airbnb, VRBO, HomeAway, TripAdvisor, FlipKey, RentByOwner, BookByOwner, and more.

 

At Commercial Coverage Insurance Agency, we understand the hosting market and have created a custom Host Insurance Program to replace your standard insurance policy. If you are hosting short term rentals within your properties, your current policy may not accommodate this type of use. The Commercial Coverage Host Insurance Program (CHIP) will provide for coverage for both long term and short term rentals within your properties.

 

Coverage Highlights

  • $1,000,000/$2,000,000 Host liabilities & landlord liabilities
  • Liability coverage continued to amenities: swimming pools, hot tubs,
  • Property coverage of owner
  • Back up of sewers and drains
  • Loss of income
  • 3rd party liabilities
  • Individuals, corporations, LLC’s, partnerships accepted
  • Commercial Umbrella up to $5,000,000 and more.
  • Owner occupied ok, endorsements required.

 

Frequently Asked Questions

What is considered short-term renting? In the insurance world, a property that is rented for less than 30 days at a time is typically considered short-term. A property in which the renter does not reside/live at the dwelling.

 

Why does my homeowner's policy not cover my short-term rental? All homeowner's policies carry a "business activity exclusion". In other words, any claim involving a "business activity" could rightfully be denied.

 

Is my short-term rental really a business? Yes. More and more cities like Austin, Santa Barbara, and Chicago is now requiring short-term rental owners to carry and pay for a business license. Note: Starting Feb 2015 in San Francisco Airbnb Hosts will be required to pay 14% hotel tax and carry $500,000 in liability coverage.

 

How do I get covered for business activity? You buy a business insurance policy. The As the use of your property changes, your risk management strategy needs to be updated as well. Work with our advisors or get it right and take care of your business.

 

If I insure my short-term rental as a business, can I also stay there? Yes. There are no standard occupancy restrictions on a business policy. This means the property is insured while you stay there, friends or family, and of course paying guests.

 

My short-term rental is also my primary residence, can I still purchase the CHIP policy? Yes. If the short-term rental home is also your primary residence, Proper simply adds $1,000,000 in personal liability and $50,000 in loss of use to relocate in the event the property is being rebuilt. This is very important if you do not carry a homeowner's policy elsewhere.

 

What if I also live at the short-term rental, can I still purchase the CHIP policy? Yes. You have the same business exposure. We see every scenario imaginable. You live upstairs and short-term rent the downstairs. You live in the main home and rent out the guest house, etc.

 

If I have the CHIP policy do I keep my homeowner's or landlord policy in place? No. The CHIP policy is designed to fully replace the current coverage you have. You would cancel your current policy.

Our Locations

Corporate Office

388 Market Street
San Francisco, CA 94111
Main office: 415-436-9800
Toll free: 877-776-5900
Fax: 415-520-0297

San Rafael

999 5th Avenue, Suite 590
San Rafael, CA 94901
Main office: 415-436-9800
Toll free: 877-776-5900
Fax: 415-520-0297

Our Providers

Testimonials

Libby is our Certificate of Insurance / Additional Insured Goddess. Managers, always forward your requests from new clients needing such directly to her.

Client
I have been using Commercial Coverage Insurance Agency for over 10 years. Not only do I have my Personal and Business coverage placed by Commercial Coverage but several of my client’s coverage as well. The staff is knowledgeable, the quotes are competitive and the service is top notch. If you want a partner you can trust in the insurance business, Commercial Coverage Insurance is the right choice for all of your insurance needs.

Client
Thank you Libby...you're the best!

Client
I would like to extend a very hearty thanks to you and the ComCov team that worked on this. We received our loan commitment yesterday, thanks significantly to what ComCov did to provide insurance services. On a very tight time frame, ComCov was able to deliver. That effort went a long way towards getting this deal to the finish line.

Client
You guys were so amazing on our photo finish that Friday! Now we want to add to our coverage. We would like a personal injury policy, and as well, we need an umbrella policy for all our properties. thank you!

Client
Excellent. That’s almost a 50% savings! Call Corey… and you could save 50% or more on your multi-family insurance.

Client
Samantha, Thanks for the quick response. You're a true professional.

Client
Great guy, does a great job.

Steve Raffo Client
Dear Adriana: Thank you for your hard work. All docs signed. Thank you for getting me this emergency coverage.

Client
Hi Corey, Thank you so much for trying to save me money! I’m still putting 2 children through college. I appreciate it!

Client
Excellent. That’s almost a 50% savings! Call Corey…and you could save 50% or more on your multi-family insurance.

Client
Thank you Libby for sending directly to Logix. That was amazing!

Client
On more than one occasion, Commercial Coverage Insurance Agency has provided exemplary service. In my job in the commercial lending industry, I have reached out to ComCov many times usually under less-than-ideal conditions and ComCov has risen to an unusual challenge nearly every single time. From providing quotes to revising insurance certificates, ComCov is simply A+. They are also always competitive on premiums. No, I am not paid by Commercial Coverage. I am just honestly impressed by their very efficient machine.

Client
Hello Adriana, From now on you will take care of all my insurance needs. LOL! you are so awesome! Quick and efficient. I love it.

Client
Honestly, not to sound cheesy, but the reliable service your team provides is thank you enough. I constantly have clients who say they have insurance “taken care of” and then they call me in a panic when their guy drops the ball. I refer them to you, and I’m pretty sure you are batting 1,000%.

Client