Renting your cottage or cabin can be a great way to earn extra income, but without the right insurance, you could be putting yourself at serious risk. Most standard seasonal property policies are meant for personal use—not short-term rentals.
Once paying guests are involved, your insurer may require a rental endorsement or a separate commercial policy. This added coverage protects you if a guest is injured, if your property is damaged, or if theft occurs during a rental. It can also cover lost income if the space becomes uninhabitable due to a claim.
Occasional rentals to friends or family might be allowed under your current policy, but regular listings on platforms like Airbnb or VRBO will likely require different coverage.
Before listing your property, talk to your insurance advisor. Ask if your current policy allows rentals, what additional coverage is needed, and what’s included in case something goes wrong.
Peace of mind starts with being properly protected—before the first guest checks in.
Read more on: InsuranceCanada.ca