Report warns short-term rental hosts can face major coverage gaps when listing on Airbnb or Vrbo.
US short-term rental sector valued at $68.64B in 2024; projected yearly ↑7.4% through decade’s end.
Undisclosed rental use can trigger denied claims, reduced liability coverage, higher deductibles, or policy cancellation.
Insurers may reclassify rentals as higher risk, potentially ↑premiums; one unit’s activity can affect a building’s master policy.
Triple-I advises notifying an insurance professional, reviewing policy terms, and considering specialized short-term rental insurance.
