Sevier County Cabin Rental Insurance: Risks You Should Be Aware Of

Sevier County Cabin Rental Insurance Risks You Should Be Aware OfSevier County Cabin Rental Insurance: Risks You Should Be Aware Of

Short term rentals have become a popular choice for many homeowners who may spend weeks or months away on business or vacation, or homeowners who own a cabin as well and don’t want it to sit empty for months. While there can definitely be financial benefits for you if you choose to rent out your cabin to vacationers, there are also risks. You can protect yourself financially with Sevier County Cabin Rental Insurance, but you should also be aware of what your opportunities are as a homeowner should you rent out your vacation home.

In short-term rental situations, landlords often don’t have the time or opportunity to run a background check; including credit checks, speaking with the tenants’ employers, etc. Often times going to this much work will seem pointless if you have a new family staying in your home every weekend. However, some sort of a background check should still be run to avoid problems.

As an example, back in 2012 an online vacation rental company came under fire when a woman who rented out her home for a week through them reported that the vacationers completely destroyed her home; cutting holes in walls to gain access to locked rooms in order to steal family jewelry, passports, and other identification. It’s imperative to know who you are inviting into your home, no matter how long they are staying. You should also take steps to possibly reduce your risks, such as not storing valuable property in the home while you are away.

Another risk you face when renting out your cabin is violating landlord/tenant laws. While you may not think of yourself as a landlord when agreeing to a short-term rental, rental laws may still apply to you. Landlord/ tenant laws protect the rights of both parties and regardless of the contract details, these laws could result in unexpected costs for you. Without Sevier County cabin rental insurance, these legal obligations could be financially devastating.

At Barnes Insurance Agency, we offer a full line of Sevier County Property and Liability coverages, including replacement costs coverage in the event of property damage and loss of owned contents, rental income coverage, and liability insurance that helps with legal fees, settlements, and damage awards. Please contact us at (866) 733-5424 for more information about all of our Sevier County Cabin Rental Insurance Coverages.

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