What You Need to Know About Condo Insurance if You Rent Out Your Property on AirBnB

Posted on July 31, 2025October 17, 2025 by admin

Renting out your condo on Airbnb can be a great way to generate income, but it also introduces new risks and responsibilities. Standard condo insurance may not cover short-term rentals, leaving you financially vulnerable if an issue arises. Here’s what you need to know to protect yourself and your property.

Standard Condo Insurance May Not Cover Rentals

Most traditional condo insurance policies are designed for owner-occupied or long-term rental properties. If you rent your condo short-term through platforms like Airbnb, your insurer may classify it as a business activity—and exclude coverage for related claims. Always review your policy to understand what is and isn’t covered.

Consider Short-Term Rental Insurance or Endorsements

Some insurance companies offer specific coverage for short-term rentals. You can either purchase a separate policy or add an endorsement to your existing condo insurance. This type of coverage can protect you against guest-related damages, liability claims, and loss of rental income due to covered events.

Understand Airbnb’s Host Protection Policy

Airbnb provides limited coverage through its Host Guarantee and Host Protection Insurance. However, these programs have exclusions and should not be used as a replacement for personal insurance. They may not cover intentional damage, wear and tear, or high-value items, making it essential to have your own comprehensive policy.

Check Condo Association Rules

Before listing your unit, review your condo association’s bylaws. Some associations restrict or prohibit short-term rentals. Violating these rules could result in fines or legal consequences, so it’s essential to remain compliant.

Protect Your Investment

Renting out your condo can be a profitable venture, but it also comes with unique risks. Ensure you have the right insurance coverage in place so you’re not left paying out of pocket when the unexpected happens.

Learn About Condo Insurance with Kingston Insurance Agency LLC in South Kingstown

At Kingston Insurance Agency LLC, we proudly serve, and we’d love to help you explore your condo insurance options. Contact us or visit our office today to learn more about our services.

Is It Time to Update Your Condo Insurance Policy?

Posted on October 28, 2024October 17, 2025 by admin

Updating Your Condo Insurance Policy

If you’ve been residing in a condo for some time, it might be the perfect opportunity to review and update your condo insurance policy. Circumstances and policy options can evolve over time, and consistently maintaining the right coverage is crucial. At Kingston Insurance Agency LLC, we are committed to helping you select a new policy or update your existing one to safeguard your future. You can experience greater peace of mind in your home with the appropriate coverage.

Our dedicated agents comprehend the nuances of condo living and its pleasures. We also understand the importance of having the coverage options and believe in giving you a choice. That’s why we provide quotes from multiple insurers, enabling you to choose the one that suits your needs and lifestyle. Your current policy might be good, but a better one could be available. Collaborating with us will assist you in making an informed decision, allowing you to implement any necessary changes or updates.

Updating your condo policy is a straightforward and convenient process when you connect with us. We’ll compare your existing policy and the options for updating it with other policies that might serve you better. Having choices for something as valuable as insurance is vital. You don’t have to settle for anything less than a high-quality insurance policy that you feel confident about, ensuring that your condo is adequately protected.

Contact us today at Kingston Insurance Agency LLC if you’re in the area and need to update, change your condo insurance policy. We are ready to work with you to protect what matters most and keep you feeling secure and comfortable.

Friends and Family: Non-Owner Occupied Condo Coverage

Posted on January 22, 2024October 17, 2025 by admin

Condominiums often go through a variety of purposes over the years, each of which requires a review of insurance coverage depending on who’s living in the space.

Keeping Your Insurance Up to Date with Your Condo Usage

It’s also important to consider whether the owner is residing in the condo, renting it to others including friends and family, or simply allowing them to live there for a period of time. Examples might include a home for a student dependent during school years, a home for elderly parents to live nearby or visit, or a place for friends to live once the owner has bought a house. While the financial arrangements for each case are up to you and whoever’s living there, they will most likely determine the kind of insurance coverage required. At Kingston Insurance Agency LLC, we’re your local source for condo insurance in and other nearby towns.

Are You a Landlord, or Just a Friend or Relative?

As condo owners providing short-term rentals on the open market have discovered, defining your role as a non-resident owner can be a challenge. You’ve probably heard stories of how friends and family make arrangements, leaving the terms loosely defined, and discover that the simple fact of people occupying your property allows them specific rights and, for you, responsibilities and liabilities. You may also face compliance issues with a local condo association, which could guide how you define your relationships with the occupants.

Consult With Us

At Kingston Insurance Agency LLC, we can help you adjust your coverage to make sure you’re protected from year to year. We’ll consider factors like who’s living in your property, for how long, and how the state defines your legal relationship each time.

5 Questions About Condo Insurance

Posted on April 11, 2023October 17, 2025 by admin

Are you considering buying a condominium – or do you already own one in and around? If so, it is essential to understand how insurance protects you and your investment. According to Kingston Insurance Agency LLC, condo unit owners must understand how to fill the gap or spotty coverage created by the HOA’s master policy.

To better understand your potential risk as a condo unit owner, find the answers to these questions:

What is the Insurance Deductible for the Homeowners Association?

The master insurance policy for the HOA provides essential coverage for the building and common areas. However, each unit owner will ultimately absorb their relative portion of the HOA’s deductible.

How Much Coverage is Appropriate for Your Unit Owner Policy?

Determine the personal property and/or unit upgrades you want to insure.

Should You Choose Cash-Value or Replacement-Cost Coverage?

After determining the amount of insurance you need, you must decide if you want a cash-value or a replacement-cost policy. The primary difference between these two options is that, for the cash value coverage, depreciation will reduce the amount of the claim, and replacement-cost coverage will not.

Are the Contents and Structures Covered?

Condominium insurance coverage offers protection as follows –

Contents – jewelry and personal property, etc.
Structures – custom cabinetry, flooring, etc.

Is there Coverage for Flood Damage?

Flood insurance is optional unless the condo is in a flood zone. If the entire project is in a flood zone, it is more than likely that the HOA has a master policy. Unit owners can purchase flood insurance privately to cover the contents and structures.