Airbnb

paulsturgess

Evening all. 

I’m about to rent my flat out via Airbnb. Conscious it probably isn’t covered by my buildings insurance. Was intending to buy some specialist Airbnb cover for the period while I’m letting it.

Does anyone have any experience of this? You reckon I need to let my normal building insurer know or if I have separate cover for this just ignore them? Or is it even worth speaking to my building insurer and they might extend the cover free or cheaper than buying independent cover?

Tempted to call the insurer to run it by them but what I don’t want to do is call them and starting drawing attention to it if it’s gonna be a problem.

I would be relaxed about it , but got a complete tosser curtain twitcher upstairs who I’m fully expecting to ask me what the hell is going on and is this all legitimate when he notices.

Baldybonce

If your flat is leasehold it might be worth checking to see if you can sub let, any rules/regs you could be breaching.

paulsturgess

I’m the freeholder as well though so nothing to worry about there. 

Just the insurance factor 

TellyTubby

I'm insured with Cornish Mutual. Its no problem at all. We run a B&B and a self catering apartment, although we were already running the business before joining them.
Rebuild cost cover is £577k as its cob and stone, contents and business loss as well as public liability. Paid the renewal today £715.

paulsturgess

TellyTubby said:

I'm insured with Cornish Mutual. Its no problem at all. We run a B&B and a self catering apartment, although we were already running the business before joining them.
Rebuild cost cover is £577k as its cob and stone, contents and business loss as well as public liability. Paid the renewal today £715.

interesting. But I guess that isn't normal home insurance? I've got normal home insurance and want to adjust it I guess (or supplement). Wondering if anyone has any experience of this!

TellyTubby

paulsturgess said:

TellyTubby said:

I'm insured with Cornish Mutual. Its no problem at all. We run a B&B and a self catering apartment, although we were already running the business before joining them.
Rebuild cost cover is £577k as its cob and stone, contents and business loss as well as public liability. Paid the renewal today £715.

interesting. But I guess that isn't normal home insurance? I've got normal home insurance and want to adjust it I guess (or supplement). Wondering if anyone has any experience of this!

It's normal insurance but they added the letting bit to it as an extra. A bit like having your mate added to your car insurance. 

Rob7Lee

Yes speak to your current buildings insurer, regardless you need to as otherwise may void your policy completely.

bobmunro

paulsturgess said:

I’m the freeholder as well though so nothing to worry about there. 

Just the insurance factor 

I'm assuming mortgage free?

paulsturgess

Rob7Lee said:

Yes speak to your current buildings insurer, regardless you need to as otherwise may void your policy completely.

have spoken to them, they said I can do it for up to 30 days a year..

Rob7Lee

paulsturgess said:

Rob7Lee said:

Yes speak to your current buildings insurer, regardless you need to as otherwise may void your policy completely.

have spoken to them, they said I can do it for up to 30 days a year..

Assume that's not enough?

paulsturgess

Err should be fine. Only intending to do it when I’m on holiday which probably won’t be for much more than 30 days sadly! 

May look into a different policy which allows longer next year depending on how it goes.

Hartleypete

As somebody above mentioned if you have a mortgage on the property you will almost certainly need the mortgagors permission to let.