San Francisco’s law regulating short-term rentals has just gone into effect. Rentals for terms of less than 30 days are now allowed, with a 90-night per year max. The latest Zephyr Market Tracker gives you the lowdown on all the details behind the new law.
We also check round up San Francisco’s festival offerings and take a look at Glen Park. All this and the most recent sales and stats. It’s all here in the Zephyr Market Tracker!
The biggest mistake homeowners make when using their property as a short-term rental on sites like Airbnb is having insufficient insurance.
Though Airbnb guarantees up to $1M for property damage, there’s no coverage for an extremely important item—personal liability. If a guest is injured on your property, you’re on your own.
What you need to have in place is a vacation rental policy, which includes coverage called “personal injury,” says Roger Larson of Larson Insurance Brokers/TWFG Insurance Services. This protects you if a short-term tenant is injured during his or her stay. Larson says that many property owners assume they’ll be covered for personal liability on their existing policy. But liability on a primary home policy doesn’t cover any type of rental exposure.… Continue Reading