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STR Insurance Premium Calculator
STR properties need specialty insurance, not standard homeowners; budget accordingly.
Annual premium
$2,575
Property premium
$1,575
Liability premium
$800
How the math works
Property = (value / 100k) × rate. Liability = limit × rate + base fees.
$450k / $100k × $350 + 2000 × $0.40 + $200 = $1,575 + $800 + $200 = $2,575.
How to Use
- Enter property value.
- Enter annual STR revenue.
- Enter liability limit.
- Enter rate per $100 property value.
- Enter liability rate per $1k limit.
- Read annual premium.
Frequently Asked Questions
Why specialty STR insurance?
Standard homeowners excludes commercial use (STR is commercial). Claims on STR activity: denied. Specialty STR insurance: property + liability + lost rental income, approved for short-term rental business. Providers: Proper Insurance, Slice, CBIZ, Comet, Allianz. Annual premiums: $800-3,500 for single property. Multi-property portfolios: $500-2,000/property with volume discount.
Coverage components?
(1) Property replacement: $200-400 per $100k value. (2) Liability ($1M-5M limit): $300-1,000/year. (3) Lost rental income: $200-500/year. (4) Guest injury: included in liability. (5) Flood/earthquake (if applicable): $500-3,000/year additional. (6) Inland marine (contents): $200-600/year. Comprehensive STR package: $800-3,000 typical single-family STR.
Coverage gaps?
Standard STR policies miss: cyber liability (data breach on booking system), bed bug treatment ($1-3k/incident), intentional damage by guests (often excluded), vicarious liability for tenant activities. Umbrella policy: $500-1,500/year for $1M-5M additional liability. Business auto policy: if owner drives to property regularly for management. Workers comp: if hiring cleaners or maintenance as employees.
Portfolio discounts?
Single property: $1,500-2,500 typical. 2-5 properties: $1,200-1,800 per property. 6-20 properties: $800-1,500 per property. 20+ properties: $500-1,100 per property. Umbrella coverage ($1-10M) covers entire portfolio: $1,500-5,000/year. Commercial Property policy if portfolio >5 properties: may be more cost-effective than individual specialty policies.
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