Reviewed and updated 7/21/2020

The town of Southampton is reviewing the possibility of reduced restrictions for short-term rentals. The current legislation draft only allows residents to rent out their home for a maximum of 2 weeks. Under the new proposed requirements, the town board will have authority to waive these restrictions. The new terms are being reviewed as the town prepares for the 2018 U.S. Open golf tournament.

Update: In additional to the previous minimum two week rental period restriction, hosts like yourself must obtain a short-term rental permit in order to operate your business. Ultimately, the City enforces regulations to preserve their traditional neighborhoods and hope to keep the growing industry at a manageable level. 

Understanding short-term rental regulations and insurance

It’s easier to accept regulations once you understand that cities view short-term rentals as businesses. As with any other business, short-term rentals need to ensure they have proper insurance coverage to protect against any accidents.

When you welcome a paying guest into your home, you are subject to a whole slew of liability concerns. As the cities seek to protect their communities, it’s important that you make sure you and your business are protected as well. You may have a traditional homeowner’s policy for your short-term rental, but that coverage is simply not enough. Most homeowner’s and landlord policies have a “business activity exclusion.” That’s bad news for you as a host.

The good news is you can find a full-replacement, comprehensive short-term rental policy with Proper Insurance. Proper Insurance offers coverage for vacation homes, cabins, cottages, apartments, and more. With coverage for your building, contents, income, and liability ($1,000,000 commercial general liability) you’ll have all the coverage you need to run a successful business.

Call Proper today to discuss their vacation rental policy – (888) 631-6680!

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