July 12, 2018: Airbnb sounds easy, but you need to check your homeowners policy to make sure you’re covered for any damage — and your rental is legal. Some cities require a permit, limit the number of days you can rent and may put a tourist or sales tax on your revenue. Allstate has a policy that offers to cover $10,000 in rental liability — for $50 a year. And, you need to pay taxes on your rental earnings. The TC is not an Airbnb fan, but if you do rent through them, cover thy self!!!
