Short-term rental insurance in Illinois

Renting short-term on Airbnb or VRBO in Illinois turns a home into a business, and most homeowners and landlord policies quietly exclude that. Short-term rental insurance covers the property, your liability for a guest injury, and the income lost while a covered event keeps the rental empty.

Thank you! Your submission has been received!

Oops! Something went wrong while submitting the form.

Trusted by Illinois short-term rental hosts.

Eric Martin

I had a quote within half an hour and then connected them with my mortgage lender for closing via email. Very easy to work with.

Elizabeth Oreo

They respond quickly and communicate well. I was able to get the policy I needed to convert my vacation home to Airbnb.

Arnold Chambers

The process of getting a landlord policy was very smooth. A few text messages, and the price was great, new policy saved us over $600!

Protect your Illinois vacation rentals with short-term rental insurance

Illinois Airbnb hosts in Chicago, Springfield, and Rockford must navigate local licensing and tax laws. Steadily’s short-term rental insurance gives property owners peace of mind with coverage for liability, property damage, and guest-related issues.

Whether you manage one home or several, our plans keep your Illinois vacation rentals compliant and protected.

From guest injuries to storm and fire damage in Illinois, a dedicated short-term rental policy from Steadily covers the building, your liability, and the income you would lose after a covered loss.

Who is short-term rental insurance for?

Short-term rental insurance protects your investments when they are rented as a vacation rental, Airbnb, VRBO, etc. Short-term rental insurance covers rental periods as short as one night. This insurance offers coverages for:

Legal liabilities

Fire and water damage

Financial protection against natural disasters

Protection for your furnishings

What does short-term rental insurance cover?

We cover a wide range of risks, or you can choose a limited set of coverages for a lower premium

Fire

Covers damage from fire, smoke and related events, such as wildfires, accidental kitchen fires or electrical fires caused by malfunctioning appliances.

Legal liability

Landlord liability insurance pays medical bills, legal defense, and settlements when a tenant or visitor is injured at your rental. Steadily writes $300K-$2M of liability into every landlord policy in all 50 states. Quote in two minutes.

Water

Covers certain water damage not caused by flooding, including burst pipes, HVAC leaks and plumbing overflows.

Storm and hail

Covers damage to your rental property caused by storms, hail, wind and lightning - such as fallen trees or hail punctures in roofing structures.

Loss of rent

Covers lost rental income for when your rental becomes uninhabitable due to covered perils, or while the repairs are being made.

Vandalism & burglary

Covers damage made to your rental property by a burglar or a vandal, such as broken windows or defacements made to walls or exterior structures.

Riot & civil commotion

Covers damage to your rental property caused by riots, civil unrest, and public disturbances.

Short-term vs. long-term rentals explained

Short-term rentals

Stays that are 30 days or less at a time.

Rented in short stays

Guests book by the night or week, cycling through constantly instead of one household staying put. A short-term rental policy is priced for that turnover.

Furnished space for paying guests

You supply the beds, furniture, and everything guests use.

Rental income rises and falls with bookings

Revenue is variable and business-like, and loss of rent coverage can replace bookings lost after a covered event.

Requires an STR policy or endorsement

An STR carries a meaningfully different risk profile than a long-term rental. Having the wrong policy can result in coverage gaps and claims being denied.

Long-term rentals

A tenant's permanent residence.

Leased for months or years

One tenant signs a lease and lives there full-time; there's no nightly turnover.

A different risk profile

A single long-term tenant creates far less turnover and guest liability than a stream of nightly visitors, so it's underwritten differently.

Steady rent, tied to a lease

Using a homeowners policy for a rental property can create major coverage gaps.

Does not require an STR policy or endorsement

A tenant-occupied rental calls for a landlord policy built around long-term tenants.

Not sure if your STR is covered? Enter your address and get a free quote instantly:

Thank you! Your submission has been received!

Oops! Something went wrong while submitting the form.

What short-term rental insurance costs in Illinois

Short-term rental coverage generally lands about 15% to 25% above what the same property would cost as a long-term rental since frequent guest turnover and commercial use raise the risk a policy has to cover.

In Illinois, your exact number depends most on the property's value, location, and how often it's booked.

Your rate reflects the property's replacement cost, its occupancy, local risk, and how much liability and income protection you carry.

The only way to know your exact figure is a quick quote, which takes just a few minutes.

Short-term rental rules every Illinois host should know

Because Illinois leaves short-term rental rules largely to cities and counties, requirements differ across the state. Our overview of short-term rental laws in Illinois walks through them.

Common requirements include a short-term rental permit or license, occupancy limits tied to bedroom count, and in some places a rule that you actually live in the property.

Budget for transient occupancy or hotel taxes on each stay, and check whether your platform remits them or leaves the filing to you.

Even where insurance isn't strictly required, hosting without short-term rental coverage leaves you exposed to exactly the claims local rules are trying to prevent.