Insurance Requirements: Asbury Park vs Freehold

Does Asbury Park require a specific liability insurance dollar amount for STRs?

Asbury Park requires 'proof of liability insurance' but does not publish a city-specific dollar floor above the state minimum. New Jersey P.L. 2022, c.92 sets the statewide floor at $500,000 per occurrence for rental units (or $300,000 for owner-occupied 1-4 unit dwellings).

Do I have to file the insurance certificate with the city every year?

Yes. Under P.L. 2022, c.92 the certificate of insurance must be registered annually with the municipality where the rental is located. Asbury Park collects this through the STR permit and renewal process.

Will Airbnb AirCover satisfy Asbury Park's insurance requirement?

Asbury Park does not certify any platform program. Standard homeowner HO-3 policies typically exclude STR activity, so most hosts buy a dedicated STR or commercial liability policy. Confirm with your insurer and with Code Enforcement at 732-502-5742.

Does Freehold Borough require a specific liability insurance amount for STRs?

Freehold Borough does not publish a borough-specific dollar minimum. New Jersey P.L. 2022, c.92 sets the statewide floor at $500,000 per occurrence for rental units or $300,000 for owner-occupied 1-4 unit dwellings.

How often must I file the insurance certificate with the Borough?

Annually. Under P.L. 2022, c.92 the certificate of insurance must be registered each year with the municipality. Freehold Borough collects this through the annual rental registration process administered by the Construction & Code Office.

Will Airbnb AirCover satisfy the New Jersey insurance requirement?

Most legal advisors say no - AirCover is excess/secondary coverage, not the primary commercial liability policy contemplated by N.J.S.A. 46:8-39. Confirm with your insurance agent and the Borough Clerk at 732-462-4200.