Insurance Requirements: Asbury Park vs Red Bank

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 Red Bank require liability insurance for Airbnb hosts?

Yes. Red Bank Borough Code Chapter 559, adopted by Ordinance 2024-23 on May 23, 2024, requires short-term rental owners to provide proof of general liability insurance with a minimum coverage of $500,000, attached to and concurrent with the STR permit application submitted to the Fire Marshal's Office. New Jersey has no statewide STR insurance requirement, but the local $500,000 floor is mandatory in Red Bank.

Will Airbnb's AirCover satisfy Red Bank's STR insurance rule?

Not on its own. Red Bank Chapter 559 requires the operator to file proof of $500,000 general liability insurance at the time of permit application. AirCover for Hosts and Vrbo Liability Coverage offer up to $1,000,000 per occurrence on covered platform bookings as secondary protection, but they do not replace the primary owner-held policy the borough requires. Confirm the acceptable certificate format with the Fire Marshal's Office at 732-530-2700.