NYC does not mandate a specific insurance policy for short-term rental hosts, but the registration process under Local Law 18 requires hosts to comply with all applicable laws including building insurance requirements. Most co-op and condo boards require liability coverage, and standard homeowner policies often exclude STR activity.
While Local Law 18 of 2022 does not explicitly require hosts to carry STR-specific insurance, the registration application requires attestation of compliance with building rules and lease terms. Most NYC co-op and condo proprietary leases prohibit or restrict short-term rentals, and buildings that do allow them typically require hosts to carry additional liability insurance (commonly $1 million). Standard NYC renters and homeowners insurance policies generally exclude commercial hospitality activity. Platforms like Airbnb provide Host Protection Insurance up to $1 million, but this is supplemental and does not replace personal coverage. The NYC Department of Finance also requires hosts to collect and remit hotel occupancy tax (5.875% plus $2/night).
No specific penalty for lacking STR insurance, but hosts may lose registration if found non-compliant with building rules. Failure to collect hotel occupancy tax carries penalties under NYC Tax Code. Co-op/condo boards can impose fines or initiate eviction proceedings.
Other ordinances people look up for this city. Green dot = verified primary-source excerpt.
New York, NY
New York City enforces strict noise rules under Administrative Code Title 24, Chapter 2 (the NYC Noise Code, rewritten by Local Law 113 of 2005). Sound excee...
New York, NY
NYC bans commercial vehicles on residential streets 9 PM-5 AM and caps any commercial-vehicle parking at 3 hours per block (NYC Admin Code §19-170). 'Commerc...
New York, NY
In NYC residence districts, Zoning Resolution §23-44 limits fences in front yards to 4 feet above adjoining grade and permits walls up to 8 feet (not roofed ...
New York, NY
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New York, NY
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New York, NY
New York City has no ordinance specific to residential lawn ornaments, statuary, or year-round decorations on private property. Landmark Preservation Commiss...
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