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
The NYC Noise Code prohibits excessive muffler/exhaust sound from motor vehicles on roads with a 35 mph or lower speed limit - defined by 'plainly audible' d...
New York, NY
Under Admin. Code Sec. 24-235, an animal owner may not permit unreasonable animal noise that is plainly audible inside any nearby residential property for 10...
New York, NY
Under Admin. Code Sec. 24-222, construction work is unlawful except on weekdays between 7:00 a.m. and 6:00 p.m. Limited weekend work (Sat/Sun 10 a.m.-4 p.m.)...
New York, NY
Under Admin. Code Sec. 24-231, music from a commercial establishment may not exceed 42 dB(A) measured inside any nearby residential dwelling unit, nor 45 dB ...
New York, NY
New York City has no blanket 'quiet hours' curfew, but the Noise Code's general prohibition (Admin. Code Sec. 24-218) makes it unlawful to make any unreasona...
New York, NY
New York City bars street storage of boat trailers, mobile homes, and mobile medical diagnostic vehicles: under 34 RCNY 4-08(m)(8) none may be parked on any ...
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