(A) Unless provided by an online lodging market place that provides primary liability insurance coverage of at least $500,000 for the short-term rental, every owner of a short-term rental shall maintain liability insurance to cover each short-term rental owned by the owner in an amount not less than $500,000 for each short-term rental.
(B) Within 30 days of obtaining a short-term rental license issued pursuant to this chapter, the owner or owner’s designee shall provide evidence to the town of liability insurance to cover each short-term in an amount not less than $500,000, or evidence that each short-term rental or short-rental transaction will be provided through an online lodging market place that provides equal or greater primary liability insurance coverage for the short-term rental or short-term rental transaction.
(C) The owner or owner’s designee of a short-term rental shall provide proof of compliance with divisions (A) and (B) above upon demand by the town.
(Ord. O2023-02, passed 7-17-23) Penalty, see § 112.99