Systems and methods for analyzing property telematics data to update risk-based coverage of a property

A computer-implemented method for updating risk-based coverage of a property for a short-term rental, the method implemented using a renter analytics computing device including a processor in communication with a memory, the method comprising:

• retrieving a pre-rental record including parameters of a short-term rental of the property, the parameters including an anticipated number of renters, a start date, an end date, and an indicator of shared space;
• transmitting an instruction to a property telematics controller to transmit, to the renter analytics computing device, property telematics data generated by one or more property telematics devices associated with the property, the property telematics data indicative of actual usage of the property during the short-term rental, wherein the property telematics data includes at least one of utility usage data from one or more utility usage sensors, wireless router data from a wireless router, and light-based sensor data from one or more light-based sensors;
• developing an initial risk level profile associated with the short-term rental based upon the parameters of the short-term rental, wherein developing the initial risk level profile comprises applying risk analysis rules to at least one of the parameters of the short-term rental, and wherein the risk analysis rules associate a level of risk to i) the parameters and ii) identified renter behaviors;
• transmitting, to a homeowner associated with the property, a preliminary adjusted coverage rate to cover the property based upon the initial risk level profile, the preliminary adjusted coverage rate to cover the property between the start date and the end date;
• implementing, upon approval from the homeowner associated with the property, the preliminary adjusted coverage rate;
• retrieving a subset of property telematics data associated with a duration of time between the start date and the end date;
• updating the initial risk level profile to an actual risk level profile based upon the subset of the property telematics data;
• and
• issuing at least one of a credit and a debit to the homeowner based upon the actual risk level profile and the preliminary adjusted coverage rate.