Insurance specifically tailored to protect your Airbnb and Vrbo rental property and business
As a short-term rental property owner, it's important to protect your investment with the right insurance coverage. Not only does it protect your property and assets, but it also gives you peace of mind knowing that you're covered in case of unexpected events such as property damage, liability claims, or loss of income. However, not all insurance providers offer coverage specifically tailored for short-term rentals, which is why it's important to find a company that understands the unique needs of short-term rental property owners.
It is important to note that short-term rental properties are not only a property but also a business. It is important to have coverage not only for property damage but also for any liability claims that might arise from guests staying in the property. Moreover, many standard homeowner insurance policies do not cover losses from business activities, so it's important to have a policy specifically designed for short-term rentals.
What's Inside:
Based on a true story (nightmare)
Proper Insurance
Coverage Options
Conclusion
Additional Resources to Enhance Your BNB Hosting Experience!
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Based on a true story (nightmare)
Marissa had always dreamed of owning a short-term rental property. She had saved for years to buy a beautiful cabin in the North Georgia mountains and had put a lot of effort into decorating and furnishing it to make it the perfect vacation spot. She listed the cabin on various short-term rental platforms and was thrilled when bookings started rolling in.
One weekend, Marissa received a call from her cleaning crew. They had arrived at the cabin to prepare it for the next guests and found that a pipe had burst in the kitchen. The water had caused extensive damage to the flooring, cabinets, and appliances. Marissa was devastated. Not only did she have to cancel the upcoming bookings, but she also had to spend a lot of money on repairs.
Worse yet, the cabin was out of commission for several months while the repairs were being done. This meant that Marissa lost a significant amount of income and had to refund many bookings. Her business took a big hit and it took her a long time to recover.
Unfortunately, she had a standard homeowners insurance policy which covered the cost of repairs but not the cost of lost business. Marissa realized that she needed insurance specifically tailored for short-term rental properties. She learned that the standard insurance policy didn't cover the unique risks and exposures associated with renting out a property on a short-term basis.
Marissa has since made the move to Proper Insurance for her short-term rental property. She never wanted to go through the stress and financial burden of dealing with damages again, and also wanted to be sure that her business was fully protected.
Proper Insurance
Proper Insurance is a company that specializes in providing insurance specifically for short-term rental properties. The company was founded with the goal of providing comprehensive coverage for the unique risks and exposures associated with renting out a property on a short-term basis.
What sets Proper Insurance apart from other insurance providers is their understanding of the specific needs of short-term rental property owners. They offer a variety of coverage options that can be customized to meet the individual needs of each property owner. Additionally, they have a dedicated team of experts who are knowledgeable about the short-term rental industry and are available to answer any questions and provide guidance.
Proper insurance policies are also flexible, and can be tailored to suit the specific needs of the property owner. They offer coverage for properties of all sizes and types, whether it's a small vacation rental or a large commercial property. They also provide coverage for a wide range of short-term rental platforms, such as Airbnb, VRBO, and more.
In short, Proper Insurance is a company that is dedicated to providing comprehensive coverage for short-term rental properties, and their team of experts is dedicated to help you find the right coverage for your property.
Coverage Options
Proper Insurance offers a variety of coverage options to meet the needs of short-term rental property owners. Some of the coverage options they offer include:
Property damage
This coverage protects the physical structure of your property and any personal property inside it in case of damage or loss from a covered event such as fire, theft, or natural disasters.
Liability
This coverage protects you from claims made by guests who are injured or whose property is damaged while on your property. This coverage includes both personal liability and medical payments.
Loss of income
This coverage provides reimbursem*nt for lost rental income if your property is damaged and unable to be rented out for a period of time.
Additional coverage
Proper Insurance also offers additional coverage options such as equipment breakdown coverage, cyber liability coverage, and more.
It's important to note that the coverage options vary by state and country, so it's best to check with Proper Insurance for the coverage options available in your area.
Claims Process
Filing a claim with Proper Insurance is a straightforward process. If you need to file a claim, you should contact Proper Insurance as soon as possible to report the loss. They will then provide you with a claim number and instructions on what documentation is required to process the claim. This will typically include things like a police report, receipts for any repairs or replacements, and any other relevant documentation.
Proper Insurance's team will work with you to ensure that your claim is processed as quickly as possible. They will review the documentation and determine the extent of the loss, and then issue payment for any covered damages. The process usually takes a few weeks to process the claim, but it may take longer if the claim is particularly complex.
Proper Insurance's team will be available to answer any questions you may have throughout the claims process. They will also provide you with updates on the status of your claim and keep you informed of any additional documentation or information they may require.
It's important to keep in mind that coverage options and the claims process may vary by state and country, so it's best to check with Proper Insurance for the details in your area.
In summary, Proper Insurance makes the claims process as simple and straightforward as possible. They have a dedicated team who will work with you to ensure that your claim is processed quickly and efficiently.
Conclusion
Proper Insurance is a company that specializes in providing insurance for short-term rental properties. They understand the unique risks and exposures associated with renting out your property on a short-term basis and have developed coverage options to meet those needs. Their coverage options include property damage, liability, loss of income, and more. They also provide flexible policies that can be tailored to suit the specific needs of the property owner and coverage for a wide range of short-term rental platforms.
Proper Insurance's claims process is straightforward and their team is dedicated to making sure that claims are processed quickly and efficiently. They also have a reputation for providing excellent service, as seen in the customer testimonials mentioned in the previous section.
In conclusion, Proper Insurance is a great option for short-term rental property owners looking for comprehensive coverage that is tailored to meet their specific needs. If you're a short-term rental property owner, we encourage you to contact Proper Insurance for more information or to get your free quote here. With Proper Insurance, you can have peace of mind knowing that your property and business is well protected.
Additional Resources to Enhance Your BNB Hosting Experience!
Host Resources: As a thank you for sticking around, we’re offering a 50% discount to our Mostly Hostly Shop, just use code MOSTLYHOSTLY50.
Don’t forget about Insurance: The short-term rental world is unpredictable, and so are your guests. Don’t take any chances with a sub-par general liability insurance policy. Proper Insurance was designed with hosts in mind, catering specifically to vacation rentals. Follow this link for a free quote - Proper Insurance Free Quote
Guest Entertainment: For a list of our favorite games and entertainment products to enhance your guests’ experience, check out our recommended products here!
Vacation Rental Supplies: Not sure what supplies you need to operate your vacation rental? Check out our specially curated list of recommended supplies here!
Become a Host: If you are interested in becoming a host through Airbnb, you can earn $40 when you complete your first reservation! Just follow this link to claim your $40!
Enhance your Pricing Strategy: If you are looking for more insight into demand trends for your vacation rental listing so you can make informed pricing decisions, check out Price Labs! Save $10 with Pricelabs’ dynamic pricing solution.
Last but not least, if you found this article helpful, we encourage you to check out the rest of our Mostly Hostly blog. As bnb hosts, we’re dedicated to finding new ways to add value for both our guests, and we want to share that with you!
Cheers!
