comprehensive protection for your investment.
Did you know that because vacation rentals operate like businesses, the majority of homes insurance policies reject claims for short-term rentals?
A lot of folks who register to host on a vacation rental website are unaware of insurance coverage gaps until it’s too late!
Were you aware of the limitations and restrictions on the coverage of host insurance offered by peer-to-peer renting platforms?
Our policy includes them all.
- We provide a commercial policy designed to replace your current coverage.
- Replacement cost valuation (new for old).
- No limit on damage caused by a guest.
- No limit on theft or vandalism by a guest.
- Liquor liability coverage for the host.
- Actual loss sustained business income coverage
- Bed bug enhancement which triggers lost business income
Liability Issues
Since personal liability coverage is necessary for every homeowner’s personal concerns, it should be included in all homes insurance plans. What would happen if a buddy who was coming over for dinner slipped on your driveway and got hurt? You should be protected and defended by your personal liability because this was a personal concern.
But what if a visitor staying at your short-term rental property trips and falls on your driveway and accuses you of being at fault? This is the $1,000,000 question that a lot of owners of holiday rentals must ask themselves. Since this slip and fall was related to a business operation, the quick response is “no.” Commercial liability is required for business operations, and vacation rentals are no different than hotels. Insurance companies can and do reject claims based on the frequency or word “occasional,” even if you have an endorsement to your policy. You are outside the purview of “occasional” coverage and are not covered if it is found that you “regularly” rent your vacation rental for a brief period of time.