Get An Airbnb Insurance Policy That Is Both
Comprehensive And Compliant
Proper Insurance has launched an insurance policy aimed at providing
owners of Airbnb, Vrbo, and other short term rental properties with
comprehensive coverage.
The policy was developed in parallel with Lloyd's of
London specifically to address the circumstances
affecting short term vacation rentals.
Proper Insurance's expertise in vacation rental
underwriting allows them to draft a policy tailored to
any short term rental property.
Much like a standard homeowners
insurance, Proper Insurance's
product provides coverage for the
building and contents.
However, it also covers items that are typically
not found in traditional homeowners and
landlord type policies, such as bed bug
protection, loss of income, liquor liability, and
liability protection for amenities available to
guests.
Proper Insurance's short term rental policy covers both commercial and
personal use of vacation rental properties, and may replace a homeowners
insurance or landlord's insurance.
Sometimes referred to as commercial liability
policies, short term rental property insurance is
increasingly being required by local
governments who seek tighter regulation of
Airbnb and other short term rental operations.
Proper Insurance's policy includes the
coverage required in these local laws
and ordinances.
Unlike a primary home-sharing endorsement in a standard homeowners
policy, Proper Insurance covers both primary and secondary homes that
are offered for short term rental.
According to a spokesperson for Proper
Insurance, "You can think of our product
as a homeowner's policy, a landlord
policy, and a business policy all wrapped
up in one.
It's the most comprehensive
insurance available for short term
rental owners today."
Go to the website
mentioned in the
description to find out
more.