Your short-term guests are lovely. And profitable! Until you hit the law of averages. What happens when someone burns the kitchen down or topples off your balcony?! Or what if they leave a monster under your bed?! You definitely need Proper Insurance!
Naturally, you want your guests to enjoy themselves, sleep well, and leave glowing reviews. But what about you? In the back of your mind, do you imagine pillaging pirates, vandals, and pyromaniacs?! It's pretty likely that if you're not relaxed, your guests won't be either!
Proper Insurance, which enjoys an A+ rating on Standard & Poor’s and BBB, will now tailor policies specific to any short-term rental property, including vacation homes, townhouses, condos, duplexes, cabins, cottages, and apartments.
You can check them out at https://www.proper.insure
Proper Insurance, which is underwritten by Lloyd’s of London, now offers broad coverage to meet the very specific needs of the short-term rental industry and ensure that your Airbnb, Vrbo, TripAdvisor, or vacation rental properties are fully protected. For insurance purposes, a property that is rented for less than 30 days at a time is typically considered short-term.
Short-term rentals have become increasingly popular over the last ten to fifteen years. Airbnb alone reports almost six million active listings globally, and over 2.5 million rental properties in the U.S. are seasonal. Property owners can take advantage of the fact that short-term rentals can be a more appealing and affordable option than standard hotels, offering better amenities and a more homey feel.
However, standard homeowner insurance policies do not cover short-term renters or paying guests; in fact, they specifically carry a “business activity exclusion.” Proper Insurance, with over 50,000 policies under its belt, covers all the items you need and which typical homeowner/landlord policies fail to address. It is written as a business policy and also offers personal liability coverage when the short-term rental “doubles” as your primary residence.
The company offers insurance for loss of business income, bug infestations, and liability coverage for liquor either provided to or left behind by guests, for example. Proper Insurance policies provide liability coverage for property entrusted to others and guest amenities such as bikes, golf carts, and small boats. Intentional acts of vandalism are likewise covered.
The Proper Insurance team is a collaboration of individuals with over 50 years of experience in niche insurance. The Proper short-term rental all-inclusive insurance policy was developed in concert with Lloyd’s of London - the world’s premier insurance underwriter for over 300 years - and covers the unique risks associated with short-term vacation rental properties.
One client commented: “Upon checking the nuances of short term rental insurance, I came to the realization that I was really risking it in the traditional way with our AirBnbs. Enter Proper and more specifically Taylor…A reputable company, progressive product and professional team helps me sleep soundly…. just like my short term guests.”
Just leave your lights on, in case of monsters. Insured or not, they can be a nuisance!
Go to https://www.proper.insure/short-term-rental-insurance if you want peace of mind and sweet dreams!
