This Comprehensive Insurance Covers Airbnb Vacation Rental Building & Contents

Apr 20, 2021

Proper Insurance, based in Frederick, Maryland, has launched a comprehensive insurance policy providing building and contents, liability and loss-of-income coverage for short-term rental properties.

Does your short-term rental property have adequate insurance? Discover how this specialist policy can help!

Frederick, Maryland-based vacation-property insurance specialist Proper Insurance has launched an expanded range of products designed specifically for owners of short-term rental properties, including Airbnb and Vrbo.

Go to https://www.proper.insure for more information!

The recently expanded range of insurance products are underwritten by Lloyd's of London, and can fully replace both homeowner’s (HO) and landlord (DP) policies.

Applications such as Airbnb and Vrbo have changed the face of the vacation rental market. Just 10 years ago, there were approximately 200,000 short-term rental properties in the US, primarily marketed through local property managers. Given the ease with which property owners can now advertise their property, there are an estimated 2 million properties on the short-term rental market as of 2021.

Most homeowner and landlord insurance policies do not cover short-term rentals. This field is covered by hospitality laws and requires specialized insurance. The new range of policies from Proper Insurance are designed to cover the broad range of issues specific to short-term rentals such as fire or vandalism, personal injury, and business income protection.

The new policies from Proper Insurance provide commercial building and contents coverage, including amenities such as bikes, boats or golf carts. Unlike homeowner’s insurance, commercial-form insurance does not have any restrictions on occupancy. This means that, at the time of the covered loss, the property can be occupied by you, the owner, your friends, paying guests, or it can be vacant.

Proper Insurance policies also provide $1,000,000/$2,000,000 in commercial general liability. Should a guest be injured or killed whilst on the property, you will be covered. Policies will also provide $1,000,000 in personal liability if you are injured while staying at your property.

Proper Insurance is exclusively endorsed by property rental companies such as Vrbo and HomeAway. The company has an A+ rating from the Better Business Bureau (BBB), as well as Standard and Poor’s.

A satisfied client stated: “Getting insurance for my short-term rental property has been a breeze. Proper Insurance is professional, quick to respond, thorough, and excellent with follow up. I hope I never have to file a claim, but I feel better knowing I made a good choice for insurance carrier.”

Don't rely on standard homeowner's insurance! Click on https://www.proper.insure/airbnb-insurance/ to learn more!

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