Airbnb & Vrbo Insurance For Vacation Rental Property Owners Launched

Short-term rental insurance specialists Proper Insurance has launched an enhanced range of policies designed specifically for owners of Airbnb and Vrbo rental properties.

Bozeman, United States - April 20, 2021 /PressCable/

Bozeman, Montana-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.

More details can be found at https://www.proper.insure

The recently expanded range of insurance products is 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 is designed to cover the broad range of issues specific to short-term rentals such as theft or vandalism, commercial liability, and business income protection.

The new policies from Proper Insurance provide building and contents coverage in addition to $1,000,000/$2,000,000 in commercial general liability. Should a guest be injured or killed whilst renting the property, the owner’s policy would respond. Commercial liability protection even extends off-premises and to amenities such as bikes, boats, or golf carts.

Unlike traditional 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 the owner, the owner’s friends, paying guests, or it can be vacant.

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 an insurance carrier.”

Interested parties can find more information by visiting: https://www.proper.insure/airbnb-insurance/

Contact Info:
Name: Justin Brodin
Email: Send Email
Organization: Proper Insurance®
Address: 1203 North Rouse Avenue #3D, Bozeman, MT 59715, United States
Phone: +1-888-631-6680
Website: https://www.proper.insure/

Source: PressCable

Release ID: 89006161

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