Proper Insurance announced an updated range of commercial liability policies for owners of vacation homes, condos, apartments and other vacation rental properties.
Bozeman, United States - October 29, 2020 /PressCable/ —
Proper Insurance, a short-term rental insurance provider, has announced an updated range of policies designed specifically for vacation rental owners through platforms like Airbnb, Vrbo, and others. The policy aims to provide homeowners with extensive coverage for potential property damage, vandalism, theft and other situations.
More details can be found at https://www.proper.insure.
The latest announcement aims to provide a comprehensive insurance option designed to protect vacation rental owners.
Standard homeowner’s insurance contracts are typically nullified once homeowners decide to rent their properties. Since this clause is often unknown to many homeowners, the financial risks for vacation rental owners with inadequate insurance are considerable.
“The moment your Airbnb listing goes live on the website, you have violated your homeowners or landlord insurance contract,” explained a spokesperson for the company. “Both contracts specifically exclude ‘business pursuits’ and both have a misrepresentation clause that states if there is a misrepresentation from the insured, then the insurance contract is void. It’s a breach of contract.”
Backed by Lloyd’s of London, the insurance policies available through Proper Insurance offer extensive coverage for vacation homes, condos, apartments, cabins and many others.
The policies can be customized according to the unique needs of each homeowner and include everything from bed bug protection and loss of income coverage to intentional acts of vandalism, theft and no limit on damages caused by guests
The available host liability protection is $1 million of commercial liability insurance with an optional $2 million, which includes coverage for liquor liability and off-premise amenities such as bikes or kayaks for guests.
Proper Insurance is currently providing an accessible online quote service allowing vacation rental owners to submit for a custom quote online in under 5 minutes.
With the latest announcement, the company continues to expand its range of high-quality insurance products for homeowners throughout the US. Proper Insurance has written over 40,000 policies in all 50 states and is currently endorsed by leading vacation rental platform Vrbo.
Interested parties can find more information on the company’s full range of insurance services by visiting the above-mentioned website, as well as at 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: 88983212
