Why Landlords Should Buy Vacation Rental
Insurance With Income Protection
Renting out vacation homes can be a
rewarding and lucrative business. But
one unfortunate event can wipe out
your valuable asset. That’s why
Proper Insurance offers
comprehensive short-term vacation
rental plans.
These policies are suitable for
Airbnb rental properties, too.
They offer comprehensive
protection against any damage or
acts of vandalism your guests
might cause.
The packages are underwritten
by Lloyd’s of London, a
company whose niche is
emerging or unusual risk, which
covers the burgeoning vacation
rental market.
Plans can protect all types of
properties, whether you own
a single-family home,
townhouse, condo, cabin, or
cottage.
You may think that your
vacation rental is covered by
your home or landlord
insurance.
Since you do not occupy your
property full time and damage is
usually caused by your guests,
your policy will not grant
reimbursements for repairs and
replacements.
As such, you are forced to
foot exorbitant bills that
inevitably hurt your rental
property’s profitability.
By getting vacation rental
insurance, you gain access
to a valuable safety net.
In addition to covering property damage,
the above-mentioned insurance policy
can also protect against liability. For
instance, if a guest is injured in your
vacation rental and decides to sue you,
the insurance plan will take care of legal
and medical bills.
Check out
https://www.proper.insure/
vacation-rental-insurance
for more info.
Check it out
today!