Why Landlords Should Buy Vacation Rental Insurance With Income Protection

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!