Insurance buyers are facing the hardest property insurance market in a generation, with historic inflation and natural disaster losses causing significant pressure.

To combat the risk of fire or inhalation of dangerous carbon monoxide (CO) gas, it’s important for you to make chimney care part of your home maintenance plan. Performing simple safety practices and maintenance on your vacation rental’s fireplace can help keep it in good condition, ensuring your guests and property stay safe.

It may be that time of year to renew your vacation rental policy or simply assess your current insurance situation. Even in the off-season, having a strong, comprehensive policy is key to keeping your business safe from the unforeseen.

Many people are distressed when they file a vacation rental insurance claim given that these claims typically follow a devastating event such as a home fire, disastrous weather or a guest injury. To help you file a claim with ease, we’ve compiled some useful information to make the best of this trying experience. 

As the warmth of spring approaches, it’s easy to forget the effect that harsh winter weather may have on your vacation rental. A bit of spring maintenance now can prevent costly repair bills later and there is no better time to take a look around and see how best to protect your property from hazards. 

Owning a vacant home can pose serious liabilities due to it being more susceptible to vandalism, undetected repairs, fire and other losses. The insurance risks associated with owning vacant property can be extensive, and to ensure you are adequately protected, it's important to know the risks.

Few things can cause as much dread for a vacation rental property owner than the words “You’ve got bed bugs!” Taking preventive measures can help you avoid the aftermath of a bed bug infestation, but despite your best efforts, the nature of your business means you’re at risk.

No matter what safety precautions you have in place or how well you maintain your short-term rental property, a vacationer could become injured or claim that your negligence caused damage to their property at any time. If you are named as the responsible party in such a suit, you need to defend yourself against the charges – even if you believe that your actions (or inactions) did not contribute to the renter’s injuries.

Finding the correct insurance to cover your business and properties, is challenging enough. Not all policies are created equal and there are an overwhelming amount of options. On behalf of the CBIZ Property Insurance team, we are excited to share that we have expanded our insurance solutions to include more than just short-term rental properties.

While we’re nearing the end of “hurricane” season, with climate change and more active weather patterns, it can last longer or begin earlier. Therefore, you, your family and your guests need to be prepared when a hurricane strikes. Use the following guidance to stay safe and limit potential damage in the event of a hurricane.