Pop Quiz! Test Your Knowledge of Vacation Rental Insurance

Pop Quiz! Test Your Knowledge of Vacation Rental Insurance

Whether your vacation rental property is busiest during winter months or over the summer, any change of season is a good time to evaluate your property so you can make needed repairs and updates.
It’s also a good time to consider whether your vacation rental insurance coverage is enough to protect your property and your business.

How much do you know about insuring a vacation rental property? Test your knowledge on this short quiz, designed specifically for vacation rental property owners and managers:

1. Multiple Choice. Which of the following amenities can you cover with a CBIZ Vacation Rental Insurance policy?

A. Swimming pools and hot tubs and exercise equipment
B. Non-motorized watercraft
C. Motorized watercraft up to 10 HP
D. A and B only
E. A and C only
F. All of the above

Answer: The answer is “all of the above.” True vacation rental insurance helps protect those attractive amenities that help your business bring in guests.

2. True or False? You can get a premium credit on your vacation rental insurance when you take certain actions to mitigate your risk.

Answer: True! When you insure your vacation rental property through CBIZ Vacation Rental Insurance, you may qualify for credits when you have central station fire alarms, sprinkler systems, or central station burglar alarms. Depending on your prior claims history, you may get a premium credit based on that, too!

3. Multiple Choice. What types of protection do you have when you buy vacation rental insurance?

A. Property insurance
B. Property insurance and liability coverage
C. Property insurance, liability coverage, and income protection when another covered property loss occurs
D. None of the above. 

Answer: The correct answer is “c.” When you buy Vacation Rental Insurance through CBIZ, you’re getting protection for damage to your property, liability protection in case someone claims you are responsible for their injuries or damage to their property, and coverage for lost rental income if a covered property loss means you cannot rent the property for a period of time.

4. True or False? If you buy vacation rental insurance, your policy automatically covers other business activities on the same premises, such as renting watercraft or ATVs to the public. 

Answer: This one is False. You will need a separate insurance policy to cover losses related to business activities other than the business of renting out your property.


How did you do on our pop quiz? When you understand the benefits of purchasing vacation rental insurance, it’s a no-brainer. 

Find out more about how CBIZ Vacation Rental Insurance can protect you from the risks you face when renting your property. Request a free quote today!

This blog may contain scenarios that are provided as examples only. Coverage is subject to the terms, conditions and exclusions of the policy issued. The information provided is general in nature and may be affected by changes in law or the interpretation of such laws. The reader is advised to contact a professional prior to taking any action based upon this information.

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About Us

CBIZ Vacation Rental Insurance, a division of CBIZ Insurance Services,Inc., is the largest insurer of short-term vacation rental properties in the United States. As part of an $850 million New York Stock Exchange traded company (CBZ), we are the first broker to develop specific policy coverage to meet the needs for vacation rental properties and the amenities offered by these businesses. We have insured vacation rental properties since 2002.

The CBIZ Vacation Rental Insurance team knows insurance, specifically the risks and exposures related to short-term vacation rentals.We won't confuse you with technical "insurance speak" ~ our representatives are well versed in explaining your coverage in plain English. With hands-on, personal customer service, we guarantee swift communication and a 24/7 claims team that is ready to respond to your call any time of the day. As specialist in the industry, we leverage our knowledge and passion to ensure you and your business are adequately protected.