Insights and tips on how to protect your property, giving you and your guests peace of mind.
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.
2021 was a record year for the travel and hospitality industry. At the start of the pandemic, many vacation rental owners were left wondering when things would shift to a period of normalcy.
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.
There’s a lot to be said about purchasing a second home, often known as a vacation home, at your dream destination. It offers a chance to escape the everyday life and to enjoy a different scenery. However, owning a vacation home requires a different type of home insurance.
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.
When investing, finding a property that will have the greatest return on investment (ROI) is crucial. Short-term rentals have become increasingly popular over the past few years. On the other hand, long-term rentals provide more stability. As a result, determining the correct insurance policy to protect them can be challenging. Which type of insurance do you need for your property? Keep reading to find out!
There’s no better time than the holidays to go the extra mile for your guests. Leave them wanting to come back every year to experience the magic at your vacation rental property. Capture the spirit of the season, and bring joy to your short-term rental with these ideas.
We have heard about them, we may even know a few, but handling demanding guests can be a difficult and overwhelming task. When listing websites send stress warnings for a 4-star rating, it can be hard not to have some anxiety. Even more, it may have a major impact on where your property lands on the search ranking when a below 5-star rating is left. Here are a few suggestions on how to handle demanding guests at your short-term property.
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.
As a vacation rental homeowner or property manager, the last thing you want to hear is a guest was injured at your property. Unfortunately, injuries can and do happen. Depending on the circumstances, your guest may believe you bear some responsibility for his or her injuries. Of course, being accused of negligent or intentional acts that led to a guest’s injuries does not necessarily mean you are responsible.
SALES & SERVICE:855.945.5221|VACATIONRENTALPROGRAM@CBIZ.COM700 W. 47TH ST, STE 1100 | KANSAS CITY, MO 64112
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.
WHAT IS VACATION RENTAL INSURANCE? WHY DO I NEED VACATION RENTAL INSURANCE?WHY WORK WITH CBIZ?CONTACT US