Insights and tips on how to protect your property, giving you and your guests peace of mind.
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.
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.