Insights and tips on how to protect your Vacation Rental Property, giving you and your guests peace of mind.
With the demand for vacation rentals increasing, so too have the vacation rental rules and regulations. Considering that these days it is a recognized and very popular industry, it makes sense that there should be some set of rules to protect the professional image of the vacation rental industry, after all. That being said, in many instances, objections from the broader community have meant that the regulations that cities impose are quite strict.
Welcome to the world of running a short-term rental vacation property. While owning an additional property and renting it out to others can make a good amount of money, there is a lot that happens behind the scenes. With decades of experience helping owners insure their most prized assets, we have seen it all and spoken to many amazing people.
Attracting the best guests for your property requires a proper vetting protocol to ensure guests leave your vacation rental in the best shape possible. While there will always be small hiccups when renting your property, preventing major violations such as criminal activities, scams, underage parties and violations that are susceptible to risks, injuries, and damages will give you the feeling of security as a host.
With many continuing to work remotely, there is a new craving for travel and working on “vacation” which has opened up a plethora of opportunities for the short-term vacation rental industry. Simply creating an office space in your rental home, offering a contactless check-in, or being more flexible with your bookings, could increase your business earnings exponentially.
While your vacation rental property may not be your only source of income, it is a business venture. You need the correct type and the right amount of commercial vacation rental property insurance to protect your investment and mitigate your legal liability risk.
As a vacation rental business owner, you have a lot on your plate maintaining and managing your properties. It can be easy to overlook key components that benefit your business. From greeting guests to scheduling property check-ups, each element can make your short-term rental business stand apart from the rest.
Becoming a short-term rental owner can be a great way to earn extra money. However, property owners sometimes do not consider the potential risks that can come with owning a vacation rental business.
The travel and hospitality industries are some of the most helpful income generators to small businesses. By recommending restaurants, coffee shops, and local boutiques to guests, they can help these small businesses immensely. The impact COVID-19 has made on the short-term rental industry has been no joke. Working together to help pull each other out of these unprecedented times is needed.
When starting a vacation rental business, there are many things you have to consider. Though it’s an exciting and profitable business, it constantly needs care and must operate like a traditional business. To help reduce the chance of headaches you may have when starting out, we’ve compiled our best tips for getting started on the right foot.
As COVID cases begin to rise again, remote work is becoming a new normal for many. For vacation rental property owners, working remotely or in a different state than your property can be a difficult task.To help keep your rental business running smoothly, we compiled a list of seven tips for successful remote management.
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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?I'M AN AGENT OR PROPERTY MANAGER WANT A FREE COVERAGE COMPARISON?CONTACT US