Insights and tips on how to protect your property, giving you and your guests peace of mind.
While the hard insurance market is expected to continue in 2024, property owners may be able to optimize their investments, maintain optimal coverage and limit relative price increases by understanding the influencing factors resonating from months and years past along with the trends and patterns expected to impact future conditions.
Nearly two of every three homes in America are underinsured, meaning the property is protected to an extent but doesn’t have sufficient limits or coverage features to cover the full expense of a potential claim. What’s worse, the average underinsurance amount is over 20%, with some being underinsured by as much as 60%.
Insurance buyers are facing the hardest property insurance market in a generation, with historic inflation and natural disaster losses causing significant pressure.
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.
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.
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.
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.
Summertime is synonymous with enjoying the great outdoors, and a time when short-term property owners open their homes as the ultimate retreat for guests. Whether your property has a fire pit, grill, or pool, summer fun requires remembering that safety comes first. Allow your guests to grill and chill with ease all while protecting your property with these summer safety tips:
In part one of our series, Business Survival Plan: Guide to Finance, we focused on how to be financially secure during a crisis. Part two is about contingency planning to help your prepare for unexpected events and minimize their impact. In this article, we’ll explore how to create your own contingency plans, how to be proactive on decreasing the impact of risks, and why these are essential to the vacation rental industry.
As a small business, you may be trying to determine the right business framework for you — likely either a sole proprietorship or limited liability company (LLC). For many owners, minimizing risk is top of mind, and an LLC is a way to gain added protection in addition to vacation rental insurance.
SALES & SERVICE:
855.945.5221 | VACATIONRENTALPROGRAM@CBIZ.COM
700 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