Insights and tips on how to protect your property, giving you and your guests peace of mind.
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%.
It's easy to get caught up in the "bigger things" when cleaning your vacation rental property, but don't forget to check these overlooked spots for hidden grime, dirt and dust.
Each dwelling tells a different story and can potentially hide dangerous elements. Assessing your property’s exposures and taking the appropriate precautions can go a long way toward protecting your business.
To help navigate which online courses, books, podcasts and YouTube channels are most beneficial to your business’s particular needs, we compiled a list of resources you can explore to expand your knowledge.
As we approach the second half of 2023 and are in the thick of peak season, we’ve already experienced some exciting industry wins. With no COVID travel restrictions, revenge travel taking off and even more short-term rentals entering the market, the next 6 months are predicted to be full of success.
Owning a vacation rental business is extremely rewarding, however, it’s still a business and susceptible to taxes. We’re diving in deep about what vacation rental owners need to know about paying taxes in the U.S. and the deductions they may be eligible for.
Vacation rentals present a unique opportunity to create a more personalized, memorable vacation experience when compared with traditional hotels. Vacation rentals have the practical comfort of an actual residence, the ability to explore the neighborhood and the opportunity to discover aspects of the destination guests might not encounter when staying at a hotel.
It can be easy to assume that most travelers staying at your vacation rental property will be exceptional guests. They’ll abide by your house rules, not disturb the neighbors and hopefully, won’t leave a trail of damage behind. However, you may be setting yourself up for issues in the future by thinking this way.
Builders risk insurance, also sometimes referred to as course of construction insurance, is coverage that assists with various expenses that may result from property damage amid construction projects. Understanding builders insurance can be complex as every home construction project is unique and coverage needs vary.
Even if you’re allowed to rent out your home or condo through Airbnb, doing so can cause tension with neighbors and the HOA. There’s always the potential that your guests may not be respectful to property in common areas, act inappropriately or noisily, or make other tenants feel uncomfortable.
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