Exceptional Insurance for Exceptional Hosts
Commercial insurance for owners and operators of short-term rental (STR) properties since 2012 with lease terms under 1 year, including:
- Property owners listing on VRBO, Airbnb, other public sites, or private listings
- Portfolio owners with multiple properties
- Investors, property managers, and real estate professionals in the STR market
- Rental arbitrage operators
Click Here to View The Full CBIZ Vacation Rental Insurance Coverage Overview
Insurance for Short-Term Rental Owners and Operators
- Exclusive program backed by A-rated carriers
- In-house claims handling and claim status updates
- Risk management team with property self-surveys, tips, and tools for STR risk management
- Competitive and stable premiums
- Flexible payment options
- Proprietary technology platform for fast quotes and extraordinary service
- Single-family homes and accessory dwelling units (ADUs)
- Condominium units, apartments, townhomes, row homes, and multi-family dwellings
- Cabins, cottages, and tiny homes
- High-value rentals and luxury properties
- Owner-occupied shared homes with separate entry and living space for guests
- Urban, rural, coastal, and mountain locations in all 50 states
- Other unique short-term rental properties
CBIZ Insurance Coverage Highlights
- Replacement cost for building and contents – no depreciation (new for old)
- Business income/Rental income protection – no coinsurance or time limitation
- Special causes of loss – broadest coverage available
- Full coverage for unoccupied properties
- Named storm coverage available for qualified properties to help address hurricane-related property damage and rental income loss
- Bed bug extermination costs and loss of rental income
- Squatter legal eviction costs and loss of rental income
- Fine arts and antiques at market value
- Lock replacement coverage
- Plants, trees, shrubs, and lawn coverage
- All outbuildings and affixed structures (detached from home) including garages, carports, sheds, pools, hot tubs, gazebos, fences, retaining walls, bulkheads, and docks
- Personal property of guests
- No sublimit on damage caused by backup of sewers and drains
- Damage caused by guests, including dishonest or criminal acts
- $1M per occurrence/ $2M annual aggregate limits (higher limit options available)
- On-premises and Off-premises liability – anywhere in the U.S.
- Personal injury (including wrongful eviction)
- Full pet injury liability with no breed restrictions
- Guest medical payments (no-fault emergency accident coverage)
- Full legal defense coverage
- Liquor liability – full coverage except for alcohol sales for profit
- Equipment breakdown coverage
- Umbrella/excess liability
- Flood coverage
This blog may contain scenarios that are provided as examples only. Coverage is subject to the terms, conditions and exclusions of the policy issued. The information provided is general in nature and may be affected by changes in law or the interpretation of such laws. The reader is advised to contact a professional prior to taking any action based upon this information.
