Vacation Rental Program
Home (or room) sharing has become a lucrative option to earn rental income. Online services have made it easier for homeowners to become landlords. We now have a product to specifically address the increased risk associated with these operations
- Highlights:
| Feature | Detail |
|---|---|
| Valuation | Replacement Cost, ACV, Functional, & Extended RC options available |
| Coverage for damage to your building and contents caused by a guest | yes |
| Actual loss of income coverage with no time limit | yes |
| Liability coverage in the event of a guest’s injury or death | yes |
| Liability coverage extended to your amenities | yes |
| Water Backup | $5K, $10K, $25K, $50K, $100K, $250K options available |
| Other Structures | No minimum or maximum – completely tailored to meet the needs of the insured |
| Personal Property of guests | $15,000 |
| Form | Homeowner |
| Animals | Included unless a specified vicious breed |
| Fair Rental Value | adds an Additional $5,000 Fair Rental Value per guest |
| Hardscapes, Retaining Walls, Pilings, Piers, Wharves, & Docks | Can all be included under Cov B |
| Valuable Papers | $1,500 |
| Watercraft | $1,500 property included + Liability can be added by endorsement |
| Crops, Plants, Trees | Can be added by endorsement |
| Debris Removal | $1,000 |
| Money Orders and Counterfeit Paper Currency | $1,500 |
| Earthquake | Can be added by endorsement |
| Flood | Can be added by endorsement |
| Liquor Liability | There is no separate Liquor Exclusion |
| Refrigerated Products | $5,000 |
| Personal Injury | yes |
| Mold | $5K, $10K, $25K, $50K, $100K, $250K options available |
| Loss Assessment | $1,000 included within the form with options to increase if needed |
| ID Fraud | $15,000 |
| Ordinance or Law | Options of 10% or 25% can be added |