ProperInsure

Custom-Penned Comprehensive Coverage

Proper's short-term rental insurance stands out due to its custom-penned coverage designed in collaboration with Lloyd’s of London and Concert Specialty. This policy uniquely integrates homeowner’s, landlord, and business insurance into one all-inclusive package. Such a comprehensive approach ensures that owners are protected against diverse risks, whether the property is rented short-term, mid-term, used personally, or unoccupied. This integration reduces the need for multiple policies, providing a seamless and streamlined insurance solution.

Specialized Knowledge Base and Expertise

Proper's insurance tool leverages its deep specialization in the vacation rental industry. Unlike generic insurance carriers, Proper's expertise is specifically tailored to short-term rental scenarios, offering an unrivaled knowledge base. This specialization translates into highly informed service from the agents, who understand the intricacies of short-term rental risks and the unique needs of Airbnb and Vrbo hosts. Clients benefit from expert advice and custom solutions that address their specific challenges and insurance requirements.

All-Inclusive Policy Benefits

One of the defining features is the all-inclusive nature of the coverage. The policy does not only cover the property and contents but also extends to commercial business liabilities and lost business revenue. Additionally, it includes personal liability coverage when the rental property doubles as the owner’s primary residence. This level of inclusivity provides Airbnb and Vrbo owners with peace of mind, knowing that every aspect of their rental business is protected. Offering coverage in all 50 states further highlights the comprehensive reach and reliability of the policy.

Pros

Short-term rental insurance offered by Proper provides both property and liability protection, ensuring comprehensive coverage. This meets user needs by safeguarding vacation rental owners against a broad array of risks, from damages to liabilities. Additionally, the policy is uniquely designed to cover properties that serve multiple purposes, including personal use and various rental terms, which aligns well with the dynamic nature of Airbnb and Vrbo rentals. The inclusion of both homeowner and business policy elements means owners do not need to purchase multiple policies, which simplifies insurance management. Being available in all 50 states ensures access to this specialized insurance for any U.S.-based property owner. Moreover, the use of reputable underwriters like Lloyd’s of London enhances the credibility and reliability of the insurance policy. Proper's specialization and expert agents add significant value, ensuring customers receive knowledgeable and efficient service.

Cons

The complexity and comprehensiveness of Proper's short-term rental insurance might result in higher premiums compared to standard homeowner or landlord policies, which could be a concern for cost-sensitive users. Also, because the insurance is written as a commercial business policy, there may be more stringent underwriting criteria, potentially making it more challenging for some property owners to qualify. Given the all-encompassing nature of the policy, some owners might find it overwhelming or excessive if they are just operating a single, small-scale rental property. Lastly, despite the nationwide availability, regional differences in regulations or risks could mean the

ProperInsure offers specialized short-term rental insurance tailored for Airbnb hosts, combining homeowner’s, landlord, and business insurance in a single, all-encompassing package. This unique integration, developed with Lloyd’s of London and Concert Specialty, ensures comprehensive coverage whether the property is rented, used personally, or unoccupied. Proper's deep expertise in the vacation rental industry allows for highly informed support, addressing the specific needs of Airbnb and Vrbo hosts. The policy extends to property and content protection, commercial liabilities, lost business revenue, and personal liability, providing robust and seamless coverage across all 50 states. However, the policy's comprehensiveness may lead to higher premiums and stricter underwriting criteria, which could be challenging for cost-sensitive users or small-scale rental operators.