Expression of interest
Short-term rental insurance
Short-term rental insurance
Leasing either a detached house or an apartment turns the property into a business. As a result, new insurance needs arise and simple home insurance is no longer adequate.
Damage that may be caused by frequently changing tenants, misuse, fraudulence, malicious actions or improper maintenance, violation of the law, as well as any owner’s failure to meet their obligations, can minimize any profit. Additionally it may place the owner or manager of the property in trouble.
By solving promptly any problems that may arise, a business gains good reputation and avoids bad reviews that are pivotal in attracting and retaining customers.
It is also an additional incentive for guests to choose your property, knowing that there is an insurance provision that will protect them during unforeseen situations.
Indicative coverages and benefits
- Civil liability to third parties (tenants, neighbors, passers-by, visitors) for bodily injury, material damage, etc.
- Liability for fire, leakage of pipes
- Elevator operation
- Food poisoning
- Pool operation
- Liability for loss of, or damage to, personal belongings of customers as a result of theft
- Coverage of financial loss from “loss of rents”