Proper Insurance® of Bozeman, MT launches its updated short-term rental property insurance, which gives owners greater protections that can spare them from costly repairs or litigation.
Bozeman, MT-based Proper Insurance® announces the launch of its updated short term rental property insurance. This policy aims to protect owners of vacation rental homes in the event that a guest damages their property or gets injured while staying in it.
More information about Proper Insurance is available via https://www.proper.insure
The firm launched this insurance plan to help protect the business interests of vacation home owners. It notes that many rely on their home insurance policies to cover unfortunate events, but these plans often provide little or inadequate coverage.
Industry data shows that the vacation rental property market is a $9.6 billion industry, fueled by the popularity of platforms such as Airbnb and Vrbo. However, property damage or bodily injuries can cost tens of thousands of dollars to settle, which can cut into a rental property’s profitability.
Proper Insurance’s plans offer short-term protection that covers a guest’s length of stay, giving property owners greater peace of mind. Moreover, it offers specialized protections not offered by mainstream insurers, such as coverage for bed bug infestation, liquor liability, and income loss.
It also includes damage and bodily injury liability protection for amenities such as bikes, boats, and golf carts. The policies also protect owners from intentional acts of property vandalism, which can cost thousands of dollars to repair.
The insurance firm covers a wide range of vacation home rentals, including condos, townhouses, duplexes, cabins, cottages, and apartments. Its team of expert underwriters can create tailored policies depending on the specific needs of property owners.
As a premier partner of Vrbo, one of the world’s leading vacation rental platforms, Proper Insurance can provide hosts on this platform with special perks. Interested parties may also request for a free quote on a short-term rental policy.
Proper Insurance is the market leader in the short-term vacation rental insurance market, writing over 40,000 policies across all 50 U.S. states. It has an A+ rating from the Better Business Bureau and has been featured on USA Today, The Miami Herald, and Ask.com.
Further information on Proper Insurance and its services is available through https://www.proper.insure/vrbo-insurance