Community: Message List - Who can recommend an insurance carrier that specifically offers Vacation Rental Insurance?

Re: Who can recommend an insurance carrier that specifically offers Vacation Rental Insurance?

community-no-reply@homeaway.com — Sun, 09 Jun 2013 14:40:22 GMT

No problem hkquinn! I am hoping those that bought from CBIZ will share the insurance industry standard letters or identification of the policies that they purchased for their VR. It would be nice to know why DP (Dwelling Policy) is appropriate for some VR's but not others. What are the exceptions? .... higher risk or owner living on property? How is the average VR owner supposed to know for sure if we have the proper coverage?

Re: Who can recommend an insurance carrier that specifically offers Vacation Rental Insurance?

community-no-reply@homeaway.com — Sun, 09 Jun 2013 13:50:00 GMT

Sorry, I saw the description for DP-1 and DP-3 and didn't see the link at the bottom for rentals. This does give a good, easy to understand description.

Re: Who can recommend an insurance carrier that specifically offers Vacation Rental Insurance?

community-no-reply@homeaway.com — Sun, 09 Jun 2013 12:32:38 GMT

Examples - A cabin with minimal amenities, or a house in a vacation area rented out weekly.

This example, which specifically mentions a property rented out weekly in a vacation area, was copied from the page explaining the DP .... the letters designate Dwelling Policiy as opposed to a Homeowners Policy (HO) which is not appropriate for VR's.

Here's the link to the page explaining the insurance:

http://www.amig.com/seasonal_home.html

Note: This thread will be much more effective if everyone identifies the type of policy by the letters as used by Insurance Standards Organization

Cascade/Propel also specializes in VR policies which are DP policies.

There may be exceptions as to why or when a VR owner might need a commercial or a business policy, and this Community would be a great place to have the discussion.

If you have a link to information that indicates that DP is not appropriate for VR's, or specific info as to the policy (please use letters) please share; I would be very interested in reading it as this is probably the most confusing area for all VR owners to deal with.

Re: Who can recommend an insurance carrier that specifically offers Vacation Rental Insurance?

community-no-reply@homeaway.com — Sun, 09 Jun 2013 01:55:34 GMT

Actually Lincoln, that description is for owners who have a second or seasonal home and do not rent them out. You would specifically need a policy that covers short-term rentals. Otherwise you may not be covered for specifics like theft.

Re: Who can recommend an insurance carrier that specifically offers Vacation Rental Insurance?

community-no-reply@homeaway.com — Sat, 08 Jun 2013 13:27:03 GMT

The best website for explaining Vacation Rental insurance is American Modern ... it clearly shows that DP (Dwelling Policy) is the appropriate insurance for a Vacation Rental.

http://www.amig.com/seasonal_home.html

Re: Who can recommend an insurance carrier that specifically offers Vacation Rental Insurance?

community-no-reply@homeaway.com — Tue, 16 Apr 2013 23:29:56 GMT

The HomeAway Assure program is the same thing as the CBIZ program.

If you check the CBIZ page ...

http://www.cbizspecialtyinsurance.com/VacationRentals.html

And the page for Homeaway Assure - A CBIZ Program ...

http://www.cbizspecialtyinsurance.com/HomeAwayAssure

You see that they are the same.

I purchased my insurance with CBIZ before the partnership with the HomeAway.

In summer 2012, when the CBIZ agent called to renew, I asked her if there was any advantage to signing up for this new HomeAway Assure program. She said "No, ma'am. It's the exact same thing as what you've had already."

Meanwhile, I was very happy to learn that my annual premium dropped from about $2,600 to about $1,600. I'm guessing it's because CBIZ now has a lot more customers because of the Homeaway partnership. Therefore, the premiums are now lower for everyone. Hurray! (Just my hunch.)

Re: Who can recommend an insurance carrier that specifically offers Vacation Rental Insurance?

community-no-reply@homeaway.com — Fri, 10 Aug 2012 14:35:42 GMT

HomeAway now offers now offers HomeAway Assure insurance for vacation rentals.

See press release http://www.prnewswire.com/news-releases/homeaway-presents-first-of-its-kind-insurance-product-tailored-for-vacation-rental-properties-163533156.html

Re: Who can recommend an insurance carrier that specifically offers Vacation Rental Insurance?

community-no-reply@homeaway.com — Thu, 14 Jul 2011 23:45:27 GMT

My agent is a Farmers agent. He is great! I switched to him because I was having problems like you with coverage issues.

I emailed my agent with your question and below is his reply.

So she owns a vacation home or rents one? Either way I can help. Thanks for the thought!

Like us on Facebook!

Chris Long

Farmers Insurance Specialist

Office: 303-691-2300 ext. 24

Cell: 720-209-4598

Fax: 720-306-3565

Christopher Long [clong@farmersagent.com]

If you would like me to have him call you or If you need any questions you can email me your contact at mvpmoney@gmail.com

Mario Perricone

720-283-7409

Re: Who can recommend an insurance carrier that specifically offers Vacation Rental Insurance?

community-no-reply@homeaway.com — Fri, 27 Jul 2012 22:48:42 GMT

I think you should have your agent go to Headquarters because I believe your policy is for long-term rental. I have State Farm for my Hawaii main home and also had them for our rental. Then renewal came up for the rental and in the course of answering their questions I naturally mentioned that it’s a short-term vacation rental. State Farm head office said they don’t offer that type of policy and gave me a couple of weeks to get another insurer. Logic suggests that a homeowner policy would be the least, long-term more, and short-term definitely the most.

Sorry for what is probably bad news, but you wouldn’t want a serious question on a major claim.

Aloha, Michael

Re: Who can recommend an insurance carrier that specifically offers Vacation Rental Insurance?

desertdweller2010@gmail.com — Fri, 27 Jul 2012 22:19:23 GMT

Sandie Mckinely at State Farm in Oregon is my Agent. She can only do Oregon but it means that State Farm has the policy at a great rate. I pay maybe $100 more a year than my regular Homeowner Rates.

Lara