As short-term vacation rental experts, we understand the
daily challenges of a property manager.
The last thing on your agenda should be insurance for your
owners. However, it’s there, and if it’s not, it should be.
It’s so very important for your owners to carry the proper
insurance on their vacation rental properties.
$1,000,000/$2,000,000 in Commercial General Liability –
Property managers are automatically covered under the Commercial
General Liability. This is done at no charge and is written into the policy.
This means if a property manager is found liable for “bodily injury or
property damage” occurring from the short-term vacation rental,
the owners liability coverage now extends to the manager.
Property Manage Commission Income Protection –
A first-of-its kind endorsement built into every policy.
Under a business income claim, both the owner and
the manager receive a business income check.
However, the property manager contract must specify as such.
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