Rental Insurance for Property Managers…
Why it is so important to make sure your clients are properly insured.
Most people who rent their vacation homes know very little about insurance and the risks involved in renting their homes. They have contracted with you because they trust your knowledge and expertise in all areas that apply to their renting their home. That is why it is so important that you advise them properly when it comes to selecting the right type of insurance and insurance agency.
In today’s litigious environment, no one is safe from being sued which is why it is very important to make sure that if your client has a liability claim or property damage claim that they are going to be covered. If they are not covered properly, then it is pretty safe to say that their attorney or the attorney of the tenant that you booked the home for are going to look to you to take care of their damages.
At VRI, all we do is insure vacation rentals.
We have partnered with a select group of companies that will cover a wide variety of different occupancy types and rental exposures. We work with management professionals to help them educate their clients about the importance of making sure they have the right policy for their individual situation. In turn, this helps our management professional partners better protect themselves from the threat of a lawsuit.