You just purchased your lifelong dream of a vacation property. Of course you are excited and want to protect your investment, so you purchase Homeowners Hazard Insurance. You settle back and begin enjoying your home and the perks of a vacation rental. Then, one day the water heater springs a leak all over the floors of the bedroom and bathroom. Your vacation renters are needless to say upset but you take care of them. Then you contact your insurance company to report the claim thinking that you are covered. During your conversation with the claim representative you are asked how long the renter was at the property. You reply, “5 days”. Then your claim rep lowers the “boom”! Your vacation rental property is not covered for short term rentals. You are in shock, in disbelief. You read the policy and it states that “rentals” were covered. You are stunned!! You try talking to the claims rep buy the words are having trouble coming out because your brain is frozen in time by the news that your insurance policy did not cover short term renters. Somehow you manage to utter the question “how is this possible”? The claims rep explains that rentals are covered provided they are 30 days or longer but since this was a 30 days or shorter your claim is not covered (and you are “screwed”!)
What just happened? Most if not all insurance agents fail to mention there is a BIG difference between “regular” Homeowners Hazard Insurance and Homeowner’s Hazard Insurance for vacation rentals which are 30 days or less. Most Insurance companies do not offer Home Owners Hazard Insurance for vacation rentals 30 days or less.
This leaves you now on a search for a needle in a hay stack, that elusive Homeowners Hazard Insurance Policy that will protect your property in the event of damage that might occur while you have a vacation rental. You are left feeling frustrated, annoyed and out of lots of bucks if you have a claim that is not covered. But there is hope. We at MammothRentalByOwner.com are affiliated with an insurance company that can provide you the insurance coverage you need for your vacation rental, all at a price that is comparable to “regular” Homeowners Hazard Insurance. Get the right policy, that will do it all for about the same price; compared to a policy that would leave you looking and feeling like a “walking dead”. Be an insurance policy survivor!
#mammoth395 #walkingdead #rentalinsuranceoops #mammothrentalbyowner #wecanhelp
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