- Vacation rental market is booming, providing ample opportunities for insurance providers such as InsuraGuest
- Vacation rental owners need to clearly determine what kind of coverage they need, including things that conventional insurance doesn’t typically cover
- InsuraGuest’s InsurTech platform covers different kinds of events, ranging from damage to rooms to lost items to accidental medical and death or dismemberment
Vacation rental is a lucrative business – there’s no disputing that. Vacation rental startups attracted nearly $100 million in venture capital funding in the first quarter of 2016, and the number of vacation rental users globally is expected to soar to 361 million over the next five years. Yet, vacation rental comes with certain risks, as does any investment. Here are three things every rental manager should know to stay safe.
- Not All Rental Policies Are Created Equal
The policy you should choose as a vacation rental manager normally depends on what kind of coverage you need, what type of property you own, and how you intend to use it. Unneeded or excessive coverage will…
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