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435. Short-Term Rental Insurance 101 with Proper Insurance

Feb 6, 2025

01:13:42

In this episode, we take a deep dive into short-term rental insurance, breaking down why having the right coverage is essential for protecting your property, income, and business. We welcome Nick Massey, Chief Sales Officer at Proper Insurance, who shares critical insights on what hosts need to know, from common misconceptions about platform-provided coverage to real-life case studies of claims and payouts.

What We Cover:

Why short-term rental hosts need specialized insurance
Common claims and risks in the short-term rental industry
The differences between standard homeowners insurance, landlord insurance, and commercial policies
How loss of income coverage can save your business after a claim
Guest-caused damage: what’s covered and what’s not
How to ensure your amenities—pools, hot tubs, kayaks, and more—are properly insured
The biggest mistakes hosts make when it comes to insurance
What co-hosts and property managers need to know about liability
Why arbitrage hosts need a unique insurance solution
How insurance providers evaluate your property and listing for risk management
The importance of transparency when discussing insurance with property owners

Resources & Links from This Episode: