Steadily is recommended for any owners needing coverage for their real estate investment properties.  They know the needs of short-term, mid-term, and long-term rental owners.

Types of Insurance Available:

• Dwelling policy
  • DP3
  • DP2
  • DP1
• Umbrella
• Builder’s risk
• Flood
• Earthquake

Types of Coverage Offered:

• Standard Coverages
  • Dwelling
  • General Liability
• Policy Customization Available With Specialty Coverages
  • Bedbug Infestation
  • Liquor Liability
  • Squatters
  • Loss of Business Income and Business Interruption
  • Pet and Animal Liability
  • Additional Perils:
    • Earthquakes
    • Volcano
    • Forest Fire
    • Wind/Hail
    • etc.
  • Liability coverage for amenities off premises
  • Accidental Damage

Customer Support:

• Phone
• Email
• SMS
• Knowledge Hub

Proper is recommended for owners needing real estate investment property coverage.  They know and understand the needs of short-term rental owners.

Short-term vacation rentals don’t fit into one insurance category, so they have developed a specialty policy that covers both commercial and personal use of your vacation rental.

Types of Insurance Available:

• Short-Term Rental Insurance – A Commercial Homeowners Policy. Think of it as a homeowner’s policy, a landlord policy, and a business policy all wrapped into one.

Types of Coverage Offered:

• Commercial Business Liability
  • $1,000,000 standard occurrence limit, with $2,000,000 available in general aggregate
  • Commercial Liability extends to amenities on and off pre
  • Liability is enhanced for incidents involving pets/animals, liquor, personal & advertising injury with the invasion of privacy, communicable disease, and more.
  • No limitations on assault, battery, or molestation
  • Continues over amenities such as bicycles, golf carts, hot tubs, pools, fishing, rec areas, small watercraft, and more
  • Additional $1,000,000 in personal liability when rental “doubles” as a primary residence

• Building and Contents Coverage
  • Special Form ‘All-Risk’ Cause of Loss (Building & Contents)
  • Replacement Cost Valuation (Building & Contents)
  • No limit on theft or damage caused by a guest, whether accidental or intentional damage (vandalism)
  • Vacant or Unoccupied
  • Water damage subject to your building limit
  • Back-up sewers and drains coverage up to $25,000
  • Complete ordinance or law (optional)
  • Bed Bug Extermination & Business Revenue – No Deductible
  • Squatters & Eviction Expenses Plus Business Revenue – No Deductible
  • Loss assessment
  • Debris removal
  • Unscheduled structures

• Business Revenue Protection
  • Paid on an ‘actual loss sustained’ valuation
  • Reimburses lost revenue vs. lost income
  • No time limit on coverage payout
  • Only subject to the limits you choose

• Special Enhancement Coverages
  • Property Entrustment – Most insurance policies exclude theft, vandalism, and intentional or malicious damages to your home and contents due to entrusting your property to another party. Proper’s custom enhancement removes this limitation, so full property coverage applies as an STR.
  • Bedbug Infestation – Proper provides comprehensive Bed Bug Protection. Their coverage includes protection for general commercial liability, extermination costs, and loss of business revenue.
  • Liquor Liability – This policy covers bodily injury and property damage arising from the selling, serving, or furnishing of liquor/alcohol. However, there is no such coverage if you are legally required to have a license or permit to sell, serve, or furnish liquor/alcohol.
  • Squatters – Proper’s Squatter protection covers Loss of Business Revenue and the legal fees incurred when removing the squatter from your STR.
  • Pet and Animal Liability – This policy covers bodily injury and property damage from animals/pets. This coverage is provided on and off the premises and has no special breed exclusions.
  • Amenities On & Off Premises Liability – This policy provides coverage for bodily injury and property damage resulting from many popular amenities provided on and off the premises, such as swimming pools, hot tubs, ponds, saunas, docks/piers, exercise equipment, bicycles, paddle boards, kayaks, small watercraft, fishing, cross country skiing and more. (Amenities are subject to underwriting and safety guidelines – be sure to discuss your offered amenities with your account representative.)

Mobile App – No

Customer Support:

• Phone
• Email

Individual Self-Managing Property Owners – Yes, for properties within the United States

Property Managers and Co-hosts – Not applicable. Property insurance coverage is held by the property owners, not the property managers.  Property managers can contact CBIZ for alternative insurance products to cover their property management operations.

Types of Insurance Available:

• Vacation Rental Insurance

Types of Coverage Offered:

• Standard Coverages
  • Dwelling
  • Commercial Liability – 1-2 million aggregate coverage available.
  • Commercial Property – Coverage will vary according to the cost of rebuilding the property.
• Policy Customization Available With Specialty Coverages
  • Bedbug Infestation – Yes, $17,50 in coverage.  No deductible applied.
  • Liquor Liability Coverage – No
  • Squatters Coverage – No
  • Loss of Business Income and Business Interruption Coverage – Yes, coverage amounts vary by property.
  • Pet and Animal Liability – No
  • Additional Perils:
    • Earthquakes – No.  This coverage would require a separate earthquake policy.
    • Volcano – CBIZ does not write in areas adjacent to volcanos.
    • Forest Fire – Yes
    • Wind/Hail – Yes
  • Liability coverage for amenities off premises: Yes, with the exclusion of watercraft with motors.
  • Accidental Guest Damage – No
  • Pools: Yes, with the exclusion of pools with a diving board or slide.

Customer Support:

• Email
• Phone