HomeAway was established in 2006, and after the Vrbo acquisition has gone on to become a titan in the vacation rental industry. They host properties from 120 countries, which is 99% of the world! You can find country cottages, lake houses, villas, chalets, and even castles listed on HomeAway.
Like Airbnb and Vrbo, insurance for HomeAway property owners has never been more important. With HomeAway listings in every community across the U.S., domestic insurers have wizened up and regularly deny claims involving short-term rentals.
A typical property on HomeAway is a challenge to insure because it has multi-use or multi-occupancy. At times throughout the year it’s used as a short-term rental or business, at other times it’s used for personal use by the owner, and at times it may even be unoccupied. The only way to fully insure the property for this multi-use is with a specialty insurance policy such as Proper Insurance.