About Darren Pettyjohn

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So far Darren Pettyjohn has created 22 blog entries.

A Deeper Look Into Airbnb’s AirCover Protection

The first thing to understand about Airbnb's AirCover protection is that is does not replace a Hosts current homeowner's insurance. It's such an important fact, it's listed as the #3 FAQ on the AirCover protection landing page, as seen below. Why is AirCover recommending you call your insurance company? Because if you do not fully disclose your Airbnb rental activity to your insurance provider, then they can [...]

By |2021-11-29T13:34:13-07:00November 18th, 2021|General Short Term Rental Insurance Info|

What Is The Vacancy Clause? [Updated 2021]

Nearly all vacation rental home insurance policies have what’s called a ‘vacancy clause‘ and it’s important every owner understands its limitation.  The average vacancy rate in short-term rentals is around 30%, which is about 109 days.  Vacant or unoccupied properties pose higher risks because no one is around to identify potential problems.  What does this mean from an insurance perspective? No Coverage for Vandalism, Water Damage, and Theft If [...]

Vacation Rental Liability: What Every Owner Needs To Know [Updated 2021]

Most vacation rental owners do not fully understand the potential liability of owning a short-term rental. With over 50,000 vacation rental policies issued now, Proper Insurance® has become the nation’s leading expert in short-term rental liability claims. #1 – $1,000,000 in commercial general liability minimum  Most short-term rental owners carry $300,000 – $500,000 in liability coverage, which is not enough. In today’s world, your policy limit needs to be $1,000,000 minimum and we suggest you [...]

Bed Bug Insurance Coverage, Protecting your Rental from Unwanted Guests [Updated 2021]

Just like your guests, bed bugs love to travel.  Bed bugs aren’t the first item of thought when being a short-term rental owner but it’s important to understand how they can pose a risk at your rental business.  Homeowners spend an average of $1,000-$2,500 to exterminate bed bugs, but it can be as much as $5,000 in a large house.  Not knowing where your guests stayed the night before [...]

Virginia Beach Short Term Rental, Airbnb $1M Insurance Requirement

Updated 3/24/2021 Virginia Beach has consistently offered a variety of lodging options for tourists including Hotel/Motels, Bed and Breakfast Inns, Country Inns, and short-term rentals. With over 2,000 registered short-term rentals, the city designed regulations to address public and safety concerns and to protect the personality of their neighborhoods. Beginning November 1st, 2019 the regulations include the following significant items: Hosts must obtain a conditional-use permit to be renewed [...]

By |2021-03-24T09:56:07-06:00November 25th, 2019|Regulations|

How to Protect Your Short Term Rental Business: Navigating the Risk of Party Houses

Recent events have cities across the US revisiting how Short Term Rentals are allowed in their communities and debating stricter regulations to avoid increasingly common “party houses”. 5-Minute Quote Short Term Rental Protection How can hosts protect their Short Term Rental business and keep neighbors and city leaders on their side? Proper Insurance recommends NoiseAware. NoiseAware is a proprietary noise monitoring system that tracks the ‘noise score’ in your [...]

How to Set Up Your Home to Be a Rental Property

By Dylan LeCompte Renting out your house instead of listing it on the real estate market is a common, and even profitable, way to hold on to your property when you aren’t currently living in it as a primary residence. Some homeowners choose this direction when they want to wait to sell when their second home’s value increases or the market turns in their favor. Others may want to [...]

Boise, ID Residents Await Update on Proposed Short Term Rental Ordinance

While Boise does not currently regulate Short Term Rental properties, the city is considering adopting regulations going into 2020. Comments from the community are now closed while city officials review the proposed ordinance. (Click here to discover other cities adopting Short Term Rental regulations.) “The regulation proposes four restrictions on short terming housing: Require all new short term rental units to be approved by the city through an application [...]

By |2020-06-30T11:13:12-06:00November 12th, 2019|Regulations|

How Airbnb General Liability Insurance Fits Into Jersey City, New Jersey Short-Term Rental Ordinance

The NY Times, Wall Street Journal, and Fox Business are all reporting today on the Jersey City short-term rental regulation that passed. Why so many headlines you might ask?  The reason is Airbnb plans to go public in 2020 and prohibitive regulation makes potential investors uneasy.  What if other cities adopt a similar regulation?  The truth of the matter is common sense regulation surrounding the short-term rental or home-sharing [...]

By |2021-06-21T11:52:46-06:00November 6th, 2019|Regulations|

Despite Regulations, Miami Beach is #1 for Most Short Term Rentals Per Capita

The Miami Beach Times recently released results to a survey completed by AirDNA and IPX 1031 regarding the top cities for Short Term Rentals. “Florida is home to seven of the top ten cities with the most Airbnbs per capita. Kissimmee, FL comes in at No. 2 with Walt Disney World Resort and Universal Studios next door, Daytona Beach comes in at No. 4, while Miami, Fort Lauderdale, [...]

By |2020-08-17T12:31:33-06:00November 5th, 2019|Regulations, Home Sharing Insurance|
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