Oklahoma City, OK enforces short-term rental regulations for Airbnb, Vrbo, etc.

Hosts in Oklahoma City are required to secure an annual $24 short-term rental license to operate out of their primary residence, as well as remit applicable hotel and sales taxes to the City and the Oklahoma Tax Commission.  The following are required documents to secure a short-term rental license: Home sharing application Home sharing affidavit Zoning verification (completed by city staff) Proof of property ownership (county assessor, mortgage) or [...]

By |2020-03-31T09:59:28-06:00March 31st, 2020|General|

Clear Creek County, CO enforces short-term rental regulations

Hosts in Clear Creek County, CO are presented with requirements for operating their short-term rental business, such as obtaining an operating permit and maintaining a Colorado State Sales Tax License and remitting applicable taxes. Additional requirements to obtain a short-term rental permit ($250.00 annually):  Obtain a Life Safety Inspection from the Department of Building Safety Provide evidence of availability of connection to a sanitary sewer system or an adequate [...]

By |2020-03-27T09:34:06-06:00March 27th, 2020|General|

5 Need-To-Know Tips for Buying a Vacation Home

After years of hard work, it’s no wonder you’d like to take a well-deserved break. Those who are fortunate enough to reap the benefits of years in the workforce often do so by acquiring a vacation home. The idea of a vacation home in your favorite place on a sunny beach sounds dreamy, but it’s important to be both realistic and prepared when it comes to this investment. You [...]

By |2020-03-24T11:32:21-06:00March 24th, 2020|General|

What Is The Vacancy Clause?

Nearly all vacation rental home insurance policies have what's called a 'vacancy clause' and it's important every owner understands it's limitation. Unfortunately, with the recent COVID-19 pandemic, most vacation rental owners have experienced a wave of cancellations, which means vacant properties, or at minimum unoccupied properties. What does this mean from an insurance perspective? No Coverage for Vandalism, Water Damage, and Theft If a property is deemed vacant at [...]

By |2020-03-26T14:29:13-06:00March 19th, 2020|General|

The Importance of ‘Loss of Business Income’ for Your Short-Term Rental

Ever wonder how your local coffee shop would survive if they had fire? The obvious answer is insurance, but while they likely have a policy to cover reconstruction, what about daily operations and revenue they’re unable to generate during rebuild? The answer is a coverage called Loss of Business Income, a standard protection on commercial policies.  So, what about short-term rental properties? After all, doesn’t your rental have income [...]

By |2020-03-10T12:22:29-06:00March 10th, 2020|General|

Vacation Rental Liability; What Every Owner Needs To Know

Most vacation rental owners do not fully understand the potential liability of owning a vacation rental. With over 35,000 vacation rental policies issued now, Proper Insurance® has become the nation's leading expert in vacation rental liability claims. If you have not yet had Proper perform a comprehensive coverage review and comparison, we highly suggest you do so. Get A Coverage Comparison Today #1 - $1,000,000 in commercial general [...]

By |2020-03-10T11:40:47-06:00March 4th, 2020|General|

Bed Bug Coverage | Proper Insurance® Offers Another Industry First

There is something about bed bugs that makes all vacation rental owners uneasy. Not only are they a nuisance, but they pose real property and liability concerns. With over 30,000 vacation rental insurance policies written, Proper Insurance has listened to its policyholders and delivered a first-of-it's-kind endorsement. $15,000 in extermination coverage with no deductible When bed bugs are discovered at a vacation rental, the first order of business is [...]

By |2020-03-04T17:02:28-07:00February 10th, 2020|General|

How to Improve Airbnb Renter Experience through Smart Devices

Before flyers, commercials, and pamphlets, people relied on word of mouth to know whether a brand was good or not. With today’s technology, word of mouth has advanced to reviews and testimonies. These reviews are crucial for any industry, but doubly so for those in the rental business such as Airbnb. The Medium reportes that it takes around seven reviews before a customer trusts a business, and over 90% [...]

By |2020-03-04T17:03:27-07:00February 4th, 2020|General|

How to prepare for your short-term rental Superbowl guests – top claims continued

Last week we dove into the details of 'sewer back-up' claims and had such a great response we decided to take a look at another of our most popular claims from 2019 - and given that the Super Bowl is this weekend, this one couldn’t be more appropriate.  Many of you are already booked for televisions biggest weekend, and while major events can be an easy opportunity to fill [...]

By |2020-03-04T17:04:13-07:00January 31st, 2020|General, Home Sharing|

Which claim are you most likely to encounter as a host in 2020?

As the year ramps up, we’re all excited to see what 2020 has in store. You’ve survived another holiday rental season, but with spring just around the corner, you may be wondering how you can keep your property better protected this year.  When it comes to short-term rentals, there’s no shortage of incidents you could encounter as a host, but knowing which problems you’re most likely to see can [...]

By |2020-02-09T23:21:25-07:00January 20th, 2020|General|