The Flipkey insurance policy replaces the owner’s current homeowner’s insurance. It’s written as a business insurance policy and includes coverage for the building(s), contents, Flipkey income, and commercial general liability of $1,000,000. When a Flipkey owner accepts money for the rental of their property, this is considered a business activity. What if the guest brought a dog and it bit the neighbor’s child? The child’s parent would likely sue the owner for bodily injury and if the owner did not carry Flipkey insurance they could be in trouble. Liability is the single biggest insurance exposure a Flipkey owner has and it simply can’t be ignored.
Flipkey Insurance Covers All Types of Properties
Flipkey by TripAdvisor has 300,000 listings which include all types of properties. This includes single family homes, townhomes, condos, cabins, apartments, and more. The insurance policy for Flipkey owners is designed to cover them all. Not only does it cover all property types, but it allows for a variety of named insured’s. Many Flipkey owners are putting their properties into a and LLC, or even an Inc. The Flipkey insurance policy allows for the named insured to be a sole proprietor, partnership, LLC, or Corp.