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”. 

Short Term Rental Protection

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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 home and can alert you to a party in real time. With data provided by NoiseAware the success of this device is astounding with 80% of noise disturbances resolved within 15 minutes of receiving a Noise Alert. This technology will notify you of nuisance guests before your neighbors, or the police, do. 

Hosts should also consider how their property is insured in the case of severe damage to their home or an injury or death occurring at their property. Proper Insurance is the nation’s leading insurer of Short Term Rentals with over 30,000 policies written. Many hosts consider traditional homeowners’ insurance to be sufficient coverage. However, the most important detail for owners and hosts to understand is the business activity exclusion typically found in these policies.

For example, if a guest damages a host’s property or is injured on their property, a homeowner’s policy can simple deny the claim based on business activity at the property. By securing appropriate insurance hosts can have peace of mind knowing they are protected while operating their Short Term Rental business.

Proper’s advice is don’t wait for the damage. Make sure you are protected before you enter the Short Term Rental market. By ensuring that you and your property are covered for business activity, and researching ways to use technology to your advantage, you can enter the Short Term Rental market with confidence and peace of mind.  

Give Proper Insurance a call today to discuss how to correctly insure your Short Term Rental – (888) 631-6680!