Home Insurance And Vacation Rentals

​You've been waiting for this vacation with your family, and you wanted it to be perfect. Your well-deserved vacation can go as smoothly as planned, or something unexpected can happen. 

For instance, your children accidentally break the tv while playing catch in the living room at your vacation rental. Or say you broke furniture while holding a party when things got out of hand. As a homeowner yourself, you know that one's major concern is their belongings. It's a good thing that your insurance may cover damages to the hotel room or the Airbnb where you and your family stayed at. 

What Your Home Insurance Does Not Cover
Liability insurance could cover damages you or your family incurred on other peoples' properties. It differs from your standard home insurance policy, but it wouldn't hurt to ask your provider if it's already included. That broken furniture might be covered if you prove that it was definitely an accident. 

Negligence of the renters that caused damages to the property won't probably be covered. It still pays to be vigilant when you are not in your own home. 

What is Vacation Rental Damage Insurance?
This is also what you call "traveler's insurance". If this is included in your policy, you won't have any problem with those minor damages during your vacation. You may just be billed for reimbursement, and your insurance takes care of the rest. 

What Type of Insurance Does the Owner Have?
It is also good to know what their insurance covers when they decide to sue over those damages during your stay.

• Liability coverage - For when guests acquired injury at the property
• Structure coverage – For when a fire or a robbing incident happened during the renters' stay
• Contents coverage - This only covers items that are a part of the property. Those that aren't would need a different policy.
• Lost income - If the property being rented out is the only source of income by the owner, then damages may surely cause a financial burden. This may help them sort things out. 

Conclusion
Not being in your own home while worrying about causing little damage and still being able to enjoy your vacation must be difficult for some. It won't be as hard for you as you've got yourself covered. Getting that insurance is probably the best decision you will ever make.

At Priority Insurance LLC, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (864) 297-9744. You can request a free quote by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!