Proper Insurance
Proper Insurance is one of the Nation’s leading vacation rental insurance providers, with over 100,000 policies written in all 50 states. They’ve custom penned one of the most comprehensive policies on the market and offer protection for your property, income, host liability, amenity liability (bikes, kayaks, hot tubs, etc.), theft, vandalism, bed bugs, and more. They even have coverage for issues with SQUATTERS!
In a Hurry? Wanna Skip the Wordy Parts?
Recommended For the Following
Proper is recommended for any owners needing coverage for their real estate investment properties. They know and understand the needs of short-term rental owners.
Features
Types of Insurance Available:
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Short-Term Rental Insurance – A Commercial Homeowners Policy.
Types of Coverage Offered:
- Commercial Business Liability – $1M/$2M
- Building and Contents Coverage
- Business Revenue Protection
- Specialty Coverages
- Bedbug Infestation
- Liquor Liability
- Squatters
- Pet and Animal Liability
- Liability coverage for amenities off premises.
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Intentional Acts of Vandalism and Theft.
Mobile App – No
Customer Support:
- Phone
Pros
- Proper has an A+ rating with the Better Business Bureau.
- Proper was specifically created to serve the needs of short-term vacation rental property owners.
- Proper is a coverholder for Lloyd's of London; this means that insurance policies written and bound by Proper also carry the backing of Lloyd's of London. Be aware that claims are managed by Proper as opposed to Lloyd's of London.
Cons
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Proper strives to provide ‘best in class’ coverage for your business, which can come at a cost. As a vacation rental owner, you are a business owner, therefore you need business insurance which can come at a higher cost than a regular homeowners policy. Be sure to read the details of the insurance quotes you receive from other companies and compare not only the coverages but also the exclusions.
- The language of Proper policies could be written in a more customer-friendly manner. Compared to policies from some other companies we’ve reviewed, Proper's policies can be especially wordy.
Customer Reviews
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