Why you need a special vacation rental insurance policy for your property
Most vacation rental owners carry either a homeowner or landlord insurance policy, both of which have significant coverage gaps. Homeowner insurance is designed for an owner-occupied property, while a landlord policy is designed to be tenant-occupied.
Vacation rentals are different. They typically have three uses throughout the year: rental guest stays, owner’s vacations, and periods of being unoccupied. You need a vacation rental insurance policy that can cover all three.
What we recommendWe recommend Proper Insurance as our preferred comprehensive home insurance vendor in the US. The Proper Insurance® policy is designed to address the unique exposure of vacation rentals. It provides comprehensive insurance for your building(s), contents, income, and liability.
Vacation rental insuranceIt entirely replaces a homeowner or landlord policy; if you carry the Proper policy, there’s no reason to keep your other insurance in place as you would be "double" insured. It’s offered in all 50 states and Proper’s expert underwriters are here to help. Visit Proper Insurance for more information.
- Vrbo doesn’t permit Property Managers to market their own damage insurance and/or travel insurance on our platform.
- Some insurance carriers will offer a rider that allows for “occasional” rentals and offer limited property and liability coverage. The problem is limited coverage, and most vacation rental properties have guests “regularly” not “occasionally”, so virtually any claim could be denied and is subject to carrier interpretation. If you regularly rent your vacation property, you need business insurance.
- The Proper Insurance policy is comprehensive. This means there’s full coverage in place whether it's being rented, vacant, and/or being used by the owner or their guests. It is designed for vacation rentals that are either second homes or that double as primary residences. It entirely replaces a landlord or homeowner policy. If you carry the Proper policy, there would be no reason to keep your other insurance in place as you would be "double" insured.