Five Reasons to Work with Licensed Insurance Agent for your Short-Term Rentals
If you manage short-term rentals, you should be aware that short-term rental insurance from a reputable company is one of the most important tools available to you. Your standard homeowners insurance will not cover your rental business. And you shouldn’t rely on the Airbnb or Vrbo guarantees which are there to protect the guest and not the property manager or host.
Commercial insurance, specifically a policy for short-term rentals, will cover you, your home and your guests whenever someone has rented your property. Working with a licensed insurance agent for your commercial insurance needs offers several advantages over working with an unlicensed agent or a third party platform for damage protection. We take a look at the top five ways a licensed agent comes out on top.
1. Expertise and Knowledge
Licensed insurance agents have undergone training and passed exams to obtain their licenses, most often in multiple states. They possess the knowledge and expertise to help you understand your insurance needs, assess risks, and select appropriate coverage options tailored to your specific business or property.
2. Regulatory Compliance
Licensed insurance agents are regulated by state insurance departments and must adhere to strict ethical and legal standards. They are required to act in the best interests of their clients and comply with all applicable laws and regulations, providing you with greater protection and peace of mind.
3. Personalized Guidance and Support
Licensed agents offer personalized guidance and support throughout the insurance buying process. They can assess your unique risk factors, answer your questions, explain policy details, and provide professional advice to help you make informed decisions.
4. Claims Assistance
In the event of a claim, licensed insurance agents can provide valuable assistance and support, helping you navigate the claims process, gather necessary documentation, and advocate on your behalf to ensure fair and timely resolution.
5. Accountability and Professionalism
Licensed insurance agents are held to high standards of professionalism and accountability. They are required to maintain ethical conduct, uphold client confidentiality, and provide accurate and honest information, fostering trust and reliability in their relationships with clients.
Why do you need short-term rental insurance from a licensed agent?
Working with a licensed insurance agent ensures that you receive expert guidance, access to quality coverage options, and reliable support for your commercial insurance needs. It helps you make informed decisions, protect your assets, and mitigate risks effectively, enhancing the overall security and success of your business or property.
With the Safely Protection Policy and Safely’s guest screening, you’re protected before, during, and after every reservation. Let one of the Safely licensed agents design a custom plan for you and your property management business, so contact us today.
