CBIZ Vacation Rental Insurance

The CBIZ vacation rental insurance program is a first-of-its-kind insurance coverage, tailor made for short-term vacation rentals. The coverage is underwritten by Tudor Insurance, which is AM Best rated A+ (superior). This replaces a homeowner’s policy and provides the proper coverage for a short-term rental.

Replacement cost coverage for your building(s) and contents including theft
Coverage for damage to your building and contents caused by a guest
Loss of income coverage with no limit
Commercial liability coverage in the event of guests injury or death
Commercial liability coverage extended to your amenities: swimming pools, hot tubs, watercraft, docks, piers, picnic and beach areas, fishing, bicycles, and much more
I already have a homeowner’s policy; why do I need this?
Because homeowner’s coverage does not cover vacation rental business activities. Your vacation rental is a business and your doors are open. What if you are sued? If a renter should slip in the shower, fall down the stairs, be injured or killed in a fire you would have no coverage with a homeowner’s policy.

Also, a homeowner’s policy will not fully compensate you for loss of rents should something happen to your property. In the event of a covered loss, the CBIZ short-term vacation rental policy will continue to pay you rental income for as long as you are out of the business, up to the limit you select on the policy. The money will continue to come in so you can pay the mortgage, taxes, and still make a profit.