STR home Insurance requiring Form D-1 b/c insurer is not licensed in State of CA

[Kim Leduff]

Hi BPers,

Ive been diligently looking for an Insurance company that will insure STRs in Los Angeles CA and finally found one called Proper Insurance. Has anyone heard of them? and if so what are your thoughts?

I was moving forward with them but was just informed i need to sign CA form D-1 which states "the insurer does not patriciate in any of the insurance guarantee funds created by California Law, therefore these funds will not pay your claims or protect your assets if the insurer becomes insolvent" .

Seems kind of risky but does anyone have any thoughts on this? I also have struggled to find any other company to insure my STR.

Thanks in advance for any and all help!

Kim

[John Underwood]

Proper, Cbiz and Foremost are the big 3 STR insurance providers.