Insurance for Vacation Rental

[Cristy George]

We are closing on our first vacation rental property in Destin FL in a couple of weeks. I feel so ignorant about everything we still need to learn! I am seeking out insurance companies for the property. I have a list the realtor gave me but wonder if someone has a personal referral in this area, perhaps someone who doesn't mind educating the ignorant in the process, and someone we can continue to use as we move forward in acquiring more properties in the area?

[Paul C.]

Hi @Cristy George, I went through a similar process earlier this year trying to find an insurance company that would properly insure my vacation rental.  Most of the typical home insurance companies (State Farm, All State, etc.) did not provide adequate coverage for a vacation rental business.  I found that agents sometimes did not realize this, but upon insisting that they get confirmation, would come back and say they could not cover vacation rentals.

Bottom line is I went with Proper Insurance and now use them for three properties.  CBIZ offers a similar product, but I found their prices were not as competitive.  I would recommend giving Proper Insurance a call, they were very good about explaining their product and why it was the appropriate policy for a vacation rental.

Hope that helps.