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Updated over 5 years ago on . Most recent reply

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Mike Lattier
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43
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What are the options for insurance?

Mike Lattier
Posted

I'm beginning to explore insurance for a VR that I will be purchasing soon in the SouthEast - mountains not beach.  It seems there may be only a couple options.  I'm curious what the VR owners here are using.  Is Proper the go to?  Any other options available?  AND, I wonder what people did 20 years ago for insurance for VRs.

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Jason Bott
Pro Member
#2 Insurance Contributor
  • Insurance Agent
  • Nationwide
1,429
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2,493
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Jason Bott
Pro Member
#2 Insurance Contributor
  • Insurance Agent
  • Nationwide
Replied
Originally posted by @Mike Lattier:
Originally posted by @Jason Bott:
Originally posted by @Michael Baum:

Hi @Jason Bott, thanks for that, but I explored CBIZ and their coverage isn't anywhere near as good as Proper. 

Well then I would say you have covered the main players in the STR market.

Interesting. Dolan Jablonski indicated to me that there are a lot more choices than these for STR.

Mike, there very well could be, but those 3 probably control more than 50% of the market.

I am aware of other companies that can offer a quote, but I don't recommend them as they do not have the policy language adapted to the STR exposure that make Proper and CBIZ the main players.

Full disclosure, I hold a contract with Foremost and Proper, but it’s not my focus so I refer investors to go direct.

Please post your results once you have made your final decision.  Good info for everyone to have.  Who knows, maybe I’ll be putting down Dolan as the 4th option going forward:)

  • Jason Bott
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