Landlord Insurance Is Actually Three Different Contracts
Monday, September 14
Ask ten property owners what they carry on a rental and almost every single one says landlord insurance. Here's the thing. That phrase doesn't appear anywhere in the actual contract. What's actually printed in there is a form number, and it's one of three. DP 00 01, DP 00 02, or DP 00 03.DP stan...
The Five Insurance Forms Your Rental Can Be Written On
Monday, September 07
I ask every host the same two questions when we start an audit. Who's your carrier, and what's your premium. Almost everyone answers both in about four seconds flat.Then I ask what policy form they're on. Almost nobody knows.That form is the part that actually decides whether a claim gets paid. N...
Two Wildfire Insurance Gaps That Cost One Host $101,000
Monday, August 31
I had a host reach out after a wildfire tore through her mountain community last summer. Her cabin survived, technically. Partial loss, salvageable, but the deck burned, the roof and one wall took heat damage, smoke filled the whole interior. Total damage came to $284,000. Her insurance paid ou...
The Insurance Gap That Water Damage Always Finds
Monday, August 24
A housekeeper walks into a basement on a Monday morning to prep for a Thursday booking. She calls the property manager fifteen minutes later. The basement smells like mildew. Water staining runs along the bottom of the north wall. Mold has already taken hold in two corners. There's standing water...
What Happens When Your Cleaner Gets Hurt, Not Your Guest
Monday, August 17
Almost everything I talk about here involves guests. The person who slips by the pool. The kid who gets hurt on a trampoline. That makes sense, because guest injuries are the most common claim a short term rental sees. But there's a second kind of liability that almost nobody talks about, and it...
Your Paid Claim Is Now a Record That Follows You for Years. Here's How
Monday, August 10
Your Insurance Claim Doesn't End When the Check Clears. Here's What Happens Next. I was talking with a host a while back who had just wrapped up a water damage claim. Burst supply line under a bathroom sink, caught it within a day, carrier paid, contractor came out, done. He was relieved. He figu...