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Updated about 19 hours ago on . Most recent reply

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Anne-Marie Singer
  • New to Real Estate
  • Santa Barbara, CA
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STR insurance. Experience with Truvii?

Anne-Marie Singer
  • New to Real Estate
  • Santa Barbara, CA
Posted

Hello! Does anyone have any experience, feedback, thoughts on using Truvii for damage insurance and guest screening? Safely requires 10 + properties under management so I don’t qualify. Truvii seems good but they’re based abroad in Tel Aviv so I wasn’t sure if that posed any obstacles with issuing payments on claims and would love to hear if anyone has experience working with them?

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Andrew Steffens
#3 Short-Term & Vacation Rental Discussions Contributor
  • Tampa, FL
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Andrew Steffens
#3 Short-Term & Vacation Rental Discussions Contributor
  • Tampa, FL
Replied

I do not have feedback on them, but have looked at other platforms before and it was prohibitively expensive.  If you use the major platforms and/or collect deposits you should be fine.  In over 30k reservations over 10 years I have only once had guest damage exceed $2,000 and it was about $8,000 for a fire resulting from fireworks on the 4th of July last year.  If I paid $10 per reservation (what another company offering a similar product wanted) I would have spent over $300,000 to date.

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Vacation Rentals of Florida
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