As a vacation rental homeowner or property manager, the last thing you want to hear is that a guest was injured at your property.
Unfortunately, injuries can and do happen. Depending on the circumstances, your guest may believe you bear some responsibility for his injuries.
Of course, being accused of negligent or intentional acts that led to a guest’s injuries does not necessarily mean you are responsible. Even if you bear some responsibility, there may be other factors that led to the injury. For example, if the injured person was under the influence of alcohol or drugs when the injury occurred or was improperly using a feature or amenity in your rental home, you may not be wholly financially responsible for your guest’s losses.
Determining vacation property owners’ liability for renters’ injuries is not always easy, and depends largely on the specific facts and circumstances of the injury. But even if you take all reasonable safety precautions, injuries can occur and you could have some liability.
You can limit your financial exposure and liability risk by keeping your property clean, conducting routine maintenance, ensuring appliances, equipment, and amenities are in safe, working order, and promptly conducting repairs when needed. You can also limit your financial losses by securing the right liability coverage for your business.
If the unforeseen happens, having the right vacation rental property insurance in place can help protect your investment and protect your vacation rental income. That means you won’t have to worry about expenses related to defending yourself and being personally liable for an injured guest’s medical expenses and other damages, up to the insurance policy’s limits.
In most cases, buying vacation rental insurance is fast and easy. When you work with CBIZ Vacation Rental Insurance our experienced insurance experts will provide guidance based on your specific needs, helping you obtain the coverage you need. To learn more and to get started insuring a vacation rental property, request a free consultation online today, or call us at 888.883.5696.