HomeAway is a popular peer-to-peer short-term rental platform that focuses on unique vacation homes. Its inventory includes condos/houses, cabins, chalets, townhouses, studios, villas, and even yachts, boathouses, barn houses, castles, and mills. The platform is available in 190 countries with millions of travels looking for unique accommodations.
When you decide to host a vacation rental with HomeAway, the platform offers you a 1 million dollar HomeAway insurance policy. This liability protection is for all rental agreements booked through the site in order to protect owners and property managers when claims are brought against them. The site states that if a tenant is accidentally injured while at your property, this protection may provide coverage. It may provide coverage if a tenant damages a third party’s (a neighbor’s) property. And it may provide protection for unexpected challenges at your vacation rental.
But if you look a little closer, it is easy to recognize that there are a lot of conditions, limitations, and exclusions which could leave you and your property vulnerable. What good is liability protection if it does not give you coverage when you need it? HomeAway recognizes Proper Insurance as being the most comprehensive short-term rental insurance.