Short-Term Vacation Rental Insurance
So, you’ve decided to enter the exciting world of being a short-term vacation rental property host. That’s great! In all likelihood you’ve chosen to list your property on one of the excellent platforms available in Canada like CanadaStays or Airbnb.
But whether you’re just starting out or you’re already a seasoned host, you probably have some concerns about handing strangers the keys to your home. That’s why it’s so important to have the right short-term vacation rental insurance. Now with Duuo you can protect yourself and your home for just a few dollars a night.
What is short-term Vacation Rental Insurance?
You can think of short-term Vacation Rental Insurance from Duuo like the hot fudge on top of your insurance sundae. You keep your existing home insurance policy, but then Duuo provides coverage for both you and your home for risks related to your short-term rental. So easy!
Duuo is 100% digital and “on-demand”. That means you only pay for the nights you host guests.
Ready to see a quote for your home?
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I really appreciate the extra protection. My guests have been wonderful and have come from as far away as Switzerland. Thank you Duuo for partnering with me!
Faye, British Columbia
I just started using Duuo and have a great first impression. It should help ease my concerns about hosting through Airbnb.
Why do you need short-term Vacation Rental Insurance?
If you think about it, awesome platforms like CanadaStays, Airbnb, and many others just didn’t exist when home insurance policies were designed. Unfortunately, this created gaps in coverage that are now leaving many hosts vulnerable. That’s why Duuo was developed by The Co-operators.
Here are a few reasons why getting short-term Vacation Rental Insurance is so important:
- Many home insurance policies do not cover short-term rental property activity
- To protect yourself and your home, it’s important to have an insurance policy that is under your name specifically
- Proper coverage will protect you from the unique challenges hosts face like damage to appliances and rental income interruption
- Coverage will include up to $2 million dollars in liability protection
- Replacement cost for the value of your home up to $1.5 million
Duuo covers your home, contents, and any additional buildings on your property for replacement cost. Additional expenses for other living arrangements during repairs of an insured loss are also covered. The standard property deductible is $1,000, but many coverages are deductible-free.
Should a claim be made against you for bodily injury or property damage occurring during a rental, we’ve got you covered. We pay for any damages awarded against you, up to $2,000,000.