Assurant has partnered with Vacasa, a U.S. vacation rental management company, to provide liability coverage and property insurance for Vacasa’s homeowners.
Assurant’s short-term accommodations protection program will be available to the more than 4,600 U.S. homeowners in the Vacasa network, offering up to $1 million in liability coverage and up to $10,000 in contents coverage. Cost of the use-based coverage is built into the rental transaction, to provide protection as needed with each rental.
Vacasa founder and CEO Eric Breon said the partnership with Assurant bridges an important gap, as many home insurance policies don’t cover rental use.
Vacasa is the second-largest U.S. technology-enabled full-service vacation rental company. Leveraging proprietary technology. Founded in 2009 and based in Portland, Ore., Vacasa manages a growing portfolio of more than 5,100 vacation homes in the U.S., Europe, and Central and South America.
Topics USA
Was this article valuable?
Here are more articles you may enjoy.
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
Wall Street Banks Try Out Anthropic’s Mythos 
Convicted Insurance Mogul Lindberg Should Pay $1.6B Restitution to Companies 
Lululemon Slips as Texas Announces Probe of ‘Forever Chemicals’ 
