I’m planning on doing an AirBnB at my home. What do I need to know?

More and more people are taking advantage of the extra income they can make by doing an AirBnB, VRBO or other rental out of their homes. This is a great way to save money for college, pay off your mortgage, pay for a remodel or just make extra money for your savings. But, before you commit and jump into it, consider the risks associated with being a landlord.

Short-term vacation rental properties such as AirBnB, VRBO, HomeAway and others require special insurance. Regardless of whether it is just a room in your house, a trailer or even a separate house, be sure you match your insurance policy to the risk you’re taking on. Believe it or not, you’re a landlord.

Doesn’t AirBnb or VRBO Provide Insurance?

Yes, they do provide liability and property damage protection for third-party claims when they are booked through the AirBnB website. However, you are only protected up to their liability limits. Like many types of insurance policies, there can be gaps that are created.

Example 1: You become chummy with a previous house guest that booked through AirBnB. You exchange numbers and they text you to book a stay instead of booking through the AirBnB website. During the stay, they’re injured. Because they didn’t book through the website, you’re on the hook for the liability.

Example 2: You use Craigslist to get renters into your short-term rental because there is a big local music festival and it will be easy to rent it out for more money during this time. The renter trashes your property and because of repairs, you can’t rent out the property for months. You lose out on income.

Example 3: An excessively bad bodily injury occurs on your property. The medical bills exceed what the short term vacation rental company provides in insurance coverage. You are stuck with the remaining balance of the medical bills.

It’s common to want to make some extra cash from your short-term vacation rental, but we want it to be a safe endeavor for you. By calling an agent in our office, we can help you eliminate the gaps that exist with insurance that may be provided and get you a policy that is the perfect match for you and your family.

We adopted the Vista View Park in Sparks

Heuer Insurance Agency is proud to support our community. Through the City of Sparks, we have adopted the Vista View Park located at D’Andrea Pkwy. The Heuer team helped with general park clean up in June. In addition to general park clean up, our team will assist in weed control, painting and playground maintenance.

If you are interested in adopting a park, please visit: https://cityofsparks.us/resources/culture-recreation/outdoors/parks-community-facilities/

 

 

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Heuer Insurance Agency’s June Newsletter

Greetings

We have had a lot going on the past few months and have struggled a bit to be consistent with our newsletter. We apologize for that and will strive to do better. Things here at the Agency continue to progress with our focus this year being automation. We are working hard on new ways to bring value to our clients while providing the same outstanding customer service you are accustomed to. Most of the changes will be ones you don’t see but on the back end will provide us with a more efficient way to service your accounts. We recognize that time is valuable and we want your interactions with our office to be as quick and efficient as possible. There will be more on this later. 

 

Industry 101

Wow it’s hot and dry out now… what a drastic change from the past few weeks. With all that rain we are sure to have an active fire season. We’ve talked in the past about defensible space between your house and flammable bushes, trees, or weeds and how important it is to keep your yard free of this overgrowth. Now is the perfect time to give your property a hard look again. Are you ready in case a wildfire gets too close to your house?   Besides the whole defensible space conversation, here are “Ten Tips for Wildfire Safety” in the event a fire is coming your way.
    1). Turn a light on in each room
    2). Close all windows, doors and fireplace dampers
    3). Remove curtains and flammable materials from windows
    4). Turn off all pilot lights and shut off propane tanks and natural gas
    5). Seal attic and ground vents
    6). Place outside furniture inside
    7). Prop a ladder against the house for easy access to roof
    8). Connect garden hoses to outside taps
    9). Wet the roof and shrubs within 15 feet of all structures
  10). Continually check the roof, attic and yard for embers, smoke and fire for at least 12 hours

In the event of a loss, call us as soon as possible!   And good luck!

 

Anniversary Corner

Rhonda celebrated her 7th year with Heuer Insurance on May 29th. Rhonda is a true professional when it comes to Personal Lines Insurance and we are incredibly lucky to have her on our team. Thank you Rhonda!

 

Employee Spotlight

It’s with great pleasure (and some sadness) that after 41 glorious years Debi has decided to retire. Fortunately, she has agreed to transition out slowly and will be working 2 days a week for the foreseeable future. This email would be far too long if I took the time to list out all of the great things Debi has done for the Agency over the years. The Heuer Insurance Agency will be forever grateful for the years of hard work, dedication and loyalty that Debi given us all these years.

Debi – we wish you a long and happy retirement!

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Don’t Settle For Cheap Boat Insurance – 3 Coverages to Consider

With summer upon us, many of you will be getting your boats out or maybe even buying a new one. When it comes to insuring your boat, you don’t want a policy that is the least expensive – you want the right coverage. Boating season is so much fun and being on the water carries a certain risk. When you’re shopping for boat insurance, be sure that your policy includes three specific, and sometimes optional coverages:

  1. On-Water Towing: If you’re out on the water and you boat breaks down or runs out of gas, this coverage will cover the cost of: getting you gas, soft un-groundings, towing your boat back into shore, jump starts and more. Don’t go without this coverage. Getting your boat towed on the water can be expensive.
  2. Wreckage Removal: If your boat sinks, and it is required by law to remove it, this coverage pays up to the liability limits of your policy to bring your boat to the surface and remove it from the water.
  3. Fuel Spill Cleanup: If you boat sinks or simply leaks fuel into the water, this coverage pays to clean up the fuel. The amount paid depends on your liability limits on your policy. Be sure you get enough liability insurance.

Owning a boat is a great adventure and the memories built on them are second to none! Give yourself the peace of mind by purchasing a boat insurance policy that not only protects you, but also protects those around you and your passengers. Many optional coverages exist and we can assist you in understanding what each of them means and find the right insurance policy for you.