When you rent out your home, it can be a great way to add another income stream, but it can also be a source of worry. There’s the worry of damages being caused by guests, the cost of repairs, and the possibility of being stuck with a bill that you can’t afford.
Fortunately, Elevate Properties has developed a Property Protection Program that can give you peace of mind by providing you with protection for damages caused by guests, as well as insurance coverage. This program offers comprehensive coverage that is tailored to your property, so you can rest assured that your home is safe and secure. With the Property Protection Program from Elevate Properties, you can relax knowing your property is covered from any damages caused by guests and that you will be compensated if any damages occur.
How does the Property Protection Program work?
The Property Protection Program from Elevate Properties is designed to help keep your property safe and secure. The Property Protection Program is a comprehensive protection plan that covers your property from any damage caused by guests. It will cover the cost of repairs and replacements made to your property due to unintentional damage caused by a guest.
The Property Protection Program from Elevate Properties is tailored to your property, so it is able to provide coverage for a wide range of situations, including damage caused by guests.
Features of the Property Protection Program
The Property Protection Program is a great option for hosts who want to ensure that their property is protected from guest-caused damages. The program has a variety of benefits that you can enjoy, including:
- Can serve as supplement or replacement for traditional security deposits
- Coverage for guests staying up to 30 days (31+ day stay requires second policy)
- Peace of mind knowing that your property is covered by a reliable and reputable insurer should any damages occur.
- The ability to file a claim quickly and easily with Elevate Properties’ online claim filing system.
General Inclusions and Exclusions
The Property Protection Program includes coverage for damages caused by guests, but there are some general inclusions and exclusions that you should be aware of. The program covers damages due to unintentional damage caused by a guest, but it does not cover gross-negligence, normal wear and tear or illegal acts by the guests.
While the Property Protection Program is designed to provide coverage from any damage caused by guests, there are some situations that are excluded from coverage. For example, the program does not cover damage caused by floods or earthquakes, and it does not cover damage caused by negligence or wilful misconduct. The Property Protection Program does provide coverage for damage caused by guests, such as theft, vandalism, weather incidents, and contamination.
Types of Damage Covered
The Property Protection Program covers a wide range of damages caused by guests, including:
- Accidental spills
- Broken furniture
- Damaged carpets
- Damaged appliances
- Water damage
The program covers the cost of repairs and replacements made to the property due to unintentional damage caused by a guest. It is important to note that the program does not cover damages caused by intentional acts, normal wear and tear, or damages caused by a pet.
Tips to Help You Avoid Damage to Your Home
There are a few steps you can take to help ensure that your property is safe and secure while you rent it out. First is lessening or avoiding fragile pieces (such as vases, glass dining tables, mirrors and art pieces) in your home. Second tip is making sure you buy durable furniture. Your living room and dining pieces should be made from durable materials such as hardwood and steel. Third is screening guests and making sure they understand the terms and conditions when staying in a rental home.
List your home with Elevate Properties
The Property Protection Program is a great option for homeowners who want to ensure that their property is protected from guest-caused damages. With the program, you can enjoy peace of mind knowing that your property is covered by a reliable and reputable insurer should any damages occur.
If you’re looking for a way to protect your home from guest-caused damages, then the Property Protection Program from Elevate Properties is the perfect solution. List your home with Elevate Properties today and start enjoying the benefits of the Property Protection Program.