In order to rent out my RV and also my travel trailer to someone for Burning Man, the company,, along with many other companies I've found online, require that the renter obtain an extention of the car insurance, or a binder, before they can rent from a private owner, such as myself. Contact our office to discuss your options for homeowners and renters’ insurance.I'm trying to determine how hard it is for a renter to get an insurance binder from their auto insurance company. Our insurance team represents markets that will rate for short-term rental. Failing to do so could result in an uncovered loss. Our team recommends that you always disclose when there is short-term rental exposure. These are all factors that the insurance carriers use in calculating the reconstruction/dwelling coverage.Īs with auto, the home market has seen several changes in recent years, such as Airbnb or HomeAway short-term rentals. Next, we evaluate the county data such as year built, foundation type, number of stories etc., then gather more specifics such as types of finishes within the home, like types of flooring and countertops. We are able to discuss the home in detail to help you calculate an appropriate ‘reconstruction’ value. Mountain Lakes is dedicated to walking with you step by step through the process of getting a homeowner’s insurance policy for your home. Medical Expense– specific limit should a guest be injured on your propertyĮxceptional Experience in Homeowner’s and Renter’s Insurance.Liability– coverage if someone is injured or their property is damaged due to your neglect.Loss of Use– allotted for living expenses should you need to reside somewhere other than your home during a repair/rebuild due to a covered loss.Personal Property– coverage for all the belongings inside including: furniture, clothing, appliances etc.Other Structures– coverage to any additional structures on the property that are not attached to the dwelling (sheds, detached garage, pool).Dwelling– portion that is covering the structure itself.
Homeowners insurance has several major components, including: Mountain Lakes represents several carriers that can customize a policy to meet your property needs.
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