The Protection Brands Damage Protection Program is designed to be an easy way for smaller lodging providers or rental guests to purchase a policy to protect against accidental guest damage during a vacation stay. The policy supplements or eliminates the need for damage deposits and protects both the guest and lodging provider when accidents happen by moving the risk to the underwriter for a fraction of the cost of what the out-of-pocket cost might be.
Coverage is available in two coverage limits; $1,500 or $3,000 and is underwritten by TERN Financial, a Lloyds of London cover-holder and administered by RentalGuardian.com.
Guest purchases are made online at www.damageprotection.insure without the need to speak with an agent. Coverage must be purchased prior to the start of the stay. Lodging Providers are encouraged to become a registered partner for which they will receive benefits for reoccurring purchases.
Claims are handled online and include the need to upload photos of the damage and receipts for repair or replacement. Reimbursement is typically within 30 days of a completed claim and payment is 100% of the costs as there is no deductible.
Note: Property Managers with ten or more properties under management may be able to automatically put damage coverage in place directly through their software platform. Please contact us at 877 248-1275 x100 for information.
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