Homeowners policies weren't written for short term rentals. Velaris gives property managers a single commercial program that covers property damage, liability, guest damage, and lost revenue — across your entire portfolio.
Most property managers discover the gap after a claim gets denied. Here's why your current policy probably won't respond.
Most homeowners policies exclude commercial activity. The moment you list a property on a booking platform, you're running a business — and your personal policy likely has an exclusion for that.
Landlord insurance covers long-term tenants, not a rotating door of short-stay guests. Guest damage, turnover frequency, and transient liability aren't part of a standard landlord form.
Airbnb's AirCover and Vrbo's liability programs are secondary coverage with narrow triggers. They reimburse — they don't insure. And they don't cover your building, your contents, or your lost revenue.
One commercial program replaces the patchwork of homeowner, landlord, and platform policies you're juggling today.
Short term rental regulations are tightening. Having commercial insurance isn't just smart — in many markets, it's required.
Homeowners insurance is designed for owner-occupied properties. When you rent to paying guests — even occasionally — most carriers consider that commercial activity and exclude it from coverage. Short term rental insurance is a commercial policy written specifically for properties with transient guests, covering risks like guest damage, higher liability exposure, and lost booking revenue that homeowners policies don't address.
Yes. Platform programs like AirCover and Vrbo's liability protection are secondary, meaning they only pay after your own insurance. They also have significant exclusions — they typically don't cover your building, your contents, or business income losses. And they can deny claims at their discretion since they're reimbursement programs, not insurance policies regulated by state departments of insurance.
Velaris is built for portfolios. Whether you manage 5 properties or 500, you can cover your entire portfolio under a single program with consistent terms. No need to buy individual policies for each property or negotiate separate coverage for each homeowner.
Yes. Velaris covers guest-caused damage — including intentional damage, pet damage, smoking damage, and more — with no sub-limit. Most traditional policies either exclude guest damage entirely or cap it at a few thousand dollars. Our program also covers the lost revenue while you're repairing the property.
Your liability coverage responds to bodily injury claims from guests and third parties. This includes medical payments, legal defense, and settlements — up to your policy limit. Velaris offers liability limits from $100,000 to $1,000,000 per occurrence depending on your program.
Yes. Properties can be added or removed at any time. Velaris integrates with 80+ property management systems so your coverage stays in sync with your actual portfolio — no manual updates or waiting for policy endorsements.
Talk to us about a commercial program built for STR property managers — not retrofitted from a homeowners form.
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