Vacation rental operators shouldn't need a homeowners policy, a landlord endorsement, and a commercial rider to cover one property. Velaris combines all three into a single commercial program — with endorsements for the risks that actually keep you up at night.
Your properties don't fit neatly into homeowner, landlord, or standard commercial categories. That's the problem — and why claims get denied.
The moment you accept payment from a guest, your homeowners carrier can deny the claim. Vacation rentals are commercial operations in the eyes of every major insurer.
Landlord forms are underwritten for 12-month leases — not weekly turnovers with new guests, higher wear-and-tear, and different liability profiles.
When you combine a homeowners policy, a landlord endorsement, and a commercial rider, you get conflicting terms, coverage disputes, and premium waste. One purpose-built program eliminates all three.
Each property in your portfolio gets the same comprehensive coverage — property, liability, guest damage, and business income — under one set of terms.
Property, liability, guest damage, business income, and specialty endorsements — all under one program with one renewal date and one claims process.
Add or remove properties at any time. Velaris syncs with 80+ property management systems so your coverage always matches your actual inventory.
Guest-paid damage coverage, homeowner-paid liability, and company-level policies — each priced separately so you can see exactly where the cost sits.
Guest damage claims are reviewed and paid within 2 business days. No waiting 30 days for a platform to decide whether to reimburse you.
Vacation rentals face risks that generic commercial policies weren't designed to cover. These endorsements fill the gaps that matter most to professional operators.
Covers treatment, cleaning, and lost revenue when a bed bug issue takes a property offline. Most standard policies explicitly exclude this.
Legal costs and property damage when a guest refuses to leave or an unauthorized occupant takes over. A growing problem in longer-stay vacation rentals.
For properties that provide alcohol as an amenity or operate near event venues. Covers bodily injury and property damage arising from alcohol-related incidents.
Additional liability limits above your primary policy for operators with high-value properties or large portfolios where a single catastrophic event could exceed base limits.
A homeowners policy covers your primary residence and excludes commercial activity. Vacation rental insurance is a commercial policy designed for properties rented to transient guests. It covers risks that homeowners policies don't — like guest damage, business income loss, and the higher liability exposure that comes with hosting strangers in your property.
Yes. Velaris is designed for multi-property operators. Your entire portfolio — whether it's 10 properties or 500 — goes under one program with consistent terms, a single renewal, and one claims process. Properties can be added or removed at any time through your PMS integration.
Standard commercial policies typically exclude bed bugs. Velaris offers a bed bug remediation endorsement that covers treatment costs, deep cleaning, guest relocation, and the lost revenue while your property is being treated. It's one of the most requested add-ons for vacation rental operators.
Most policies either exclude guest damage or cap it at $5,000-$10,000. Velaris covers guest-caused damage with no sub-limit — including intentional damage, pet damage, and smoke remediation. Claims are processed in 2 business days, and the cost is built into a per-night fee paid by the guest.
Homeowners can upload their existing policy to opt out of Velaris liability coverage, as long as their policy meets your program's minimum requirements. Velaris monitors third-party policies for compliance so you don't have to chase owners for updated declarations pages.
Requirements vary by jurisdiction. Many cities and counties require proof of commercial insurance as a condition for a short-term rental permit. Some HOAs and condo associations mandate minimum liability limits. Even where it's not legally required, lenders and property owners increasingly expect it as part of professional management agreements.
One program. One renewal. One claims process. Talk to us about what that looks like for your portfolio.
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