Nick's Airbnb Nightmare story
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English - May 04, 2024 01:20 - 36 minutes - 33.7 MB - ★★★★★ - 174 ratingsInvesting Business short-term rentals vacation rentals real estate investing business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Nick Libertin shares his experience of his short-term rental property burning down and the challenges he faced with insurance coverage. He emphasizes the importance of having the right insurance coverage and understanding the policy details. Nick also discusses the emotional and financial impact of the incident and offers advice for hosts to protect themselves.
Takeaways
Ensure you have the right short-term rental insurance coverage with a business protection rider
Review your insurance policy to understand the coverage and any caps or limitations
Consider additional coverage for loss of business revenue and excavation fees
Be prepared for the emotional and financial impact of a property loss
Maintain good documentation and evidence in case of a claim
Communicate with your mortgage company to discuss payment options during the rebuilding process
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