Assurant Partners with Vacasa to Provide Protection for Vacation Rental Owners

Assurant, a global provider of risk management solutions, announces its partnership with Vacasa, the second largest U.S. vacation rental management company, providing liability coverage and property insurance for Vacasa’s homeowners.

Assurant’s short-term accommodations protection program will be available to the more than 4,600 U.S. homeowners in the Vacasa network, offering up to $1 million in liability coverage and up to $10,000 in contents coverage. Cost of the use-based coverage is built into the rental transaction, to provide protection as needed with each rental.

Assurant’s partnership with Vacasa comes as the company expands its risk management expertise into the sharing economy.

“At Assurant, we’re focused on risk management across the housing spectrum, and this is a great example of bringing that expertise to a leader in the fast-growing vacation rental market,” said Kunal Malhotra, vice president, Innovation, for Global Specialty, a business unit of Assurant.

“At Vacasa, we manage vacation rentals in some of the most desirable destinations across the U.S., Europe, Central and South America,” said Vacasa founder and CEO Eric Breon. “Our partnership with Assurant bridges an important gap, as many home insurance policies don’t cover rental use.  With Assurant, our homeowners are protected, and can enjoy peace of mind while guests enjoy their houses.”

The Vacasa partnership is the latest in a series of technology-based innovations in risk management from Assurant, which also safeguards millions of electronics owners, car- and home-sharing clients, and small package shippers.