Insurance for Short Term Rentals: What hosts need to know with Safely CEO Andrew Bate

Don't forget to subscribe!  This week’s topic is a crucial one - Insurance!  We talk about what can you do to de-risk  wild parties or damage to your property. Steps you should take before having guests over and steps you can take to aid in getting your guests to behave responsibly. I had the opportunity to be joined by Andrew Bate, the co-founder and CEO of Safely.com, the leading insurtech and guest screening solution for the vacation and short-term rental market. Since its launch in 2015 over $50 billion of homeowner liability has been covered. Before founding Safely.com, Andrew served as a founding advisor to Rented.com and TravelPerk, and co-founded HotelUpgrade to help hoteliers identify and attract high margin business travel through guest perks and upgrades. In 2012, Andrew was named among the 35 Young Travel Leaders by Phocuswright, and won the General Catalyst Innovation Award and runner-up for Best Startup Travel Innovation of the Year at the 2013 Phocuswright Conference. He became a Young Leader Fellow with the National Committee on U.S. – China Relations in 2014. Liability insurance is one of those things that can get overlooked, but having the correct insurance policy in place for your accommodation is a critical aspect of property management, protecting your home from damage, and limiting exposure to guest liability.  Insurance liability can sound boring, tedious, costly but it is a lifesaver! Time spent with today's guest is time well spent indeed! Notes 00:00 Insurance for Short Term Rentals: What hosts need to know with Safely CEO Andrew Bate 00:59 Intro to Andrew and his business 04:25 The Safely.com screening process  08:44 How often do insurance claims actually happen? 11:31 Can you niche into party properties?  15:17 Insurance for 420 friendly houses 17:10 What to do when you have a high-risk guest to minimise risk? 22:37 Creating more ‘friction points’ for higher risk guests 26:50 Do cameras really help decrease risk? 29:16 Why vacation rental insurance is important  32:30 Thank you & please subscribe Contact Info Website: https://safely.com/ LinkedIn: https://www.linkedin.com/company/safely-stay Twitter: https://twitter.com/SafelyStay Facebook: https://www.facebook.com/SafelyStay/ ----  Want to get the best accommodation marketing tips before everyone else? Hit that subscribe button!    This also keeps us going and creating more useful content for free! ACCOMMODATION OWNERS AND MANAGER FREE RESOURCES!   Connect with Bart: https://www.ibooked.online/bart/ The Accommodation show:  https://www.theaccommodationshow.com The Accommodation Owners and Managers Facebook Group: https://bit.ly/2NM3dTl​​​​​​​​​​​​​​​ Join the mailing list with all the accommodation secrets: https://bit.ly/3aKBf3X​​​​​​​​​​​​​​​ Need more direct bookings - reach out to us here: https://www.ibooked.online​​​​​​​​​​​ Disclaimer: Please refer to relevant websites for latest, up to date, information with all facts, figures and terms and conditions. Information as accurate as we could get it at time of publishing. #ibookedonline​​​​​ #bookdirect​​​​​ #airbnb​​