Short-Term Rental Insurance in Kansas
Short-Term Rental Insurance in Kansas
Why you need short-term rental insurance in Kansas
Kansas is a landlord-friendly state that has less bureaucracy than other states–such as no rent control. The median house price is on the lower end in the United States at $175,500. Despite these favorable conditions, Kansas gets plenty of natural disasters that can damage rental properties. Here are some storms that damage houses in Kansas every year:
- Severe storms– Kansas gets 50 thunderstorms per year that usually include large hailstones that can destroy roofs
- Floods– Kansas is located in the “great plains,” and the level ground makes flooding a severe threat.
- Tornadoes– Kansas is in the “tornado alley” and has 88 and 96 tornadoes each year.
Who is short-term rental insurance for?
Short-term rental insurance protects your investments when they are rented as a vacation rental, AirBnB, VRBO, etc. Short-term rental insurance covers rental periods as short as one night. This insurance offers coverages for:
Short-Term rental insurance coverages in Kansas
Your insurance policy can cover a wide range of risks, or you can choose a limited set of coverages for a lower premium.
Fire
Because of modern safety codes, fires have become rarer, but the fires that do start tend to cause total destruction of the property.
Water
Broken pipes and appliance leaks are the most common and overall the most expensive property damage for rental properties.
Windstorm, hail, & lightning
Roof damage from storms has become increasingly common as the intensity and frequency of storms have increased over the last two decades.
Lawsuits
Liability protection covers the cost of defending you and settling claims from tenants and their guests for injuries sustained on your property.
Riot and civil commotion
When violent protests break out, riot coverage can pay to fix property damage caused by looters and protestors.
Vandalism & theft
Malicious mischief coverage, as it’s known, covers repairs to broken glass, graffiti removal, and replacement of stolen or damaged property like shared washing machines.
Injury
Injury protection can keep you from getting stuck with the cost of medical bills if a tenant or visitor gets injured on the property.
Bonus coverages
Many policies also include coverage for a long list of other perils such as riots or civil commotion, explosions, volcanic eruptions, and damage caused by vehicles.
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