The Importance of Choosing Good Insurance for Your Vacation Property

With over 17 years' experience in the insurance market, Bruno Ciarlini, partner and director of Nova Natal Corretora de Seguros, has closely followed the transformations and adjustments in the property risk sector. In the real estate sector, the advent of new technologies has brought new challenges for insurers, clients and partners alike. One of the fastest-growing segments in recent years has been vacation rentals, which provide an excellent opportunity for property owners to earn extra income. However, it also brings with it specific risks that need to be managed carefully. Home Insurance has therefore become a key and fundamental tool for managing the risks of these properties.

Fire protection:

One of the main mishaps that can happen to any property is fire, no wonder it is called basic cover. In seasonal rentals, where there is a constant turnover of tenants, the likelihood of incidents and the increase in risk are fundamental points to take into account when taking out home insurance, which is why you should always take into account whether specific damage caused by fire is included, ensuring that the owner does not suffer financial losses should this occur.

Protection against electrical damage:

Electrical damage is common and can be caused by variations in voltage, overloads, short circuits or power surges. With a suitable insurance policy, this damage is covered, giving you peace of mind that your electronic equipment will be insured.

Protection against flooding, water damage and burst tanks and pipes:

Flooding and water damage are other major problems that can affect properties. Old pipes, leaks and bad weather can cause significant damage. In areas prone to heavy rainfall or flooding, the situation is even worse. Home insurance covers these events, allowing the homeowner to carry out the necessary repairs without compromising their financial stability. There is also cover in the event of a ruptured tank or pipe, and this cover also makes it possible to repair possible damage to third parties.

Here are some of the possible coverages that we consider extremely important if you are thinking of starting to rent out your accommodation. It's worth noting that home insurance packages offer a wide range of assistance, including plumbing, electrician, locksmith, glazier and other services, depending on the policyholder's choice. Home insurance for vacation rentals, like all types of insurance, is not just a matter of financial protection, but also the peace of mind of knowing that your assets will be protected, giving you the confidence and strength to increase your investments and possible future earnings. Omar do Rio is Nova Natal's preferred partner, and now accounts for more than 50% of its portfolio, which is looked after with excellence and professionalism. Did you know that if you are already an Omar do Rio partner, or are thinking of becoming one, you can get an exclusive discount with us? Get in touch via our website to continue taking even better care of your most precious asset!

So, shall we go together?

By Bruno Ciarlini, Partner and Director of Nova Natal Corretora de Seguros.

http://www.novanatalseguros.com.br