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Topic: Vacation Rental Damage Protection Recommended by Rental Guardian
John Amato
Joined: Jan 30, 2009
Topics: 118   Replies: 750
Posted by John Amato on Oct 13, 2014 12:52 PM:    

Vacation Rental Damage Protection

Vacation Rental Damage Protection Recommended by Rental Guardian



Bookerville is pleased to announce that we are we are now offering rental damage protection products via RentalGuardian.com to our vacation rental property manager customers. It's no secret that traditional, refundable security deposits have been slowly setting with the sun, due to their many drawbacks. Damage Protection s/b (the formal industry name for damage protection insurance) - whether mandatory or optional - is quickly becoming the preferred alternative. Let's briefly go over the reasons why:

Damage Protection s/b Benefits



Serves as a lucrative add-on revenue stream for the property manager.

No more collecting and holding extra money, and then having to refund it after the check-out.

Greatly reduces accounting complexities.

No issues with customers "challenging" or "charge-backing" security deposits that are retained for damage.


There are many more advantages than this, but these four represent the most-often cited by property managers looking to escape the burden of refundable security deposits.

Why RentalGuardian.com?



RentalGuardian.com stands out from other vacation Damage Protection s/b providers in several ways:

Automation: RentalGuardian.com offers unparalleled software integration through a modern, real-time API, which Bookerville has integrated with. What does this mean? It means that new policies, whether mandatory or guest-optional, are automatically posted to RentalGuardian.com for you, and the documents are automatically sent to the guest. There is no paperwork for you or the guest to deal with - the software does it for you!

Competitive: RentalGuardian.com's prices and coverage terms offer a value that can't be beat elsewhere.

Confidence: With products like Royal Adventure Damage Protection from ANV at Lloyd's, Virginia Surety Damage Protection from Virginia Surety, and Lexington Premises Damage Coverage from Lexington, both you and your guests can rest assured the policies are first-rate.

Reporting: You can sign-in to your own secure Dashboard to run reports, review documents, and view your tallies.


How Do I Get Started?



If you'd like to poke around at what products RentalGuardian.com offers, you can browse their page here: Accidental Rental Damage Protection.

If you're ready to get started, contact us for details, and we will introduce you to one of RentalGuardian.com's expert account representatives. They can show you what products will best suit your needs, and what options there are for offering these to your guests. That's all you have to do - RentalGuardian.com and Bookerville will take care of the rest and you'll be all set.

Get started today: Rental Guardian and Bookerville

 

   

PACVL
Joined: Dec 26, 2014
Topics: 10   Replies: 19
Posted by PACVL on Feb 10, 2015 06:59 PM:    

I went through the process... they are not interested in you if you are small. I submitted my two units and was refused by their underwriters because I only have two units. You might want to inquire how many units you have to have to use their service.
 

   

John Amato
Joined: Jan 30, 2009
Topics: 118   Replies: 750
Posted by John Amato on Jun 23, 2015 11:48 AM:    

At this time, this product is not yet being offered to managers with fewer than 10 properties. We are hopeful this policy will change in the future. We are sorry for the inconvenience.
 

   

(Optional)
Joined: Sep 3, 2015
Topics: 0   Replies: 1
Posted by (Optional) on Sep 3, 2015 09:56 AM:    

Any plans to incorporate a rental insurance that caters to those of us with a few rentals? Guests are choosing to book with me ok VRBO since we have that option.
 

   

John Amato
Joined: Jan 30, 2009
Topics: 118   Replies: 750
Posted by John Amato on Sep 3, 2015 11:13 AM:    

As I understand it, no they have no plans to accept fewer than 10-property accounts. :-(
 

   

Frank-4916
Joined: Feb 6, 2018
Topics: 0   Replies: 1
Posted by Frank-4916 on Feb 6, 2018 06:21 PM:    

Is there an option in your software to add this as an option for guests if you want to self insure?
 

   

John Amato
Joined: Jan 30, 2009
Topics: 118   Replies: 750
Posted by John Amato on Feb 6, 2018 06:52 PM:    

Frank-4916 - yes, you can easily set up what we call a Guest Option in the Property Setup page. You can make it whatever you like, and priced however you like. You can also make it mandatory if you want to force them to buy it.
 

   

pch
Joined: Jan 2, 2012
Topics: 35   Replies: 95
Posted by pch on Mar 22, 2018 08:00 PM:    

I reached out to Rental Guardian and they currently do take single property owners. How do I integrate this to Bookerville once the agent and I have discussed options?
 

   

pch
Joined: Jan 2, 2012
Topics: 35   Replies: 95
Posted by pch on Mar 22, 2018 08:01 PM:    

Rental Guardian also indicates that they can offer travel insurance. Is that a feature that Bookerville owners use and offer to guests?
 

   

PACVL
Joined: Dec 26, 2014
Topics: 10   Replies: 19
Posted by PACVL on Mar 22, 2018 08:02 PM:    

Interesting. Wonder when that occurred... I would be interested as well.
 

   

pch
Joined: Jan 2, 2012
Topics: 35   Replies: 95
Posted by pch on Mar 22, 2018 08:05 PM:    

LCBR I believe it happened very recently. They are offering in under their Protection Brands branch. It is specifically for owners with 1 to 10 properties.
 

   

John Amato
Joined: Jan 30, 2009
Topics: 118   Replies: 750
Posted by John Amato on Mar 23, 2018 07:50 AM:    

Very good news, and yes Travel Insurance is also something that can be integrated into the Guest Options of Bookerville. We set it up for you once your Rental Guardian account has been established. Let me know when you get the final email, which should have your API key and the relevant product info., and we will set things up for you in Bookerville. Thanks for the heads up!
 

   

PACVL
Joined: Dec 26, 2014
Topics: 10   Replies: 19
Posted by PACVL on Mar 23, 2018 07:55 AM:    

Can you send me a contact person?
 

   

John Amato
Joined: Jan 30, 2009
Topics: 118   Replies: 750
Posted by John Amato on Mar 23, 2018 08:06 AM:    

Hi LCBR - they don't really have a single dedicated contact like that, but the best way to get it started is to submit this (short) form: https://www.bookerville.com/RentalGuardian
 

   

PACVL
Joined: Dec 26, 2014
Topics: 10   Replies: 19
Posted by PACVL on Jun 25, 2018 08:12 PM:    

Broken link John and the other form I was able to locate doesn't let you submit unless you have 10 properties.
 

   

John Amato
Joined: Jan 30, 2009
Topics: 118   Replies: 750
Posted by John Amato on Jun 25, 2018 08:37 PM:    

Yes, and actually there are some other minimums as well, like # of bookings per year, and I think even revenue volume. I wish it weren't so, but it's Rental Guardian's policy.

(And thanks for reporting the broken link...)
 

   

PACVL
Joined: Dec 26, 2014
Topics: 10   Replies: 19
Posted by PACVL on Jun 25, 2018 08:44 PM:    

So they don't have a solution for less than 10? I thought they just recently did a webinar
 

   

PACVL
Joined: Dec 26, 2014
Topics: 10   Replies: 19
Posted by PACVL on Jul 18, 2018 12:26 PM:    

John does their new protection brands use the BV integrations???
 

   

John Amato
Joined: Jan 30, 2009
Topics: 118   Replies: 750
Posted by John Amato on Jul 18, 2018 12:29 PM:    

Hi LCBR - I don't know the answer to the question about how many properties, and what volumes you have to hit for them to cover you, each property manager will have to reach out and ask Rental Guardian. Their new plans should integrate with Bookerville the same way, yes.
 

   





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