RedAwning Protection Program Plus

Introducing the RedAwning Protection Program Plus™, an enhanced solution for vacation rental owners seeking robust protection. This supplemental program offers increased coverage for renter-caused damages, liability claims, and third-party medical expenses, stepping in where standard homeowner’s insurance may fall short. Discover the upgraded features, your responsibilities, and essential details below to ensure your rental property is well-protected.

Program Overview Table

Coverage Type
Details
Limits
Exclusions
Property Protection
Covers renter-caused damage to personal property (contents) and real property (buildings).
$20,000 (contents, min $100, max $7,500/item); $1,000,000 (buildings, $500 deductible)
Land, vehicles, electronic data, wear and tear, war, mold, etc.
Liability Protection
Protects against damages you’re legally liable for, including neighbor/tenant liability.
$1,000,000, including legal defense
Claims under $5,000, intended losses, illness, professional services, vehicles.
Medical Expenses
Covers third-party medical costs from accidents (e.g., first aid, hospital, funeral services).
No specific limit stated
You, employees, unauthorized persons.

Property Protection

The RedAwning Protection Program Plus™ provides repair or replacement cost coverage for physical loss or damage to your personal property (contents) caused by a renter, with a $20,000 limit per stay, a minimum claim of $100, and a maximum of $7,500 per item. For renter-caused damage to real property (buildings), coverage extends up to $1,000,000, subject to a $500 deductible.
What’s Not Covered

Land, water, air, electronic data, animals, motor vehicles, aircraft, watercraft (and their parts/equipment), renter’s property, credit/debit cards, bank notes, securities, firearms, precious metals, and property tied to businesses other than RedAwning vacation rentals. Excluded causes of loss include wear and tear, mechanical/electrical breakdown, war, terrorism, nuclear reaction, radioactive contamination, intentional/expected loss, neglect, criminal acts, government action, seepage, pollution, contamination, pathogenic/biological/chemical materials, and mold.

Liability Protection

This program safeguards you against damages from your RedAwning rental activity for which you’re legally liable to third parties, offering a $1,000,000 limit, including legal defense costs handled by our insurer’s chosen counsel. It includes neighbor and tenant liability coverage, addressing occupant-caused damage that spreads to neighboring or co-tenant properties when you’re legally responsible.
Exclusions
Claims below $5,000, damages you expect or intend, losses from illness/sickness/disease, professional services, or incidents involving aircraft, motor vehicles, or watercraft are not covered.

Medical Expenses

The program covers necessary medical expenses for third parties injured in an accident on your property, including reasonable first aid, medical, surgical, x-ray, dental, ambulance, hospital, professional nursing, prosthetic devices, and funeral services.
Not Covered
Expenses for you, your employees, or unauthorized individuals on the premises.

Your Responsibilities as a Protected Owner

To ensure seamless claims processing, you must:
Promptly report events or circumstances that might lead to a claim (e.g., notices, demands, summonses).
Provide names and addresses of claimants and witnesses.
Cooperate fully in loss or claim investigations.
Notify police in case of theft.
Protect damaged property from further harm.
Document damages, repairs, and expenses with bills, receipts, and photographs.

Important Notices

Overview Only

This is a general summary of the RedAwning Protection Program Plus™. Full terms, coverages, exclusions, and conditions are available to customers upon request.

Supplemental Coverage

The program complements, but does not replace, homeowner’s insurance. It applies where short-term rental activity is excluded from your primary policy and is excess over other valid coverage.

Underwriting

The program is backed by an insurance policy with certain Lloyd’s Underwriters via TERN Financial Group Inc., a Lloyd’s Approved Coverholder.

Consult a Professional

For personalized advice, contact a licensed insurance broker.

Eligibility

You must be the registered homeowner and maintain standard homeowner’s insurance.