Know You’re Covered

Named Insured: Emet Anceaume

Proposal Date: 02/08/2022
Locations: Premise 1: 6509 Bayshore Blvd , Tampa, FL 33611

Click Here To Purchase Policy

Program: Short-Term Vacation Rental

Proposal: Premier Commercial Package Policy
Underwriters: Lloyd's of London and Concert Insurance Company

Accepted by all major U.S. lenders

Over 50,000 policies written in all 50 states
Exclusively endorsed by Vrbo®

This policy was custom written for the unique risks of short-term vacation rental properties. It provides
unmatched coverage for your building(s), contents, income, and liability; and is designed to replace your current
homeowner’s or landlord policy.

www.proper.insure
(888) 631-6680
Limits of Insurance
Commercial General Liability Coverage Limit
Each Occurrence* $1,000,000
General Aggregate* $2,000,000
Personal & Advertising Injury with Invasion of Privacy $1,000,000
Liquor Liability $1,000,000
Animal/Pet Liability $1,000,000
Communicable Disease $1,000,000
Assault & Battery with Sexual Molestation $1,000,000
Amenities On & Off Premises (Hot Tubs, Pools, Docks, Bicycles, Kayaks, etc.) $1,000,000
*Higher Liability Limits Available

Included Policy Coverage Enhancements Limit

Backup of Sewers & Drains $25,000
Collapse Including Sinkhole, Weight of Ice, Snow, People Included
Debris Removal Included
Unscheduled Structures $10,000

Optional Policy Coverage Enhancements Limit

Ordinance or Law - Undamaged Portion of Building Building(s) Limit
Ordinance or Law - Increased Cost of Construction $50,000
Bed Bug Extermination & Business Revenue - No Deductible $15,000
Squatters & Eviction Expenses Plus Business Revenue - No Deductible $15,000

Business Income Coverage Limit

Total for all Locations $10,000
Time Limitation Unlimited
Actual Loss of Net Revenue Included

Deductibles (other deductible options may be available) Deductible

Property Deductible $1,000
Liability Deductible $0
Wind Deductible 5% of Building, Contents and Business Income, subject to a minimum of $25,000

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Premise: 1
Building: 1
Name: House
Building & Contents Coverage: Limit
Building $300,000
Contents $30,000
Special Form 'All-Risk' Cause of Loss (Building & Contents) Included
Replacement Cost Valuation (Building & Contents) Included

Included Coverage Enhancements: Limit

Building Damage Caused by A Guest* $300,000
Contents Damage Caused by A Guest* $30,000
Theft - Including by A Guest $30,000
Water Damage $300,000
Vacant or Unoccupied $300,000

*Damage by Guest Includes Accidental, Intentional or Malicious Damage

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Annual Premium Outline
Building & Contents Coverage Which Includes Enhancements Premium
Building(s) $5,168
Contents $517
Optional Coverage Enhancements Premium

Ordinance or Law (Undamaged Portion of Building) $75

Bed Bug Extermination & Business Revenue $50
Squatters & Eviction Expenses Plus Business Revenue $50
Business Income Premium
Total for all Locations $173
Commercial General Liability Premium
$1,000,000/$2,000,000 $440

Summary Premium
Premium Total $6,473.00
Taxes & Fees $432.65
Policy Total $6,905.65

Policy Total Excluding Wind** $2,278.30

**When Wind is excluded, there is no coverage for damage to building, contents,
business income or loss assessment from hurricanes, tropical storms, tornados
or other wind events.

Payment Options

Click Here To Purchase Policy

When you complete the request to bind coverage, you will be asked to select what type of payment option you
prefer. We offer escrow bill, pay in full, credit card, and finance.

Escrow Bill: We bill your escrow, and are accepted by all major U.S. lenders.
Pay In Full: You provide your bank information for ACH, or mail a check.
Credit Card: You provide your credit card information.
Finance: You provide your bank information for monthly ACH.

11 payments, 1st payment of $780.57, and remain 10 payments of $661.51.

The finance charge is already included in the installment payment amounts above. Amounts could
be slightly different depending on state laws or recent changes in the prime interest rate.

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Building & Contents Definitions
Coverage
We will pay for direct physical loss of or damage to covered property at the premises described in the
declarations caused by or resulting from any covered cause of loss.
Covered Property
Building coverage is limited to the buildings described in the declarations. Contents is defined as business
personal property located in or on the building described in the declarations or in the open within 100 feet of the
described premises; but not while airborne or waterborne.
Limit of Insurance
The most that will be paid by the insurer in the event of a covered loss under this insurance policy.
Damage Caused by A Guest
This policy covers all damage caused by a guest up to the building and contents limits regardless if the damage
was accidental, intentional, or malicious.
Theft Including by A Guest
This policy covers theft up to the building and contents limit regardless whether the theft was committed by a
guest, robbery or burglary.

Water Damage
This policy is only subject to the building limit as the result of water damage. There is no sub-limitation. This
policy does not cover flood, as that is covered via a separate flood policy.
Vacant or Unoccupied
Full policy coverage applies, no added sub-limits or additional exclusions when the property has been deemed
vacant or unoccupied. The policy is only subject to the building and contents limits with regards to coverage.
Loss of Income
A business interruption coverage paid to the insured on an actual revenue loss sustained basis with no time
limit. For example, if a property incurs a covered loss, such as a fire, the insured will be reimbursed for the lost
rental revenue due to the loss, only subject to the limit of insurance.
Replacement Cost Valuation
Defined as the cost to replace the damaged property with materials of like kind and quality, without any
deduction for depreciation. This is the premier insurance cost value form, versus actual cash value, which
considers depreciation.
Special Form ‘All-Risk’ Cause of Loss
Special cause of loss coverage, also known as “all-risk” coverage, is the most comprehensive insurance
coverage form you can purchase. It is “exclusion” based, versus other forms that are “named perils”. In other
words, instead of naming what is covered (ex: fire, lightning, vandalism, etc.) special form covers everything for
direct physical loss, unless it is specifically excluded or limited.

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Property Not Covered
· Evidence of debt, money, notes or securities
· Animals, land, contraband
· Vehicles, aircraft, watercraft and self-propelled machines
· Bridges, roadways, walks, patios or other paved surfaces
· Cost of excavations, grading, backfilling or filling
· Underground pipes, flues or drains
· Retaining walls that are not part of the building
· Trees, shrubs, lawns, plants or crops
· Foundations, bulkheads, pilings, piers, wharves or docks
· Cost to research, replace or restore information stored on paper or electronically

Special Form ‘All-Risk’ Cause of Loss Exclusions

· Ordinance or Law
· Earth Movement
· Government Action
· Nuclear Hazard
· Utility Service
· Water (Flood)
· Volcanic Eruption
· Wear and tear
· Voluntary Parting
· Collapse
· Smog or Pollutants
· War, Military Action or Terrorism
· Artificially generated electrical current
· Delay, loss of use or loss of market
· Settling, cracking, shrinking or expansion
· Smoke, vapor, gas from agricultural smudging or industrial operations
· Nesting, infestation or release of waste products by insects, birds, rodents, or other animals
· Mechanical breakdown, including rupture or bursting caused by centrifugal force
· Dampness, dryness, changes in or extremes of temperature
· Marring or scratching
· Fungus, wet rot, dry rot, and bacteria
· Explosion of steam boilers, steam pipes, steam engines, or steam turbines owned by you
· Continuous or repeated seepage or leakage of water, occurring over a period of 14 days
· Freezing of pipes due to negligence
· Dishonest or criminal acts, including theft by you
· Rain, snow, ice or sleet to contents in the open
· Damage resulting from a communicable disease

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Commercial General Liability Definitions
General Coverage
This is the broadest form of liability insurance coverage a vacation rental can purchase. This policy is issued to
vacation rentals to protect them against liability claims for bodily injury and property damage arising out of
premises, operations, products and completed operations, as well as personal and advertising injury. The
insurance carrier will pay those amounts that the insured arrives legally indebted to pay as damages (so long as
the damages generated by an occurrence in the coverage field, during the policy term and not subject to any
exclusions) because of bodily injury or property damage to which the insurance applies. The insurance also has
the duty and right to defend any suit seeking those damages.

Personal & Advertising Injury with Invasion of Privacy

Under general liability coverage, this is a category of insurable offenses that produce harm, other than bodily
injury, including misappropriation of advertising ideas, copyright infringement, false arrest, detention or
imprisonment, malicious prosecution, wrongful eviction, slander, libel, and invasion of privacy.

Liquor Liability
This policy provides coverage for bodily injury and property damage arising from the selling, serving, or
furnishing of liquor/alcohol. However, there is no such coverage if you are required by law to have a license or
permit to sell, serve, or furnish liquor/alcohol.

Animal/Pet Liability
This policy provides coverage for bodily injury and property damage arising from animals/pets. This coverage is
provided on and off the premises and has no special breed exclusions.

Assault & Battery

This policy provides coverage for bodily injury and property damage as the result of assault and battery. This
coverage is provided on and off the premises. However, there is no coverage for assault and battery committed
by you.

Amenities On & Off Premise (Hot Tubs, Pools, Docks, Bicycles, Kayaks, etc.)
This policy provides coverage for bodily injury and property damage resulting from many popular amenities
provided on and off the premises such as swimming pools, hot tubs, ponds, saunas, docks/piers, exercise
equipment, bicycles, paddle boards, kayaks, small watercraft, fishing, cross country skiing and more.
(Amenities are subject to underwriting and safety guidelines - be sure to discuss your offered amenities with
your account representative.)

Occurrence Limit
The maximum limit of insurance payable for any one event during any given annual policy period.

General Aggregate
The maximum limit of insurance payable during any given annual policy period for all losses.

Exclusions
· War, Terrorism, Pollution, Electronic Data, Data breach, Cyber-attacks, Viruses, Asbestos
· Contractual Liability, Employer’s Liability, Workers Compensation and/or similar laws
· Aircraft, Auto, Watercraft except paddle boats, motorboats < 10HP, and sailboats < 18’
· Expected or intended injury or property damage
· Liquor liability if you are required to have a license or permit to furnish or sell
· Damage to property in your care, custody or control
· Distribution of material in violation of statutes
· Damage or recall to/of your product, your work, or impaired property
· Liability arising from the use of surveillance in unpermitted areas

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Additional Information
Coinsurance Requirements
Property Insurance coinsurance should not be confused with coinsurance as it applies in health insurance.
Coinsurance for property insurance was developed to encourage policy owners to insure for the full value of their
property. If you do not insure for full replacement value, a coinsurance penalty could be enforced by the
insurance carrier at the time of a claim. Below is the coinsurance requirement for this policy, and an example of
how it would apply.

Building Requirement / 80%

Contents Requirement / None
Business Income Requirement / None

Example: You have a building that has a replacement cost value of $1,000,000, but you elect to insure the building
for $600,000. You would be insuring your building at 60% (600,000/1,000,000) of its actual replacement cost. Since
the policy has a coinsurance requirement of 80%, you would be 25% (200,000/800,000) below the required limit of
insurance. In the event of a covered loss your claim would be penalized by 25%. If you had a $10,000 kitchen fire,
you would be paid $7,500, less your deductible.

Note: Coinsurance only applies in the event of a partial loss. In the event of a total loss in the above example,
coinsurance would not apply, and the insured would be paid the $600,000 limit of insurance.

Surplus Lines Insurance

Surplus lines insurance refers to coverage lines that need not be filed with state insurance departments as a
condition of being able to offer coverage. The types of risks typically insured in the surplus lines insurance
markets can usually be categorized as risks with adverse loss experience, unusual risks, and those for which
there is a shortage of capacity within the standard market. This policy is placed with a surplus lines insurance
company. Surplus lines insurance companies are not regulated by state insurance departments; and therefore,
are not qualified for protection by the State Guaranty Fund. This state fund is used primarily to pay insurance
claims of insolvent carriers. It is our recommendation that you never “bank” on the state fund, but rather focus
on the financial strength of the carrier. Our carriers have an A.M. Best rating of A- or better.

Flood Insurance Recommended

Flood, surface water, waves (including tidal wave and tsunami), tides, tidal water, overflow of any body of water,
or spray from any of these, all whether or not driven by wind (including storm surge); mudslide or mudflow;
water under the ground surface pressing on, or flowing or seeping through foundations, walls, floors or paved
surfaces, basements, whether paved or not; or doors, windows or other openings is excluded by the special
cause of loss form. If you need the coverage for this type of water damage you must buy a flood policy.

Earthquake Insurance
Damage from earthquakes, earth movement or mudslides is not covered by this policy. If you need this
coverage you must buy a separate earthquake policy.

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Workers Compensation
Bodily injury to an employee or casual laborer is not covered under commercial general liability. To have
coverage for this the insured would need to purchase a worker’s compensation policy. As a vacation rental
business owner, if you hire someone to complete a job at your property (for example: yard work or house
cleaning) it is essential that you verify their insurance includes workers compensation. If you do not verify
insurance from the worker, showing workers compensation, you could be found liable and this policy would not
respond.
Endorsements - Policy Changes
We do not charge an endorsement/policy change fee of any kind. If the result of the policy change is an
increase or decrease in premium you will be charged or refunded accordingly.
Cancellation
If the named insured cancels the policy prior to the policy period ending, we will refund unused premium on a
pro-rata basis. However, we do reserve the right to withhold an amount equal to 10% of unused premium and
the full policy fee.
Overview Only
The information provided in this proposal is designed to be an overview of the coverages and exclusions
and by no means is a complete list. The proposal does not take the place of the policy. If you want to
review a sample policy before purchasing the insurance, please contact us and one will be sent to you. The
policy is the legal document in which your contract is based. Always refer to your full policy for all
coverages.

Proposal valid 30 days from the Proposal Date

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