Just ask our long-time customer Dr. Michael O'Donnell ... in this Destin Log article, he says his Emerald Waters Village vacation rental home "stays booked from March till November and despite the down economy he enjoyed his busiest year ever in 2011."
Do you own a Florida vacation rental home? Are you thinking about taking the vacation rental approach? Dr. O'Donnell said "it has actually worked out really well for us."
If you are getting ready to purchase a Florida vacation rental home, you generally need to purchase a dwelling-fire insurance policy instead of a homeowners policy. A dwelling-fire policy is written on homes that are rented out to other people, as opposed to a homeowners policy, which is written on owner-occupied homes.
Depending on the location of your vacation rental home and the distance from tidal water, you may need a separate windstorm policy and possibly a separate flood insurance policy. If you have an umbrella policy, you will need to ensure your vacation rental home insurance satisfies the liability requirements on your umbrella policy.