Bed Bug Insurance

Landlords can and should acquire bed bug insurance due to the ever present threat of these parasites particularly in densely crowded housing units.

Bed bug insurance.

Bed bugs termites and other pests are excluded from homeowners insurance policies because they are seen as a preventable hazard. Because a bed bug infestation occurs over time it s not considered a direct or sudden loss. All you have to do is save your receipts. The proper endorsement pays up to one week s worth of lost business income as a result of the bed bug claim.

Not only is this a short term rental industry first but we believe bed bug insurance coverage is an insurance industry first. Your renters policy doesn t cover standard maintenance. Please note the combined maximum coverage limit of extermination cost and lost business income is 15 000. Bed bug insurance allows the property manager to simply turn the problem over to their insurer.

Renter s insurance like home and condo insurance covers sudden and accidental damages caused by insured perils. Bed bug infestations are considered a matter of home upkeep whereas fire damage or lightning strikes are not. Unfortunately the vast majority of renters insurance companies do not cover bed bugs. Here is what you need to know about bed bugs your insurance and what s covered or not.

A landlord or homeowner should routinely inspect for pests and put the proper control procedures in place. Although a bed bug infestation may feel like sudden and accidental damage it is not covered by renter s insurance or by other home insurance. Bed bugs are often listed under policy exclusions on renters or landlord insurance. If you have a situation where you discover you have bed bugs you might wonder if your renter s insurance covers bed bug infestation.

That s because in most cases renters insurance only covers loss when it s a direct physical loss. The policy will help with extermination and cover any displacement costs that arise from moving the tenant. Get an instant renters insurance quote. Fudge insurance offers an affordable bed bug insurance program at 2 per night which the landlord can incorporate into rental fees.

Much like taking care of repairs covered under a home insurance policy for a small amount each month a property manager can set aside the worry of dealing with this costly problem should it arise. This is partially because they are preventable. Bed bugs are almost always listed as an exclusion in both all risk or named peril policies.