Safely offers specialized insurance and guest screening for short-term rental property managers. Their policies provide up to $1,000,000 in coverage for property damage, theft, and liability across all booking platforms, complemented by pre-booking risk assessment to protect rental businesses.
Funding
$8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Short-term rental property managers face significant risks from problematic guests, including property damage, theft, and liability issues. Traditional insurance policies often do not adequately cover these specific risks, leaving businesses vulnerable to financial losses and operational disruptions.
Solution
Safely provides specialized insurance and guest screening solutions designed for the short-term rental industry. Their insurance policies offer comprehensive coverage for property damage, theft, and liability, with limits up to $1,000,000, applicable across all booking platforms. This protection is complemented by a robust guest screening process that helps identify potential risks before bookings are confirmed. By integrating these services, Safely enables property managers to mitigate risks, reduce claim frequency, and operate with greater confidence and security. The company facilitates a streamlined claims process with rapid payment processing, aiming to minimize the impact of incidents on rental businesses.
Target Audience
The primary target audience includes professional property managers and owners of short-term vacation rental properties who manage multiple units or a significant portfolio of individual rentals.
Features
- Short-term rental insurance policies offering up to $1,000,000 in coverage for property damage, theft, and liability.
- Cross-platform coverage applicable to bookings made through various channels, including major OTAs and direct booking sites.
- Integrated guest screening services to assess potential renter risk profiles.
- Simplified claims filing process with expedited payment processing, aiming for resolution within three business days.
- Coverage extends to specific perils such as pet damage, intentional acts, theft, and bodily injury liability.
- Designed to protect homes, homeowners, and guests from a range of potential issues arising from short-term stays.
- Facilitates integration with Property Management Systems (PMS) for streamlined operations.