An insurance company raised its limit on its squatter insurance policy.
An insurance company is now offering thousands of dollars to compensate short-term rental owners who have to pay out to deal with squatting issues at their homes.Proper Insurance, which operates across the country, announced that it will offer as part of its squatter insurance policy up to $10,000 of expenses to evict an illegal occupier, including court costs and other fees, for an annual premium of less than $100.
'This is an optional coverage that can be added or removed at the request of a client. All of our quotes are sent with it included and only removed at the request of the insured.'In the event of a squatter, Proper Insurance advises the owner or host to promptly file for an unlawful detainer, initiate the eviction process, maintain comprehensive documentation with the squatter, and contact their insurance provider immediately.' the company said in a statement.
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