If you are nodding your head and this sounds like you, that’s great because we are going to answer all your questions below…
Here are just a few ways Estate Weddings and Events protects you and your home:
Renting your home to strangers can be a scary thing. What if something breaks? What if they spill on my brand new couch? What if someone gets injured? These are just a few of the many concerns we hear from homeowners and of course you have every right to be concerned. After all, it is your home.
Estate Weddings and Events takes many precautions to protect your home and protect you from all the potential risk that is out there. Here are a few of the important ways EWE protects you.
Insurance Coverage –
Every client that rents your home is required to obtain special events insurance with a 2,000,000 general liability coverage. We also require them to name you as additionally insured. We verify every policy to make sure they are within good standing before anyone is even allowed to step foot on your property.
We also require the renters to not only provide coverage for the policyholder, but to insure that their guests are covered under that policy. For instance, many insurance companies will only cover the policyholder. So if the bride slips and falls and breaks her leg you’re covered but if uncle Bob slips and falls you are not covered. We insure that the proper policies and systems are in place so you are completely covered and do not have to worry about a thing.
Vendor Coverage –
Not only is the client required to obtain coverage, but every vendor that works on your property (caterer, rental company, dj, photographer, etc) must all carry the same 2,000,000 general liability coverage listing you as an additionally insured. So if the caterer spills a gallon of oil on your brand new paving stones, their insurance will cover the cost to replace the stones damaged.
Vendor Policies & Procedures –
It’s important to make sure you are covered and will be compensated for damages but why not avoid these things from happening in the first place?
Estate Weddings and Events will work with you and create a list of rules, policies and systems that every vendor must sign before working on your property. Although the renter is responsible for any damages, if the vendors sign a list of rules and are aware of what they can and can’t do from the beginning, we avoid many potential damages from ever occurring. It will also help to assure a smooth execution because everyone will know in advance what the expectations are.
Security Deposits –
Estate Weddings and Events will hold a refundable damage deposit on your behalf which will cover any minor damages. Typically the deposit is 50% of the location fee or a minimum of $2500. Any damages that exceed the insurance deductible, which is covered by the security deposit, will be covered by the insurance. Estate Weddings and Events also work directly with the insurance provider to mitigate the damages so you don’t have to.
Limiting access to the property –
If you are considering listing your home with Estate Weddings and Events, a representative will come out and inspect your home. We will walkthrough the property with you and make suggestions on what should and should not be available to guests. We encourage installing locks on closets or bedrooms that are unavailable to guests. We also stanchion off hallways and other areas that are not accessible to guests. Limiting access will limit liability.
Pre-Event & Post-Event Walk-through –
Before and after every event, an Estate Weddings and Events’ representative will conduct a walkthrough of the entire property and document any pre-existing damages by taking photographs and video. Following the event we will conduct another walkthrough and document any new damages that are the responsibility of the renter. With photo and written documentation we are able to flesh out any concerns or unknowns and if the renter is or is not responsible for something found after the event.
Cleaning Fees –
Estate Weddings and Events will provide a professional cleaning crew after every event. It is the owners responsibility to have the home clean and tidy before each event but EWE will make sure the interior and exterior are cleaned and the home is returned to its original condition.
These are just a few of the ways EWE’s team protects your home. There are many other systems we have in place to insure that your home remains safe and secure throughout the entire rental process. If you would like to learn more, please give us a call, send us an email or leave a comment below and we will be happy to answer all your questions.
About the Author
Jamie is the Co-Founder and President of Estate Weddings and Events. Jamie and EWE have been featured in The New York Times, The Baltimore Sun, Grace Ormonde, Style Me Pretty, WE TV, Premier Homes, and many other publications. When Jamie is not managing Luxury Events at EWE, you can find her traveling the world. Her favorite destinations visited are Laos and the Maldives.You can follow her on Google+ here.