HomeAway Presents First-of-its-Kind Insurance Product Tailored for Vacation Rental Properties
AUSTIN, Texas, July 24, 2012 — HomeAway, Inc. (NASDAQ: AWAY), the world’s largest online marketplace for vacation rentals, now offers HomeAway Assure™, a CBIZ Insurance Program, the first insurance product tailored specifically for vacation rental properties featuring an online calculator that delivers a quote within five minutes.
Provided in partnership with CBIZ Insurance Services, Inc. (NYSE: CBZ), HomeAway Assure enables any U.S. vacation home owner, not just HomeAway® customers, to insure their property with a policy designed to cover the risks specific to vacation rentals not included in many second home insurance policies:
"It is a common misconception among owners that their vacation rental homes are adequately covered by traditional second home insurance policies,” says CBIZ Insurance Services Senior Vice President Scott Wolf. “Where other second home policies fall short, HomeAway Assure will prove greatly impactful in the protection of vacation rental owners who can now receive comprehensive coverage for their homes.”
“Vacation rental owners have such a strong, personal connection with their homes,” says Brian Sharples, chief executive officer of HomeAway. “It’s important for us to offer an insurance product that helps protect our customers’ properties and preserve the vacation experience they share with their guests.”
About CBIZ, Inc.
CBIZ, Inc. provides professional business services that help clients better manage their finances and employees. CBIZ provides its clients with financial services including accounting, tax and consulting, internal audit, merger and acquisition advisory and valuation services. Employee services include employee benefits consulting, property and casualty insurance, retirement plan consulting, payroll, life insurance, HR consulting, and executive recruitment. CBIZ also provides outsourced technology staffing and support services, healthcare consulting, and medical practice management. As one of the largest benefits specialists and one of the largest accounting, valuation, and medical practice management companies in the United States, the Company’s services are provided through more than 130 Company offices in 37 states.
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