FAVR members Accidental Damage Waiver
Why use the damage waiver program?
FAVR and Fudge Insurance have partnered up to provide a comprehensive accidental damage waiver solution to all active members of the association. As a member of FAVR you don’t have to qualify to take advantage of the ADW program. Just click the link to sign up. There is no cost to you.
Program overview
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Fast sign-up
No cumbersome setup processes needed. Sign up today and get covered within days.
Product simplicity
Don’t pay for what you don’t need. A simple solution that covers just what you need.
Flexible coverage options
Limits of $1,500, $3,000 or $5,000 available to suit your clients’ needs.
Easy claims process
Report damage within 3 days of the rental period using our automated claim form.
Eliminate security deposits
Sign up for our damage waiver and ‘wave’ goodbye to security deposits forever!
$0 deductible
Covered incidents are paid out from the first dollar.
Fewer disputes
Eliminate tenant disputes over security deposit deductions. Fewer unhappy customers and one star reviews.
Lower up-front booking costs
Leads to more bookings since tenants don’t have to shell out for hefty refundable deposits.
Program details
Sign up & choose the appropriate coverage amount for your units and charge the corresponding cost at booking. One charge per booking up to a 90 day stay.
Coverage
$1,550
$3,000
$5,000
Premium
$13.50
$27.00
$40.00
- If guest causes damage use our web form to submit your claim within three days of guest checkout
- Covered claims are reimbursed to you (up to your coverage amount) within two weeks by ACH
- At the beginning of every month you will submit your stay report and payment for the previous month