Tern Financial
About Tern Financial
**The problem it solves** Vacation rental hosts, property managers, and STR platforms struggle to find insurance that matches the high-turnover, multi-party risk of furnished short-term rentals, since standard property policies routinely exclude commercial hosting activity. **What TERN Financial Group does** TERN Financial Group is a specialty managing general agency and Lloyd's of London coverholder based in Montreal, Canada, focused on the short-term furnished rental and sharing-economy risk sectors. **How it works** TERN underwrites and issues bespoke insurance for vacation rentals, corporate housing, student housing, and peer-to-peer platforms, with coverage spanning property damage, liability, professional indemnity, and event cancellation. Distribution runs through an appointed broker and distributor network, with quote and policy management handled in the MyTERN client portal, and the company maintains regional underwriting entities across Europe, Asia-Pacific, Brazil, Mexico, and the UAE. **Who it's for** Property managers, vacation rental platforms, corporate housing operators, co-living providers, and peer-to-peer accommodation marketplaces seeking specialty risk coverage for short-term furnished tenancy, with particular depth in North America and Europe.
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Frequently Asked Questions
What is Tern Financial?
**The problem it solves** Vacation rental hosts, property managers, and STR platforms struggle to find insurance that matches the high-turnover, multi-party risk of furnished short-term rentals, since standard property policies routinely exclude commercial hosting activity. **What TERN Financial Group does** TERN Financial Group is a specialty managing general agency and Lloyd's of London coverholder based in Montreal, Canada, focused on the short-term furnished rental and sharing-economy risk sectors. **How it works** TERN underwrites and issues bespoke insurance for vacation rentals, corporate housing, student housing, and peer-to-peer platforms, with coverage spanning property damage, liability, professional indemnity, and event cancellation. Distribution runs through an appointed broker and distributor network, with quote and policy management handled in the MyTERN client portal, and the company maintains regional underwriting entities across Europe, Asia-Pacific, Brazil, Mexico, and the UAE. **Who it's for** Property managers, vacation rental platforms, corporate housing operators, co-living providers, and peer-to-peer accommodation marketplaces seeking specialty risk coverage for short-term furnished tenancy, with particular depth in North America and Europe.