Oct 7, 2020 Home insurance for short-term rentals

In today’s sharing economy, peer-to-peer rentals are making their name as cheaper (and trendier) alternatives to traditional hotels. But if you’re considering entering the short-term rental market as a homeowner, there are a few things you should know. Do you have to tell your home insurance company when you’re renting out your home? Yes. Any time your situation changes, it’s important to talk to your licensed home insurance broker to make sure you have the right coverage to protect you in an emergency. Here are three examples of home-sharing situations your broker and insurer need to know about, no matter what: 1. You’re listing your home on a home-sharing website or app. You’ve heard that listing your apartment (or even just your…

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