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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Apr 24, 2018 Free Renter Insurance Pt. 2

Buy Renter Insurance, Pay $0 additional for overall insurance So – refer to Part #1: Growing up is Expensive! – Can I get Free Renter’s insurance? to remind yourself of Mark’s situation.  It is true, growing up can be expensive, but let’s see what Mark’s insurance broker, Jack B. Wicked has to say about that. “Mark, so as I said, the initial price for insurance for renters is $350, but I have some really good news for you.  By combining your car insurance and your tenants insurance with the same insurance company, I can get you a discount on both.” Not fully understanding, but frustrated with how he is going to get through each month with less money, Mark asks…

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Mar 28, 2018 Free Renter Insurance

Part #1: Growing up is Expensive! – Can I get Free Renter’s insurance? I know it sounds too good to be true! Here’s the bad news ─ it is technically not true. We cannot give you tenant insurance (also know as Renter Insurance) for $0, however the good news is that in practical terms, you can protect your possessions with renter insurance for no addition insurance dollars. Let me explain by way of example. Mark lives in Toronto. I know many Marks but this one is hypothetical… let’s call him Mark B. Smartypants. Mark is 24 years old, recently started working downtown Toronto for an investment bank. He feels all grown up having graduated University and having a steady income. He has been…

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