vacation rentals and homeowners insurance

vacation rentals and homeowners insurance -

Back in the old days before the ubiquitous Internet, travelers had little choice in housing. There were hotels, motels, B & B, short term rental holiday cottages, and very popular time shares and that was about it. During the last decade, however, many more options have been added. To mention just two of the greatest contemporary choice, Couchsurfing offers you a chance to stay with like-minded people around the world while Airbnb gives everyone the opportunity to manage their own part-time bed and breakfast. And then there are a growing number of home exchange service where you literally exchange houses with another family for a week or more. These non-traditional holiday options are growing by leaps and bounds and you may even be planning to join one or the other.
Couchsurfing works more like a social network than a rental. Couchsurfers not pay money when on holiday, but they should receive in turn. Airbnb, on the other hand, is much more traditional: the host rents part or all of their home, from a guesthouse in a fully equipped apartment or house for a short period of time. Both services are based on detailed profiles filled by both hosts and guests, listing all musical preferences to pet issues to information about the host city. Both hosts and guests are free to accept or reject any offer as they wish and services recommend reading the profiles carefully and talking with potential customers in advance for all rentals. swap services are more like couchsurfing in that they usually do not have money but rather a simple craft :. you get them home and they get yours
Although there is no shortage of glowing recommendations for all these services are available online, accidents do happen and problems arise. Before you decide to put your home to strangers, you must be sure that you are covered in case of problems. The Insurance Information Institute strongly recommends that you talk with your insurance agent before you rent part of your home, noting that the traditional owners of policies might not cover any damage to paying guests. You may need either an endorsement to the policy of your own or a separate business policy. In either case, make sure that you are covered before you join the rental service so you can travel with a light heart.

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