04/26/2024
Insurance Fact Friday (new feature!) -
In an effort to educate our valued clients, connections and friends regarding the most recent information in the ever-changing and, at times, volatile Florida insurance market, we are pleased to introduce this new regular feature.
Below is an article that was recently published on Reuters.com:
There goes the neighborhood: What's covered when renting on Airbnb and VRBO?:
https://www.reuters.com/legal/legalindustry/there-goes-neighborhood-whats-covered-when-renting-airbnb-vrbo-2024-04-19/
---> While this trend has emerged as a popular side hustle for property owners, short-term renters could create long-term headaches for them. For those who rent their property on Airbnb and VRBO, they should always refer to their homeowner’s policy, the short-term rental company's policy, and state and local rules when considering how renting on a short-term rental website could affect available coverage.
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Erin Mindoro Ezra, Jamie L. Rice and Madeline E. Ong of Berger Kahn discuss insurance coverage considerations when homeowners arrange short-term rentals of their property.