Home-sharing continues to grow in popularity as owners use theirhomes for income generation, and travelers look for uniqueexperiences.

If fact, experts are predicting vacation home rentals willincrease 25% this year — up from a 19% jump last year – and it’sexpected this growth trend will continue for some time. Althoughthis relatively new sector has the potential to be an importantline of business for many insurers, key to its success will beeducating homeowners about theirpolicies and the various exclusions that could jeopardizetheir protection in the event of damage or injury.

There’s been a general sense that most owners don’t really knowwhether their home-sharing activities are covered by their currenthome insurance if something goes wrong during a rental, and arecent survey by global risk solutions provider Assurant providesspecific evidence that this is certainly the case.

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