Educating homeowners about home-sharing insurance coverage

A new survey from Assurant shows that homeowners need help from the insurance industry in understanding coverage before they decide to share their home with strangers.

By Kunal Malhotra | Updated on July 24, 2017

Home-sharing continues to grow in popularity as owners use their homes for income generation, and travelers look for unique experiences.

If fact, experts are predicting vacation home rentals will increase 25% this year — up from a 19% jump last year – and it’s expected this growth trend will continue for some time. Although this relatively new sector has the potential to be an important line of business for many insurers, key to its success will be educating homeowners about their policies and the various exclusions that could jeopardize their protection in the event of damage or injury.

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