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Digital platforms such as Airbnb and Vrbo make it simple to rent out properties but there are some key questions owners must ask to make sure they have sufficient insurance. (Photo: Daniel Krason/Shutterstock.com) Digital platforms such as Airbnb and Vrbo make it simple to rent out properties, but there are some key questions owners must ask to make sure they have sufficient insurance. (Photo: Daniel Krason/Shutterstock.com)

As the world springs back to life post-pandemic, the vacation and secondary home markets are surging and shifting. Vacationers, still bound by international travel restrictions, are looking to holiday nearer to home now they can travel more freely and safely in the USA. Also, the “work-cation” is gaining momentum as semi or permanently remote workers look to take advantage of the flexibility of working from anywhere. As a result, they are either looking to buy second homes of their own or stay in short-term rental accommodation for longer periods of time.

So whether homeowners want to capitalize on a resurgent vacation market by renting out their primary residence or wish to recoup some of their investment in their own vacation homes through short-term rentals, the insurance implications can be complex. Independent agents need to work closely with their clients to make sure the recommended coverage accounts fully for how properties are being used and by whom.

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