Have you joined in on the home-sharing experience? Many are choosing to rent their homes for extra income. Travelers like the other-than-another-hotel experience.
Experts are predicting home-sharing will increase from last year’s 19% to 25% this year. Though an easy way to receive revenue, it’s important to know what additional insurance coverage you will need if you choose to pursue this new trend. Global risk solutions provider Assurant recently conducted a survey and found that many homeowners are not aware of or are prepared for the potential risk.