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One cannot be insured for this occurrence. Neither homeowner's nor renter's insurances cover paid guests in the home.
by foxit 15y ago
One cannot be insured for this occurrence. Neither homeowner's nor renter's insurances cover paid guests in the home.
- hnal943 15y agoHomeowner's and renter's insurance are not the only types of insurance there are. Who insures traditional BnB's?
- foxit 15y agoFrom the earlier conversations on this particular issue, business insurance (i.e. landlord insurance, hotel insurance) is needed. You can't get business insurance to run an unlicensed business in a private residence, particularly if a) your home isn't zoned for it, and b) if it violates your lease (in the case of a rental)/HOA (in the case of homeownership)/local law (in the case of NYC/SF/Paris et al.). Is there an opportunity there for someone to step up and insure Airbnb-style rentals? Yes. Meanwhile, though, these rentals are not insurable.