home sharing

Home sharing involves renting out all or part of a private residence to guests, typically for a short period of time. The transaction often takes place through an online platform. Home sharing can create insurance coverage issues because a standard homeowners or renters policy may exclude or limit losses arising from rental or business use of the residence. Common claims include property damage caused by guests, theft from rented areas, guest injuries, and related liability claims. Hosts should disclose their home-sharing activity to their insurer and may need a home-sharing endorsement, landlord policy, commercial coverage, or other specialized insurance to address these exposures.