Blog

Booking Stays with Hotel Alternatives

posted by TrueNorth Risk Management on Wednesday, March 23, 2016

Right now, booking a vacation home on popular sites like airbnb.com, and homeaway.com are very popular and extremely convenient, but before taking off on vacation or an extended stay, it is important to consider what your homeowner's insurance will cover when opening your residence to or strangers or staying when you are your family are staying on a stranger's property.

According to airbnb.com, "some insurance policies protect homeowners and renters from certain lawsuits that result from injury to a visitor." Because polices and coverage vary from carrier to carrier, sites like airbnb.com encourage their site's users to consult their insurance providers before renting their residences or booking a stay through the site.  

Additionally, in January 2015, airbnb began offering Host Protection Insurance - but the program is only offered in the United States and predictably, the site's blanket coverage includes numerous conditions, limitations, and exclusions.  

If you are looking to rent or sublet space using one of the websites referenced above, TrueNorth can assist you by preparing  an "umbrella policy."  This policy will safeguard you and your family from unforeseen situations or scenarios that may occur while you or your loved ones are on vacation or away from your residence.  For more information, please contact TrueNorth or call us toll-free at 1-800-798-4080.

TrueNorth Offers Protection

As always, TrueNorth is happy to assist you by providing comprehensive insurance and financial solutions for both home and business. Visit www.iTrueNorth.com or call (319) 739-1277 for an insurance quote to help safeguard the things that matter most to you.