Insurance for Vacation Rentals, VRBOs, AirBNBs, and More
Transcript:
“Let’s talk about insurance! So the amazing thing that happens in our society is there are so many new innovative ways that people are making a living. One of the new industries that’s popping up is: VRBOs, Bed & Breakfasts, and AirBnBs. Well, that’s a wonderful thing, but it changes the way insurance is handled. So I discovered last week a new insurance company and they specialize—they’ve made their policy coverage through Lloyds of London—only for this type of insurance. It’s super important that you get the right kind of insurance for the usage of your home. If you’ve changed your home to have a basement room where you’re renting it to people on a daily basis or weekly basis, you need to change your policy. Your current homeowners policy does not cover you correctly: please, please pay attention to this. If you have your home and you’re using it for different use, you must change your insurance. This company I’ve found is the perfect fit, they have very competitive premiums, and the exact kind of coverage you want for this insurance exposure. Mark Olsen… pay attention! Your insurance may be wrong.”
