Page 9 - AO3rdQT2018PL

What isn’t covered by my homeowners insurance?
While a a a a a paying guest may indeed qualify as as a a a a a a disaster in in some
cases the the havoc
they may wreak
is not covered by most standard homeowners policies Homeowners
insurance doesn’t
cover your
paying guests’ belongings in in in in the the event of of a a a a a a a a a a disaster It also doesn’t
cover cover damage to your
your
property
property
property
or or or a a a a a a a a a a a neighbor’s property
property
property
caused by by a a a a a a a a a a a paying paying guest guest guest or or or theft of of your
your
property
property
property
by a a a paying guest Why doesn’t
my homeowners insurance cover paying guests?
When your
home sharing hobby becomes a a a a a source of significant income it must be be insured like a a a a a a a business In some
cases your
your
insurance provider may be be able to to offer an an endorsement or or add-on to to improve your
your
coverage However in in in in most cases either landlord insurance insurance or or business insurance insurance are required to protect your
assets from damage destruction or theft by a a renter