AP Blog

By Greg Stock, 06/20/2019
As we begrudgingly make our way through the storm season, while casting a wary eye toward the 2019 hurricane season, this is a great time to review the hazards and coverage associated with these events to make sure you are adequately prepared. The U.S. has already experienced heavy rains, flooding, hail, and...

By Robert Esposito, 06/17/2019
Truck side guards are devices designed to keep vehicles, pedestrians and bicyclists from being injured or killed by large trucks in side-impact collisions. Side guards have been required standard equipment since the 1980s in Europe and Japan, and more recently in Brazil. They are also widely adopted in China,...

Risks for Homeowners in the Sharing Economy
By Ivy Crum,

Similar to ridesharing, home-sharing is growing at a tremendous rate. With websites like Airbnb, more and more individuals are participating in property sharing. For those who feel comfortable with renting out their home while they are away, it is a quick, and easy way for travelers to access inexpensive and informal places to stay; however, as the sharing industry grows, so do risks for homeowners and travelers.

Trust between two stranger parties is one of the biggest risks when it comes to home-sharing but insurance coverage can play a vital role in protecting each party. Some risks include:

  • Property damage
  • Lost or stolen property and even identity theft
  • Building code safety
  • Lack of fire or carbon monoxide detectors

Personal injury incidents in shared homes can lead to lawsuits that affect both parties and damage the home-sharing company’s reputation in the marketplace. Luckily, insurance can help protect both parties. To learn more about the best coverage for your home-sharing needs, visit AssuredPartners Personal Insurance.

Source: PropertyCasualty360