X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Summary: Home-sharing is another sharing technology similar to ride-sharing, but in this instance the insured shares his home with strangers. People arranging through an online application to rent their home or a room in their home for a short period of time; they may go on vacation and rent their home out while gone, or rent out a room or two while there for extra income. Home-sharing has evolved now where many people rent their second homes or other property they may own on a full-time basis. The sharing of one’s home on a for profit basis and the risks therein was not contemplated when the standard homeowner forms were created. In 2017, ISO added both an exclusion that clarifies that home-sharing is not covered by the standard homeowners forms, and six endorsements that do provide coverage for home-sharing. Those endorsements are discussed here. The exclusions provided by endorsement HO 06 53 02 17 are now included in the standard homeowners policies, and the HO 06 53 has since been withdrawn from use.

  Topics covered:

This premium content is locked for
FC&S Expert Coverage Interpretation subscribers.

Enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.

  • Quality content from industry experts with over 60 years insurance experience, combined
  • Customizable alerts of changes in relevant policies and trends
  • Search and navigate Q&As to find answers to your specific questions
  • Filter by article, discussion, analysis and more to find the exact information you’re looking for
  • Continually updated to bring you the latest reports, trending topics, and coverage analysis

Already have an account?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].

Ray Sugrim

 

Get Answers Directly From the FC&S Experts

Submit your coverage interpretation question to the editors of FC&S for quick and reliable information.

Question of the Week

Insurance Coverage Q&A: Fancy Sunglasses - Jewelry or Not? ›

Are sunglasses with gemstones considered jewelry or other property?

Question of the Week Archive ›

Copyright © 2024 ALM Global, LLC. All Rights Reserved.