What it does
Covers theft of the insured's property while the residence is occasionally rented, for example during an event week or vacation rental, removing the theft limitation for property in a rented residence.
Who needs it
Owners who rent their home occasionally. Home-sharing on platforms is addressed by the broadened home-sharing endorsements in the 2022 program.
Quoting and selling notes
- Ask how often and through which platform the home is rented; frequent short-term rental is a business exposure that may need HO 06 62–06 68 or a dwelling/commercial policy.
Editions and availability
Editions in use and where they apply: 03 22 (41 jurisdictions); 02 17 (11 jurisdictions: AL, CA, CT, FL, GA, HI, LA, NC, TX, VI, WA); 10 00 (1 jurisdiction: PR).
Section II changes affect umbrella placement. The ISO personal umbrella (DL 98 01) needs its own excess endorsements for business pursuits, home business, home day care and home-sharing exposures, so confirm the umbrella responds before relying on a homeowners endorsement for a business-type exposure.
