Does Your Insurance Cover You When Renting

Renting your property, by either buying a 2nd home and renting it out for weekends or renting your main residence out on an ad hoc basis can have serious implications on your home insurance.

Handing your keys over to someone who is not a member of your household could lead to your insurance cover being void.

Using a house renting facility such as Airbnb is a good idea if you are looking to make some extra cash, but you must always make sure your insurance company are aware of this material fact. If you are paying your insurance and haven’t informed your insurance company you could find yourself uninsured. Your policy could be made void as well as a potential claim not being paid.

You should always make your insurance company aware of any material fact which may affect the terms of your insurance. This can be anything from changing your occupation to renting your property. Whether it is for a weekend or on a permanent basis, they need to know.

Airbnb Host Guarantee

Sites like Airbnb will provide you with a Host Guarantee. Do not confuse this as a replacement for your insurance policy, it is just a back-up. Inform your insurance company immediately of your intention, if they are unable to continue your cover under your original contract they may be able to offer you an alternative. If they decide not to continue to insure you, do not worry as there are companies that will offer reasonable premiums with correct terms and conditions for your specific needs. It is always better to be safe rather than sorry, especially when it comes to insuring your property and worldly possessions.

Brownhill Insurance Group are happy to get you the correct cover. Please call us for a quotation on 020 8658 4334 or contact us here.