Today many people are earning extra money by join home sharing host like Airbnb, Homeaway, Rent by Owner, Vacation Rental by Owner, Tripping, Flipkey, Overnight, Vacasa and Innclusive.
The growth of these home-sharing companies brings additional risks and coverage gaps when a customer has paying guests in their home.
Host Advantage is a $50/year endorsement that closes two coverage gaps in a home owners policy:
Theft Protection – adds theft protection for customer’s belongings while renters are staying in the home
Damage – Provides up to $10,000 for personal property damage caused by a temporary renter that is not normally covered by your home insurance.
Allstate also offers discounted cleaning services through Merry Maids to help with guest preparation and post-guess clean-up!