Short Term Rentals are one of the most prevalent sectors under the Sharing Economy model. It allows property owners to generate additional income by renting out a portion of the entire house to students, travellers, and short-term rental seekers for a short period through online service rentals such as Airbnb.

In reality, Short-Term rentals come with unique exposures and unaware landlords assume these substantial Property and Liability risks, hoping their regular homeowner’s policy will cover them. Thus, there is a need to raise awareness that condos and homeowners’ insurance are not typically designed to cover commercial use, leaving owners personally exposed to significant risks.

The insurance coverage available through online services such as Airbnb may have unanticipated coverage gaps and holes that could leave property owners vulnerable to detriments.

Protect Short-Term rentals with CHES Special Risk!

CHES Special Risk is a leader in providing demand-led insurance solutions for developing economies such as Short-Term rentals. The specialized underwriters have expertise in arranging specialist insurance covers to cater to the needs of evolving business landscapes.

CHES Special Risk’s Short Term CHES Special Risk.

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