CAI-NJ Feb.2018

Airbnb and Insurance Issues and Implications for Community Associations By Eric Eggert, Licensed Insurance Broker, Mackoul Risk Solutions

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W ith the increased interest in short-term vacation rentals, popular websites such as Airbnb and HomeAway are thriving. As a result, community associ- ations all over are faced with several chal- lenges. A common question we get is: “Our community started allowing short-term rentals with Airbnb, are we covered for this?” The answer is not as easy as yes or no, as it varies from policy to policy. Community asso- ciation board members or property managers need to contact their community’s insurance

"The answer is not as easy as yes or no, as it varies from policy to policy."

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