Homes that are rented out to short-staying paying guests are experiencing booking cancellations and reduced occupancy (loss of income) due to fears and government restrictions relating to Covid-19. We take a look at whether insurance provides cover. Covid-19, also known as the Coronavirus has caused major impact to visitor travel…
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There’s a lot of talk about the ‘pitfalls‘ of renting your home out on airbnb or bookabach. Local councils are cracking down on short-term rental property owners, with the result being that your profitability suffers. Like any business, increases in…
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Holiday home insurance is good but risk management is even better Identifying and eliminating risks in your holiday home is important for the ongoing enjoyment of your property. As Initio insurance handles a large number of holiday home claims, it has identified the top 3 causes of loss…
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If you rent out a room or your entire home to short-term tenants or holiday guests, your standard house insurance may not cover you. Short-term rentals, including Airbnb and Bookabach stays, increase your risk exposure. Before listing your property, it is essential to understand how this affects your…
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Burglary prevention is as equally important for holiday homeowners and landlords, as it is for one’s own personal residence. Burglary is not just about having your contents stolen; there is also the damage that thieves can cause trying to gain access to the property. Holiday homes are particularly vulnerable as…
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