By Jessica Dellemann, CIC Often, when we are doing reviews with our clients, we are finding (after some digging) that they are earning some extra income by renting out their house for Packer games, or by driving for hire through sites such as Uber or Lyft. When we ask why they didn’t let us know about this sooner, the most common response is that they didn’t think it mattered . We can certainly understand why people would think it doesn’t matter. Many of the websites for renting out your home or driving for hire are somewhat confusing, or worse, they may give the impression that you “are automatically covered” for liability issues. However, in many cases, there is absolutely no coverage and even when there may be some coverage, there might be huge loopholes that need to be carefully addressed. Let’s look at renting out your home through a site such as Airbnb. Seems pretty harmless. The renters are required to pay a security deposit. You have...
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