ISO has introduced new home-sharing insurance options that address the growing risks policyholders face when renting their homes online to people they’ve likely never met.

“Home sharing has created a new source of income for millions of people who’ve turned their empty homes and spare bedrooms into short-term accommodations for visitors from around the world,” said David Cummings, senior vice president, insurance operations and analytics at ISO, in a statement. “But it’s also created new risks for insurers, who historically didn’t consider home sharing when underwriting homeowners policies.”

Cummings said ISO’s new endorsements provide insurers with tools to address the growing trend in the sharing economy.

The new homeowners coverage options and accompanying rating provisions have been filed on a multistate basis to enable insurers to address a number of exposures that home-sharing hosts face, including: liability; theft; vandalism; and damage to guests’ property.

New coverage endorsements provide added protection for homeowners and renters.

In recent years, a number of incidents have been reported involving excessive property damage, theft of valuable items, and even bodily injury to guests on the homeowner’s premises as a result of participation in home sharing.

To learn more about ISO’s home-sharing insurance options, visit

ISO is a Verisk Analytics business.

Source: ISO