RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Listing Your Home on Airbnb? Don't Forget Insurance

July 15, 2015 1:03 am

Home-sharing, or peer-to-peer renting, has soared in popularity thanks to sites like Airbnb, HomeAway and Roomorama that give renters the opportunity to room with a host in a privately-owned property, paying similarly to a hotel stay. The property is not a licensed hospitality provider, so insurance concerns are common for hosts.

According to the National Association of Insurance Commissioners (NAIC), standard homeowners and renters insurance policies generally do not cover home-sharing-related claims. Hosts must consider what their course of action will be if a guest is injured on or vandalizes the property. If you rent your home frequently, your insurer may deny coverage because your policy does not cover home-based businesses. If you rent your home only occasionally, your insurer may be able to provide an endorsement to protect you, but it is not guaranteed.

Because these and other factors must be considered, it’s important to discuss home-sharing with your insurer prior to renting. The NAIC recommends purchasing a landlord policy for liability protection and to cover possessions, any legal fees and lost rental income due to damage. You might also require renters to provide proof of their own homeowners, renters, or personal liability insurance for added protection.

At present, Airbnb offers host insurance coverage up to $1 million if a guest is injured on or damages the property.

Source: NAIC

Published with permission from RISMedia.


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Get in Gear with a Summertime Tune-Up

July 14, 2015 3:00 am

According to AutoTrader.com, more than half of drivers perform work on their car themselves instead of brining the car to a dealership or shop. While do-it-yourself maintenance can save hundreds of dollars in professional mechanic services, it’s important not to leave out any items on your tune-up checklist, especially in summertime.

The steps are simple – just remember the acronym SUMMER:

Scrub the Battery – Car battery drain is a common problem. Help keep your battery healthy and clean by sprinkling baking soda onto battery terminals and lightly spraying with water. Let the baking soda mixture sit for an hour before wiping it off with a wet sponge. Many auto parts stores also have cleaner specifically for car batteries. You can also ask them about a corrosion preventing kit, which sells for about $10.

Use a Sunshade
– Summer heat can cause cosmetic damage to your car's paint and interior, especially if you repeatedly park in direct sunlight. Be sure to preserve your vehicle's paint job with a UV-protectant wax, always try to park in a shady spot, and consider purchasing an inexpensive sunshade to help protect the car's interior.

Maintain Proper Fluid Levels – Coolant, or antifreeze, is the number one fluid you should check in your car during the summer months, as it helps protect your cooling system from corrosion and overheating. Add more if your level is below the minimum line – but do not open the coolant tank lid while your engine is hot.

Make Sure Tire Pressure Is Correct – Properly inflated tires are safer, last longer and can even improve fuel economy. In fact, the U.S. Department of Energy estimates that proper tire pressure can improve gas mileage by up to 3.3 percent, saving you money at the pump. Be sure to check your spare tire, too.

Expect an Emergency
– Pack an emergency kit in your car with the essentials, such jumper cables, a flashlight, paper towels, roadside flares, a first-aid kit, bottled water, and even snacks like granola bars.

Replace Your Wiper Blades – While it may seem obvious, summer storms can often roll in unexpectedly. Replace the blades every six months, or as soon as you notice decreased visibility or unusual squeaky noises.

Source: Autotrader.com

Published with permission from RISMedia.


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