Summer Rental Risks: Is Your Family Fun protected

Summer Rental Risks: Is Your Family Fun protected -

The iconic 1985 comedy "Summer Rental" with John Candy is a hilarious portrait of Jack Chester, a family man devoted? to give his family the best beach vacation possible. It is also full of important insurance lessons. Here's a quick overview of what is and is not covered. Comment on these with your independent agent before going on holiday this summer if you know whether or not you are protected.

Renting a holiday home

• personal liability coverage follows you around the world.
• personal property coverage is applicable as well, but coverage for personal property of clients is limited.
• If the holiday home, hotel, house, etc. be damaged or uninhabitable, there is no cover use of loss under the standard homeowner's policy.
• Damage to property of others (such as the building itself or its contents) is limited to $ 1,000, subject to the exclusions of the policy.

watercraft rental

• one of the most common scenarios is to hire jet skis. The standard policy owner ISO provides liability coverage for inboard or inboard / outboard watercraft has 50 HP or less, but this would exclude many, if not most, of the rented jet skis.
• ISO standard owner's policy provides liability coverage for rented boats under 26 feet in length and sailing borrowed (ie not owned or leased) of any length
• no coverage for racing events -.! sorry Jack
• most non-motorized boats such as kayaks, rafts, canoes and boats should have some coverage, but it is always best to check before renting.

rent a car

• For tips on renting a car, check out our previous blog: Holiday Road Trip ... are you covered

What can we learn from Jack Chester? Do not fall asleep in the sun, make sure your holiday home is also access to the public beach, and do your homework before embarking on your next fun family adventure. Take a few minutes and contact your independent agent - it is always best to ask if you have prior coverage. tip sheet Central review your insurance coverage on Summer Fun Articles is an excellent guide.

Does one of your vacation plans include a "summer rental?"

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