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分享 Economy

The sharing economy is rapidly gaining popularity. Pricewaterho使用Coopers expects it to hit $335 billion in global revenue by 2025. Before you jump in on peer-to-peer transactions, understand how they work and how to avoid financial pitfalls.


Ride-sharing companies such as Uber and Lyft connect individual drivers with people who need rides. Passengers and drivers can screen each other, schedule rides and collect payment electronically.


Home-sharing or peer-to-peer rentals are sites where people rent out rooms or entire homes to guests for extra income. Guests find a property online and pay for the stay like a hotel. The difference is that the property is often a privately owned apartment, condo or ho使用. Anyone can register as a host or guest.

货物 & 服务

A smaller segment of the sharing economy involves the lending of personal items for a fee. Lenders and borrowers advertise and rent items like power 工具, golf clubs or designer dresses online. Or, someone seeks help from another individual online to help with tasks like packing boxes or ho使用cleaning.

常见问题解答 & 问题

问题? We’ve got you covered.

Does my homeowners policy cover guest injury and property 损害?

Many homeowners policies won’t cover guest injuries or property 损害. Talk to the home-sharing company and your own agent to determine if you need additional liability coverage or special landlord insurance.

Can I give guests a list of ho使用 rules?

Set boundaries. Let guests know what items they can and can't 使用. It's not uncommon for a host to lock certain rooms that are 使用d for storage, etc. Don't be afraid to charge them for 损害s.

What if I don't feel comfortable with the person 租?

Trust your gut. You always have the option to turn down potiential guests.

问题 about your policy?

Ask your agent

  • If paying guests ca使用 损害 when 租, will my policy cover property 损害?
  • What kind of insurance coverage do I need before driving for a ridesharing service?
  • What if I’m injured in an auto accident while a passenger in a ridesharing vehicle?
  • How is my property covered if I 雇佣 someone to help with moving, ho使用 cleaning or handy work?
  • What if the person who rents my personal items loses or 损害s those items?

提示 & 工具

Be prepared before you share.

Proof Of Insurance

Consider only 租 to guests who show proof of homeowners, renters or personal liability insurance. If your property is 损害d you can report a claim on your guest's policy.

Before Booking A Room

Review your personal policies. Confirm that your own homeowners, renters or personal liability insurance policies offer protection for 损害s 你原因.

Read The Fine Print

Home-sharing 使用r agreements change often. Be sure to read the fine print every time you engage.

Before You Drive For Uber or Lyft

Talk with your insurance company. Be aware personal auto insurance typically excludes coverage for business 使用 or when drivers are "available for 雇佣."

Fill Coverage Gaps

Fill coverage gaps for instances that aren’t protected by the ride-sharing company or your personal auto policy. Premiums, type of coverage, limits and availability varies by state. Check with your insurance provider to find out more about what’s covered.

Before Getting In The Car

Know the extent of your protection in the event of an accident. Most ride-sharing companies have liability policies to cover any passenger injuries.

Lending Valuables

When lending goods like high-fashion clothing or a bicycle, be sure to get a security deposit to help cover any losses.

Before Renting Out Personal Items

Capture photos and other information in a home inventory. Be mindful that for some items, you may not be able to locate an exact replacement.