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Understanding the Insurance Implications of Home-Sharing

As the sharing economy hits its stride, more every-people are taking advantage of home-sharing platforms like Airbnb, HomeAway and VRBO. The ease-of-use of these platforms, however, should not detract from insurance considerations, says John M. Huff, president of the National Association of Insurance Commissioners (NAIC).

“Sharing a home, car or even personal items with a complete stranger reflects a new level of trust between buyers and sellers,” Huff said in a statement.

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