Insurance Impact of COVID-19 on Short-term Rentals and Transportation Network Platforms
The pandemic has had a profound impact on the hospitality and service industry. This also extends to aspects of the sharing economy, including short-term vacation rentals and transportation network platforms. This article takes a closer look at COVID-19’s impact on these platforms and insurance coverage implications that retail agents should be aware of. COVID-19 Impact on Short-term Rentals When the World Health Organization (WHO) officially declared COVID-19 a pandemic in March 2020, short-term rental hosts experienced a significant decrease in reservations due to stay-at-home orders and transportation restrictions. Soon after, these short-term bookings began to see an increase from those… Read More »Insurance Impact of COVID-19 on Short-term Rentals and Transportation Network Platforms