CAI-NJ Feb.2018 (w)

F E B R U A R Y , 2 0 1 8

ENGINEERS ARCHITECTS CAPITAL RESERVE SPECIALISTS

800-839-7740

ENERGY CONSULTANTS DRONE SERVICES LITIGATION EXPERTS

Stamford, CT Miami, FL Columbia, MD Rockville, MD New York, NY Easton, PA Trevose, PA

HEADQUARTERS:

682 Hwy 202/206

Bridgewater, NJ 08807

broker and ask them if there are any

exclusions or limitations in their commu-

nity’s insurance policies which would

exclude coverage of claims arising

from short-term rentals. Obviously, a

community association needs to have a

policy written with an insurance carrier

which allows short-term rentals, because

if the policy does not, or if there are

exclusions or specific limitations in the

policy, then the community association

may not be covered.

Currently, it is very rare to have a

specific exclusion in a policy which flat

out states that claims relating to Airbnb

and/or short-term rentals are exclud-

ed from coverage. What you will

find in many cases is a “Classification

SHORT-TERM...

from page 18.

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