Post by High Priestess on Jul 10, 2016 4:03:38 GMT
See the article:
www.insurancejournal.com/news/west/2016/07/08/419530.htm
Senate Bill 1092, authored by Senator. Bill Monning, D-Carmel, requires hosting platforms like Airbnb to provide a notice to homeowners and renters reminding them to check their insurance policy for appropriate insurance coverage prior to offering their property for rent on the platform.
SB 1092 builds on existing law enacted in 2015 that requires hosting platforms to provide a notice to renters that they should check their lease to see if such activities are permitted or may be in violation of the lease.
The bill amends the business and professions code, requiring hosting platforms to provide the following notice to an offeror listing a residence for short-term rental on the hosting platform:
“(a) If you are a tenant who is listing a room, home, mobilehome, condominium, or apartment, please refer to your rental contract or lease, or contact your landlord, prior to listing the property to determine whether your lease or contract contains restrictions that would limit your ability to list your room, home, mobilehome, condominium, or apartment. Listing your room, home, mobilehome, condominium, or apartment may be a violation of your lease or contract, and could result in legal action against you by your landlord, including possible eviction.
(b) You should review any restrictions on coverage under your homeowners’ or renters’ insurance policy related to short-term rental activities to ensure that there is appropriate insurance coverage in the event that a person sustains an injury or loss for which you are responsible, a person damages or causes loss to your personal or real property, or a claim or lawsuit is made against you or otherwise arises out of activities related to this hosting platform.”
www.insurancejournal.com/news/west/2016/07/08/419530.htm
Senate Bill 1092, authored by Senator. Bill Monning, D-Carmel, requires hosting platforms like Airbnb to provide a notice to homeowners and renters reminding them to check their insurance policy for appropriate insurance coverage prior to offering their property for rent on the platform.
SB 1092 builds on existing law enacted in 2015 that requires hosting platforms to provide a notice to renters that they should check their lease to see if such activities are permitted or may be in violation of the lease.
The bill amends the business and professions code, requiring hosting platforms to provide the following notice to an offeror listing a residence for short-term rental on the hosting platform:
“(a) If you are a tenant who is listing a room, home, mobilehome, condominium, or apartment, please refer to your rental contract or lease, or contact your landlord, prior to listing the property to determine whether your lease or contract contains restrictions that would limit your ability to list your room, home, mobilehome, condominium, or apartment. Listing your room, home, mobilehome, condominium, or apartment may be a violation of your lease or contract, and could result in legal action against you by your landlord, including possible eviction.
(b) You should review any restrictions on coverage under your homeowners’ or renters’ insurance policy related to short-term rental activities to ensure that there is appropriate insurance coverage in the event that a person sustains an injury or loss for which you are responsible, a person damages or causes loss to your personal or real property, or a claim or lawsuit is made against you or otherwise arises out of activities related to this hosting platform.”