Short-term property rentals have taken a backseat during Covid-19 because of travel restrictions. But, with protocols currently relaxed, a return to big events and the Easter holiday period around the corner, short-term rental property owners are now likely to experience a significant uptick in bookings.
Short-term property rentals have taken a backseat during Covid-19 because of travel restrictions, says Tarina Vlok, managing director at Elite Risk Acceptances, a high-net-worth insurer and subsidiary of Old Mutual Insure.
“But, if you are lucky enough to have an investment property or a holiday home that you rent out via hosting platforms like Airbnb, then you may also know the headaches that come with having many feet through the doors, like damage to, or theft of your property and goods.” In response to the many complaints from property owners, Airbnb recently announced free top-to-bottom protection for every host against risks from guests behaving badly.
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