Accommodation companies like AirBnB – as well as favourable exchange rates – have spurred more and more property owners to rent out their house or flat on a short-term basis to earn additional income. According to Attie Blaauw, head of personal lines underwriting at Santam, it is vital that individuals who decide to go this route go in with their eyes wide open. They should examine the risks associated with vacation letting – and put the appropriate insurance in place. (more…)
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