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Don’t Rely on the Luck of the Irish: Make Sure Your Property is Protected on St. Patrick’s Day
St. Patrick’s Day is one of the most popular holidays in the United States, with roughly 97% of the population planning to celebrate each year, according to Survey Analytics and PR Newswire. Ranked as the second most popular drinking day of the year by Time magazine, the excessive alcohol consumption involved with the holiday’s festivities can result in poor decisions and questionable behavior by many of those who choose to celebrate.
Because this is one of the country’s wilder holidays, many people who live in cities known for raucous St. Patrick’s Day celebrations – think Savannah, Boston, Chicago – choose to rent out their residences for the weekend to make some extra cash. If you’re one of these residents and don’t have adequate insurance for mishaps that may ensue, getting covered as soon as possible is a must.
Protection for the unexpected
Short-term home rental services, such as Airbnb and VRBO, offer property protection that could help replace your wood floors in certain instances – such as your guests getting too inebriated and deciding to turn your hallway into a slip ‘n slide. Although this is an extreme scenario, you wouldn’t want to be caught without insurance if a renter damages your property. If additional coverage would make you feel more comfortable, consider adding an endorsement or rider – a separate policy that provides additional liability or another specified coverage – to your existing homeowners or renters policy for an extra layer of protection.
It’s better to be safe than sorry if you’re planning on opening your home to strangers. Crime, including theft and vandalism, spikes during this holiday. Keep all valuables in your home or car locked away and out of sight to deter thieves. You should also consider getting a floater policy to insure high-value items, as standard home insurance policies typically wouldn’t cover the replacement of expensive jewelry or works of art.