NAIC Adopts Home-Sharing White Paper
Regulators develop guidance for home-sharing

MIAMI BEACH, Fla. (Dec. 13, 2016) — The National Association of Insurance Commissioners (NAIC) today adopted a white paper on insurance coverage issues in the sharing economy for home rentals. Home-sharing companies like AirBnb and HomeAway offer consumers the ability to rent out a personal residence or home. Short-term home rentals by home-sharing companies present new insurance challenges.

The new white paper, Insurance Implications of Home-Sharing: Regulator Insights and Consumer Awareness, outlines insurance considerations regarding home-sharing rentals.

“We know more and more people use home-sharing companies to find vacation housing as well as rent out their homes,” said Dave Jones, California Insurance Commissioner. “As insurance regulators, we examined the insurance implications of this emerging trend. This white paper outlines the insurance issues and risks regulators need to understand to help consumers navigate this fluid marketplace.” Jones chairs the NAIC Sharing Economy Working Group that developed the paper.

The paper discusses various coverage options for homeowners, unit-owners, dwelling and renters policies. Limitations for each type of coverage are discussed as well as legal restrictions. The paper also focuses on the need for consumer outreach and education regarding these new services.

“It’s critical that we urge all parties in the transaction to understand the risks involved and the laws governing home-sharing rentals,” added Jones. “Where there are insurance coverage gaps, regulators, legislators, consumers, home-sharing companies and insurers need to work together to close those gaps and better protect consumers.”

About the NAIC

The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. For more information, visit

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