Spring 2024 – Stanley Mutual Member Insider News
Autumn 2024 – Stanley Mutual Member Insider News
Winter 2024 – Stanley Mutual Member Insider News
Understanding the Impact of Renting: A Rental Note from Stanley Mutual Insurance
the ever-evolving landscape of homeownership, an emerging trend has gained popularity – renting out basements as apartments, engaging in short-term rentals through platforms like Airbnb, or offering rooms to boarders. While this can be a great way to utilize extra space or earn supplemental income, it’s crucial for homeowners to recognize that such endeavors constitute a material change in risk and have significant implications for their insurance coverage.
Beyond Boundaries: Navigating the Tiny Home Revolution
Although interest rates are predicted to finally give it a rest, trends suggest that cities will flood the market with rental projects and new housing will crop up in creative ways and places including abandoned office buildings, laneways and tiny home communities.
According to the architecture firm Gensler, in the next five years, roughly 12 percent of the country’s office buildings could be Cinderella-ed into 70,000 rental units, creating homes for up to 120,000 Canadians.
Wrapping Up Your Holidays to Avoid Insurance Disasters
Don’t let someone steal your sleigh!
Beware of potential car theft during the holidays, as historical data indicates heightened risks on New Year’s Day, the prime day for such incidents. While Christmas Eve and Christmas Day see a decline in theft, precautions should still be taken to safeguard your vehicle during the festive season.