People are renting out their backyard pools. How safe is it? – Tampa, Florida

Tampa, Florida 2021-07-16 14:51:00 –

Erin Moriarty is not the one who likes to slow down. When the pandemic broke out last year, this third-year teacher in Waltham, Massachusetts saw an opportunity to start selling and branding his own paddle board.

She is currently successfully launching a new company called Castle Island SUPCo.

“We hope to sell about 500 boards by the end of this summer,” the two mothers said sitting at the kitchen counter.

Always about the side hustle, Moriarty recently discovered another hustle floating in the backyard. She is currently renting a backyard pool with a new app called Swimply. She charges strangers about $ 130 per hour to use her pool. It was an incredibly popular and lucrative venture.

“People are interested because they know the fact that this website exists and you can rent someone’s pool,” Moriarty explained.

As the founder of the company, Asher Weinberger believes that Americans have really come to the whole idea of ​​sharing their homes, cars, and even pools.

“We would like to thank the broader sharing economy and thank Airbnb for making this normal,” Weinberger explained.

Swimply has been working with insurers for two years to offer their hosts $ 1 million in insurance policies. To keep the lessee and host safe, customers who receive less than 5 initiating reviews will be removed from the platform.

“You’re not going to someone’s house. It’s the side entrance to the backyard, and many of us have rented a pool from friends and neighbors,” he added.

There is a lot of money to make in the pool rental market. About 17% of Americans own a pool, hot tub, or spa.Swimming is the 5th most popular activity in the United States

However, each year, about 6,700 Americans visit the emergency room for pool-related injuries.

Renspada is a personal injury attorney who has settled hundreds of cases related to pool injuries and drowning. He says some homeowners often have tens of millions of dollars in hooks when it comes to proceedings filed by Poole.

“For me, as someone in the business, it’s scary for me. I see so many exposures and risks to homeowners and hosts. If your insurance doesn’t cover you, I Will be worried, “Spada said.

For anyone considering renting a pool, Spada’s best advice is to check your home insurance policy. Swimply has a $ 1 million coverage, but homeowners’ coverage has a clause that bans pool rentals, which can leave your host exposed if something goes wrong. ..

“It’s different from inviting friends who, as you know, may have different respect for your property,” Spada added.

Returning to her pool, Erin Moriarty is considering weighing the risks and obtaining a comprehensive policy for additional coverage. She thinks the backyard pool may be economically floating.

“Whatever you could potentially share, there is a market for making money,” Moriarty said.

People are renting out their backyard pools. How safe is it? Source link People are renting out their backyard pools. How safe is it?

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