But homeowners also expose themselves to risk whenever they rent out their pools, warned IBC director of consumer and industry relations Anne Marie Thomas. "It's important for people to understand the risk that they're taking," the director told Radio-Canada in an interview, additionally explaining that homeowners who rent out their pools may unwittingly expose themselves to considerable legal liabilities, which could force their insurers to void their policies. She also cautioned that insurers can also refuse to defend liability lawsuits because the pool rentals were not within their policies’ terms. “No longer is it a personal insurance policy with a family," the director said. "Now the risk, meaning the home, is operating as a business, and it changes the risk and it changes the policy."

Source: CBC News August 02, 2022 16:46 UTC