A group of Block Island realtors have been talking about including a hurricane clause of some kind in their rental contracts in the future. Apparently, this year's Irene caused many people to want refunds because of boats not running etc. Meanwhile, a fall nor'easter can shut down ferry service for several days (longer than most hurricanes).
Can you get trip insurance for house rentals? I dunno. But I do know that the weather is only going to get more unpredictable even as the fall season becomes more popular on the island. We need to think of something. Ideas?
5 comments:
You can get insurance for ANYthing. Insurers are always happy to sell you something. I say recommend trip insurance. And if there isn't a policy out there that covers ferries and bad weather, consider starting up a company that offers it.
Either don't rent in the fall, or write a caveat into all fall rental agreements warning your tenants you cannot be responsible for acts of God.
I thought you did control the weather.
Right now the issue is self control.
or maybe just plain old "powerlessness" that's a big word
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