Before you rent household items to others, you need to know about something called “voluntary parting” insurance. This is coverage that specifically addresses an exclusion in most insurance policies. That exclusion says you get no loss or theft coverage for “voluntarily parting” with your property by renting it out. If you want that coverage, you need to buy it. Do that before you rent household items.
That said, these sites can help you rent household items ranging from vacuum cleaners to tools; sporting goods to mowers.
FriendWithA
FriendWithA is an online rental platform where you can list anything, from camping equipment to bounce-houses. However, the site appears to specialize in high-end sporting equipment such as electronic scooters, bikes, one-wheels (a cross between a skateboard and a Segway) and paddle boards. Learn more about FriendWithA here.
Loanables
You spent big bucks to buy the carpet cleaner, the belt sander or the wood chipper and now they are all just sitting in your garage gathering dust. The same holds true for that camping equipment — and even your old wedding or prom dress. This site allows you to rent it out — and even gives you an idea of how much similar items are renting for in your area. You pay nothing unless your things rent. If they do, the site takes a 10% commission. Learn more about Loanables here.
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