And there can be a significant savings in money. No hotel bills, a major dent in travel budgets, and you also save by not eating out at restaurants all the time. Chances are you'll get deeper insights into local cultures and a less superficial travel experience. Domestic home exchanges also enable people to go away for short weekend trips and to possibly drive instead of flying. Trip cancellation insurance can be a worthwhile purchase.
Insurance is often a big concern for parties that exchange homes.
Check your insurance policies to see if there's coverage for casual visitors to your home and other drivers of your cars. Make sure you have a clear-cut agreement on what the home exchange entails in the use of cars and any recreational equipment, etc. Some home exchange companies operate by selling directories, with varying prices and schedules, which contain listings of people who want to make a home exchange. Interested parties handle their own negotiations. Other companies handle arrangements for the parties, for a fee.