What is Airbnb Insurance?
If you are a property owner and are renting some or all of your units on Airbnb, we can help insure the building to protect your financial interest in your property. Many homeowner’s insurance policies specifically exclude coverage related to Airbnb activities. Short term rentals are viewed as a business exposure, which violates the terms of a standard homeowner’s policy. When you have a claim on your property – you need to know, the policy you have in place will respond.
If your only protection is through a homeowner’s insurance policy – please be sure to disclose the Airbnb activities and confirm the policy will respond favorably when there’s a claim. If there is any doubt about how your program will respond because of the Airbnb rentals, get a quote from us today, we can protect you correctly.
Although Airbnb’s Host Protection Insurance acts as primary insurance and provides liability coverage to hosts and landlords, it is subject to certain conditions, limitations and exclusions. There may also be some additional coverage under the Host Guarantee program, but it is up to the property owner to prove damages were caused as a result of an Airbnb guest. It is best practice to cover and protect your personal assets under an insurance program that is under your control and direction – to ensure that you can modify or eliminate limitations and exclusions that would ordinarily harm you during a claim.
When you purchase a policy from us, you receive a policy designed to protect you while recognizing the additional business exposure of Airbnb short term rentals. You will be able to rest easy knowing that if your unit is rented through Airbnb or not, you will have a policy that will respond favorably during a claim situation.
Get a quote today.
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