Your Air BNB insured correctly?

More than 80% of Air BNB homes are not insured properly. If you go onto their website too few the questions about insurance you’ll find this statement, “Airbnb?s Host Protection Insurance will act as primary insurance and provides liability coverage to hosts and, where applicable, their landlords, subject to certain conditions, limitations, and exclusions.” Let me guess when you hit “subject to …..”, you stopped reading? That’s probably exactly when you lose most your coverage.

Thankfully they suggest you contact your agent (SMART). Then they continue to grab a shovel and dig … I mean state that visitors are typically covered on your homeowners liability (NOT SMART). When there is a financial transaction for someone staying in your home they no longer become a casual guest/visitor. They are now a short term tenant and most carriers do not like this exposure.

Maybe in the future personal lines carriers will pick up a home-sharing endorsement like most have on auto for ride-sharing. But for now, go talk to your agent.

Share This