Airbnb® Host Insurance
Airbnb provides Host Protection Insurance that protects Airbnb hosts as well as landlords throughout the world. It largely focuses on protecting the host and/or landlord facing responsibility when insurance claims are brought by third parties, like a neighbor and also including guests that stay at the property. Protection runs up to $1 million USD per occasion in the event of property damages or injury.
Featured in the insurance coverage are common places like entrance halls or lifts. Airbnb insurance coverage is mainly liability insurance that shields the host, landlord or homeowners association from lawsuits brought by a visitor to cover things like damages to the building or an injury endured throughout their stay in the residence. There are numerous things, nonetheless, which are not protected by Airbnb insurance coverage.
The Airbnb Host Protection plan is only for liability as mentioned above. It does not consist of things such as building damage that is deliberate, instead of accidental. Nor does it protect property damages such as mold and mildew or air pollution. And it likewise does not address loss of revenues. So think of if a flood or fire occurs throughout a guest's stay and you are not able to rent out the room till mitigation is complete. Not having coverage to compensate you for both damages to the building or loss of income can be devastating to your income.