Airbnb offers Host Protection Insurance which covers Airbnb hosts and landlords globally. It mainly focuses on protecting the host and/or landlord against responsibility when cases are brought by third parties, like a neighbor and also including visitors that remain at the property. Insurance coverage runs up to $1 million USD per incident in case of property damage or injury.
Featured in the insurance are common areas like entrance halls or lifts. Airbnb insurance is mainly liability insurance that secures the host, property owner or homeowners association from lawsuits brought by a visitor to cover points like damages to the building or an accident suffered during their stay in the residence. There are lots of things, nevertheless, which are not covered by Airbnb insurance coverage.
The Airbnb Host Protection plan is just for liability as mentioned above. It does not include points such as property damage that is deliberate, as opposed to unintentional. Nor does it protect building damage such as mold and mildew or pollution. And it likewise does not protect loss of earnings. So visualize if a flood or fire takes place throughout a guest’s visit and you are unable to rent the room till mitigation is complete. Not having protection to compensate you for both damages to the residential property or loss of income can be devastating to your earnings.
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