Updated: Mar 29, 2021
A lot of hosts don't realise that the level of insurance that Airbnb offers is far from comprehensive and if you don't have your own insurance then you are putting yourself at a huge risk.
If that wasn't bad enough, your normal insurance provider may also not cover you simply because you rent on Airbnb. If you take away nothing else from this blog post, call your insurance company and make sure they know you rent on Airbnb and check that you are covered. You might be in for a nasty surprise.
So what does Airbnb offer?
Airbnb has two programs that hosts commonly confuse with insurance. There is the Host Guarantee program and the Host Protection program.
Obligatory note. This is not to be construed as financial advice or advice on your individual circumstances. Please always consult with a suitably qualified professional before making any decisions.
Airbnb Host Guarantee
So what is the Host Guarantee? It is effectively a marketing tool used by Airbnb to help users gain confidence in renting out their homes to complete strangers. Something that would normally make people think twice.