Airbnb Rental Insurance
Airbnb® Insurance Coverage
Airbnb offers Host Protection Insurance which protects Airbnb hosts and landlords worldwide. It largely focuses on protecting the host and/or landlord against responsibility when insurance claims are brought by third parties, like a next-door neighbor and also including guests that stay at the location. Coverage runs up to $1 million USD per occasion in case of property damages or injury.
Provided in the insurance are common spots like lobbies or elevators. Airbnb insurance is mainly liability insurance that safeguards the host, property owner or homeowners association from lawsuits brought by a visitor to cover things like damage to the building or an accident suffered during their vacation in the residence. There are several points, nonetheless, which are not protected by Airbnb insurance coverage.
The Airbnb Host Protection plan is just for liability as stated above. It does not consist of things such as building damage that is intentional, as opposed to accidental. Nor does it cover residential property damage such as mold or pollution. And it likewise does not address loss of income. So envision if a flood or fire happens throughout a guest's visit and you are not able to rent the space till mitigation is complete. Not having coverage to compensate you for both damages to the home or loss of revenue can be devastating to your earnings.
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