Airbnb insurance

Discussion in 'Insurance not covered in other forums' started by delfio, Jun 7, 2017.

  1. delfio

    delfio Frequent Poster

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    Hi does any know which insurance company provide cover for Airbnb.
     
  2. cremeegg

    cremeegg Frequent Poster

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    No special insurer, just regular household insurance, be sure there is adequate public liability included, notify them you are letting on Airbnb. Similar to household insurance for a landlord, the premiums are actually less.
     
  3. delfio

    delfio Frequent Poster

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    Thanks cremeegg. My present insurer told me they dont do Airbnb cover so now I not sure.
     
  4. delfio

    delfio Frequent Poster

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    Just to add further info. I have rang a number of the major insurers and they telling me they dont do cover for Airbnb insurances. Chill insurance said they provide cover if it is for only one guest at a time. A broker called McCarthy insurance said it's a very grey area and presently they are not providing cover. I have finally been told Allianz do cover fir Airbnb. Food for thought there for people who are doing Airbnb, make sure you are adequately covered and don't rely on your ordinary home insurance.
     
  5. Sarenco

    Sarenco Frequent Poster

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    I'm pretty sure that Airbnb hosts automatically benefit from some form of centralised insurance programme.

    Are you being refused regular home insurance?
     
    trasneoir likes this.
  6. delfio

    delfio Frequent Poster

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    No I have had regular home insurance for years and never made a claim nor was I ever refused insurance. I like to be proactive and made enquiries to my own house insurance company to be sure I was covered and to my surprise they told me they dont provide cover for abandb.

    I have just taken out out new home insurance policy with Allianz that includes cover for up to 12 guests. It's peace of mind for myself.
     
  7. delfio

    delfio Frequent Poster

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    That is true but Airbnb will also tell you it is vital that you take out your own home insurance policy that cover guests in your home.
     
  8. Sarenco

    Sarenco Frequent Poster

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    Sorry, I'm confused.

    You have not been refused "normal" home insurance and Airbnb hosts automatically have host insurance cover - right?

    So where's the gap in coverage? Are you concerned about the adequacy of the Airbnb host insurance programme?

    Or to put it another way, what do you mean by "cover for Airbnb"?
     
    Ravima likes this.
  9. finny

    finny Registered User

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    Can you not just get the Airbnb host cover insurance?

    upload_2017-6-19_12-3-0.png
     
    SirMille likes this.
  10. finny

    finny Registered User

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  11. Leo

    Leo Moderator

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    Just be sure you're aware of the limitations in that cover, shared or common areas for example.
     
  12. finny

    finny Registered User

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    Would this not mean the common areas are covered?

    "Anyone otherwise living at the Accommodation is included as an additional insured to the extent of claims brought against the Host. The Host’s Landlord, Homeowners Association or Condo-Owners Association, or any other similar entity of which the Host is a member, is also an insured, but only with respect to liability arising out of the ownership, maintenance or use of that part of the Host’s Accommodation, including related common areas, during an Airbnb Stay."
     
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  13. Leo

    Leo Moderator

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    'Shared or Common Areas' is listed under the heading of 'What's not Protected' in the Guarantee piece. If it were me I'd be reading through both the guarantee and insurance documentation and also confirming cover with my own insurer. RSA policies for example have a lot of exclusions arising with the presence of 'paying guests'.
     
    SirMille likes this.
  14. cremeegg

    cremeegg Frequent Poster

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    I just now notified Allianz, that regarding a property I have insured with them, my tenants have left and I will be letting on Airbnb. They noted that on my policy. No issues.

    As for Airbnb's own insurance. Please !
     
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  15. delfio

    delfio Frequent Poster

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    Airbnb have loads of exclusions on their own policy and it would be madness to rely sorely on it.

    If you haven't informed your insurer that you are an Airbnb host they may well refuse to pay out even on a claim unrelated to airbnb because you did not disclose a material fact. I found it very diffucult to get an insurer to give me house insurance once they heard I was going to be doing airbnb. Most simply refused point blank.
     
  16. Leo

    Leo Moderator

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    At least Allianz's T&Cs seem to just exclude accidental damage or theft without forceful entry when accommodating paying guests. Looks like all other cover remains unaffected.