Relying on Airbnb’s Property Damage Guarantee Could Leave You Broke & Homeless
While Airbnb often touts its $1 million-dollar guarantee, the truth is, it’s very difficult to receive any kind of reimbursement when filing a claim. In fact, you should be questioning how they’re able to offer this level of protection for free. The answer lies in the Airbnb Host Guarantee contract. Not only is it not real insurance, but the plan also requires you to seek reimbursement for hosting property damage claims through the guest and your own homeowner’s policy before you file a claim with them. And according to documentation, you only have a few days to report and file an Airbnb claim.
If both the guest and your homeowner’s policy take too long to process your claim, then Airbnb will automatically reject your reimbursement request as the deadline would have already passed. Given that it’s unlikely the guest who damaged your property would be willing to pay for it and that homeowner’s insurance doesn’t cover property rental host damage, it almost seems as if this requirement is a trap to get you to exceed the deadline requirement.
Lastly, the guarantee is a shared program. If the limit of damages is reached before you file a claim, then you’re out of luck. Hosts, why take the risk? Contact Proper Insure today!