Airbnb’s Host Guarantee plan is free and automatically active in all your rentals. But don’t be fooled into thinking you’re receiving adequate coverage. Unfortunately, many rental hosts are unknowingly violating their state’s law when their only insurance coverage is the host guarantee. In Airbnb’s own words, their Host Guarantee is not an insurance plan and does not provide much-needed liability coverage, leaving you exposed and at risk.
Some Things Not Covered Under the Airbnb Host Guarantee
Perhaps you were renting out your house, and didn’t know that your cleaning crew was not removing the soap scum build up in the shower. If someone stayed at your home and slipped on that soap scum build up, it would not be covered under Airbnb’s plan. Their medical bills would fall into your lap, whether you legitimately knew that the soap scum build up was there or not. Likewise, if a guest were to slip and fall anywhere on your property, you could be held liable for their injury. The Airbnb host coverage is a welcome supplemental plan to your current commercial liability insurance, but it does not cover some of the most important things in the rental business, such as liability.