AirBnB now providing $1 million damage protection and $1 million liability insurance

I see AirBnB is now providing free $1 million in Host damage protection and $1 million in Host liability insurance, free, to all hosts.

Introducing AirCover - Resource Centre

 

It sounds so broad until you read the whole page. If a guest checks in with a suitcase filled with $1m of currency they can prove they had stolen AND a court holds the landloard liable for then sounds like a bargain. But its not automatic "cover" unless they are successful.

Host liability

Liability insurance applies to Hosts in the rare event a guest gets hurt or their belongings are damaged or stolen while they’re staying at your place. People who help you host, like Co-Hosts and cleaners, are also included (for what ?) , so you can feel confident hosting on Airbnb.

Host liability insurance covers you if you’re found legally responsible for:

• Bodily injury to a guest (or others)...
• Damage to or theft of property belonging to a guest (or others)
• Damage caused by a guest (or others) to common areas, like building lobbies and nearby properties

So the occupant must have sued you and been awarded damages?.....

Then they mention experiences insurance which doesnt seem to cover anything different to the host liability cover. Confused ?
And then there is Host Damage Protection which reads like a exclusions riddled policy. Excluded property and exclusions and limitions are long paragraphs see para 7..mysterious disappearance, loss, or shortage disclosed on taking inventory, or any unexplained loss of inventory. .and IMO is less reliable than having your own short stay policy that contains more certain cover. eg Bikes are not covered etc, discovered losses are not covered. The Police report one and 14 day rule is a strict issue too. I wonder how their claims process deals with replicated cover ? ie Do they refuse cover ?

 

Filed under: insurance

Expense claimed under: marketing and PR