Airbnb has claimed its new Host Protection Insurance program provides primary coverage for Airbnb hosts and landlords, as additional insureds, in over 15 countries.
“Our program protects against liability claims up to US$1 million that occur in a listing, or on an Airbnb property, during a stay,” said the company.
“Though over 60 million guests have had safe, positive experiences staying on Airbnb, it’s best to be prepared when the unexpected occurs.
“Our Host Protection Insurance program provides you peace of mind, protecting you against third party claims of property damage or bodily injury up to $1 million.”
What does the Host Protection Insurance program cover?
According to Airbnb it “provides primary liability coverage for up to $1 million per occurrence in the event of third party claims of bodily injury or property damage. This coverage is also subject to a $1 million cap per listing location and certain conditions, limitations, and exclusions may apply”.
The Host Protection Insurance program covers landlords and homeowners associations in many cases when claims are brought against them because a guest suffers injury during a stay. It may also cover claims if a guest damages building property. This often includes claims filed by a landlord against a host. Landlords are covered only if Airbnb and/or the host is also a party to the claim.
What’s not covered by the Host Protection Insurance program?
The Host Protection Insurance program does not apply to liability arising from (1) Intentional Acts including: (i) Assault and Battery or (ii) Sexual Abuse or Molestation – (by the host or any other insured party), (2) Loss of Earnings, (3) Personal and Advertising Injury, (4) Fungi or Bacteria, (5) Chinese Drywall, (6) Communicable Diseases (7) Acts of Terrorism, (8) Product Liability, (9) Pollution and (10) Asbestos, Lead or Silica.