Comprehensive Airbnb Liability Insurance Is Critical
As an Airbnb host, your first business order is to ensure you have adequate Airbnb liability insurance. When we think of insurance, we typically think of property coverage for perils such as wind, fire, and water damage; your Airbnb rental property is a substantial financial asset, so it makes sense. But liability insurance should be examined in greater detail as it could ultimately sink your Airbnb rental operation.
Proper Insurance is the leading provider of Airbnb liability insurance in the United States, and we have seen and responded to just about every liability claim there is to see. Our written policies cover all 50 U.S. states in virtually every vacation rental or short-term rental Airbnb market. We’ve seen, defended, and ultimately settled millions in Airbnb liability insurance claims.
A concept to understand with Airbnb liability insurance, is exclusions, as it’s ultimately exclusions that result in no coverage, or lack thereof. Most liability insurance policies state that coverage exists for all bodily injury or property damage claims that the named insured could legally be held liable for. Then, the Airbnb liability insurance contract piles on the exclusions, and it’s your responsibility to know and understand the contract limitations.
A few easy examples to easily demonstrate Airbnb liability insurance exclusions would include, communicable disease, which means if a renter used a hot tub, developed a rash, and then later claimed they got the “hot tub rash” from your property, the communicable disease exclusion could rightfully deny defense and coverage, leaving the Airbnb host on their own to defend themselves and ultimately settling the claim or lawsuit.
This is just one of dozens of common exclusions found in Airbnb liability insurance policies and reiterates the importance of knowing and understanding your liability insurance contract limitations.
A Few Real-Life Examples of Liability Insurance Claims Involving Airbnb Properties
These are just a few examples of Airbnb liability insurance claims Proper has responded to that can arise at an Airbnb rental property. If you regularly open your doors up to strangers, it’s just a matter of time until someone gets hurt, and you ultimately end up in a lawsuit.
Proper Insurance offers the industry’s broadest Airbnb liability insurance protection. A few liability coverages Airbnb hosts do not think of are liquor liability, communicable disease, invasion of privacy, beg bug liability, amenities off-premises, assault, and battery, to name a few.
Contact a Proper Insurance agent today to see if upgrading your insurance coverage makes sense. Call us at 888-631-6680.
