Welcome! We are a community of AirBnb hosts

This forum is dedicated to connecting hosts with other hosts. Sign up to get the latest updates and news just for AirBnb hosts! Note that we are not affiliated with Airbnb - we are just passionate hosts!

Airbnb insurance actual cash value, not replacement cost


#1

Insurance is a big problem for us hosts. Regular HO policies will be cancelled, and other insurance can be expensive. I thought we were ok for now - HO policy will stay in place but not cover any damage or liability related to our airbnb activity - fine - because airbnb would cover us. Now it seems that this is not the case. My house is 65 years old - if a guest burns it down airbnb will depreciate my house before paying the settlement - meaning there’s no way I’ll be able to rebuild.

Is this how other hosts understand the situation?

Thanks

Nancy


#2

My homeowner’s insurance was cancelled on my house. I ended up buying vacation insurance from CBIZ. They told me they insure HomeAway.com. They also told me after I bought my policy (twice the amount of my old homeowner’s insurance) that ideally I should make every guest sign a rental agreement.


#3

Thanks, CS USAA did not cancel us, and I’m thankful, but cbiz doesn’t cover sharing situations, where the guest is in our home with us. I did find a bnb policy that is $1700 up from the $950 I pay for HO. So, not bad. We have had a great time hosting on airbnb but I want to see what others are doing about insurance and if they realize the problem with air’s coverage -


#4

That’s funny, my home is a sharing situation, which I TOLD CBIZ, and they still gave me the policy. They did say I had to have every guest sign a rental agreement, though.


#5

Unless you mean you are sharing actual rooms like bedrooms and not just giving them a private room in your house?


#6

HI cs2015

They have their own private bedroom & half-bath, shower upstairs in family area, are served breakfast in our kitchen.

I was told by CBIZ and other companies that, if we are home with the guests, the liability is much higher - and we were denied coverage.

Interesting!!


Altcoin Fantasy - Crypto Fantasy Trading and Simulation Game - Win Bitcoin and Altcoins!