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?