You are giving bad advice that no one should follow. If you want to argue that your risk tolerance is high, that you have enough wealth to self insure or that some people won’t find buying insurance to be cost effective, go ahead. Maybe no insurance is the way to go for you and you only. Maybe you won’t be the host whose guest was killed on the rope swing tied to the front of a house in Austin TX.
It is a fact that many hosts have not been paid or were not paid enough by Airbnb for damages.
Here’s a recent thread that I submit as evidence:
Keep digging.