Insurance For Airbnb

Insurance For Airbnb

ABI news. April 2019 25/07/2019

BEFORE LETTING OUT YOUR PROPERTY
whether via Airbnb or any other Bed and Breakfast arrangement.
 INFORM YOUR INSURANCE COMPANY.
Failing to do this, could invalidate your Policy and the insurance company could be entitled to refuse any claim you
make, on the grounds of non-disclosure, even if the claim is not due to damage caused by your guests.
 SOME HOMESHARE WEBSITES OFFER SCHEMES FOR OWNERS
Check that these cover more than just any damage caused to the rented property or room. Owners’ belongings,
valuables, cash or pets are unlikely to be covered. Communal areas of the building, as in the entrance hall of a block
of flats, or a shared bike store may also not be covered.
 CHECK WITH YOUR OWN HOLIDAY LETTING COMPANY TO SEE WHAT COVER THEY OFFER
 CHECKING TERMS AND CONDITIONS
Some home share companies offer different insurance products or guarantees. These may cover payment
protection or a security deposit, if your clients book via their platforms.
 YOU SHOULD SPEAK TO YOUR HOME INSURER –
To make sure that short- term rentals are covered by your Policy, or get a specialist add-on Policy

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