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AirBnB to Expand Insurance Coverage

AirBnB’s insurance coverage is a topic that has been debated by many insurance experts. We’ve weighed in on it ourselves here: It seems as though some of our concerns are being addressed, as AirBnB has announced that they’re rolling out new insurance coverage levels in Canada to support the host properties.

The new insurance will add liability insurance, covering claims against the host in case of a guest getting injured at the property or damage caused by a guest that affect surrounding properties (such as a burst pipe causing water damage to a neighbouring apartment). This additional coverage will come at no extra cost to the host.

While such claims against hosts are rare, with over 33,000 AirBnB listings in Canada it’s important to make sure that measures are taken to avoid costly mistakes, and it’s a great reminder about the importance of having proper business insurance.