After a series of incidents in which guests trashed host’s homes, and worse, Airbnb began offering a $1 million “host guarantee” in 2012. Three years later, the company rolled out a “Host Protection Insurance” program, offering reimbursement of up to $1 million if a guest sued for injuries suffered during their stay.
But do these kinds of programs really pay off if guests damage your home or sue you for injuries suffered during their stay? Do host guarantees and host protection insurance actually protect you?
I discussed this issue with a friend, a private judge who has handled several lawsuits involving short-term rentals. Being careful not to discuss specific cases, she filled me in on some important things short-term rental hosts like me should know about host guarantees and host protection insurance programs.[Read more…] about Do Host Guarantees & Host Protection Insurance actually protect you?