Host Protection Insurance
If you own your home and rent it out and a guest becomes seriously injured, you could use your home and any other savings or assets if you don’t have proper host protection insurance coverage.
Does Renter’s Insurance Cover AirBnB?
Typically, a renter’s insurance or homeowner’s insurance policy will still insure your property as long as you only rent it out occasionally. In other cases, a renter’s policy might deny coverage if you make more than a couple thousand dollars annually from home-sharing.
5 Tips for AirBnB Hosts
- Buy Insurance
- Get a home safety inspection
- Invest in smoke detectors, fire extinguishers, and first aid kits
- Leave safety information for your guests
- Be honest