If you list your home on Airbnb or any other home-sharing platform, it is crucial to inform your insurance company before opening your property to strangers. If you fail to notify your insurer, your hosting-related claims may be declined. There are risks associated with hosting guests, including property theft, damage and potential liability if a guest is injured on your property. While Airbnb provides some cover through
AirCover, this is not a substitute for your homeowners’ insurance or renter’s insurance. AirCover has limitations and may not provide comprehensive coverage for all potential risks. By proactively informing your insurer, you will have the necessary protection in place. A financial advisor can help you understand your obligations and determine the appropriate cover for your specific situation. They can also guide you in assessing the risks involved, review your existing insurance policies and recommend any additional cover to protect you as a host.