Home insurance with AirBnB

jules99-2

I'm renewing my home contents insurance. I live in a 10 y/o flat so the buildings cover is handled by the freeholder. I have had quotes for <£100 as have simple requirements fro home contents insurance from major providers.

However, I've recently started to rent out a spare room, successfully with AirBnB. I've taken account of most of the legal requirements for fire safety assessments 4etc etc.

When I come to home insurance its taken ages to find one and get a quote via a broker for £267 - this is for a small fat with no great value of contents. the quote (Plum Underwriting) is 3* the "normal" scenario with no lodgers.

1000s of people are using AirBnB to provide ad-hoc accommodation and a secondary source of income. What are the implications for insurance in the home, and are there any recommendation of insurance providers who understand this?? The provider of the current quote seemed to spend ages worrying about the exact make up of the curved metal roof, which is 4 floors up from me! I don't think they quite got it!

Anyone got any experience of this. What should be covered, is it the contents or the risk of injury or what. Would standard contents do the job?

AirBnB just seem to say "check it out" without being very specific. I think there's a large opportunity for a provide who understands this market.

Regards
Julian

nidO

AirBnB provide their own insurance for your property covering your booked guest(s) or guests of your booked guests, though this does have limitations.

If you want better than that, you need B&B insurance. HomeProtect are an example provider. Obviously this type of insurance is more expensive than your run-of-the-mill contents insurance as you're having potentially hundreds of different people in your property every year who could damage it.

jules99-2

i think you will find that the AirBnB insurance ONLY works for hosts in the USA and covers liability issue to do with injury/death etc.
Which raises the question does home contents include that liability cover.

Also hundreds (in my case 10s0 of people in the flat causing damage - well that's wear and tear and not covered by content insurance and neither is items being stolen by lodgers, unless there is forced entry.

So there are still issues, but I'll have a look at Homeprotect.

There is clearly a lot of misunderstanding about AirBnB by hosts and guests alike. My first guest damage a bed sheet ( not a big deal and she left £20 for replacement). Of course AirBnb don't cover that type of thing.