UNreal. Airbnb's charade of pretending 'they've never heard of this issue', regarding homeowner insurance NOT providing inclusions for Airbnb rentals in primary residences (home sharing). I was told by several insurance carriers that MOST Airbnb Hosts just do NOT know that they're NOT covered or just don't care & are taking the risks.
We're near retirement & simply CANNOT afford to lose everything we've worked for in our working lives. NOT worth the risks of getting sued & having our house burned down (accidentally or otherwise) because of a guest.
The FEW insurance providers that will actually cover Airbnb are crazy expensive. We were also told that IF our current insurance provider finds out we did (past) an Airbnb, they will instantly drop us.
We have 'snoozed' our listing while we investigate. It appears we're much better off just renting long term (month-by-month) to students. So we are moving in that direction & will most likely delete our Airbnb hosting account soon.
It is UNfathomable to me that Airbnb is just IGNORING this giant problem. Especially now that they have a trillion dollars (from their IPO) to work with. Bringing 'strangers' into your home is a HUGE RISK. They know this. This is NOT a secret. As for now, it's up the the hosts to meander through the limited options for homeowner coverage. And their $1million 'Host Protection', in California.....are you kidding me??? That WON'T go far if a guest gets hurt & decides to take us to court! The potential to LOSE everything is very, VERY REAL.
So we are pretty much DONE with being hosts with Airbnb (SUPER hosts, at that!), until & unless they actually can come up with some solutions to this problem that is eventually going to bring them down if they don't.
It was a good ride but an INCREDIBLE RISK that we were ignorant of until now. Well done, Airbnb...you've lost another host. How many more & how much longer?
