Insurance

[Nicolas2436]

Hi all,

I'm about to open my first Airbnb, I'm not sure about what the right insurance is.

Any suggestions?

Thanks,

[Mike-And-Jane0]

@Nicolas2436 The only insurance worth getting is one that specifically allows short term rentals. Any that don't are a false economy as they will just not pay out if you have a problem even if the property is not booked on the day it burns down.

Try JL Morris insurance brokers on google as they claim to be Airbnb experts.

On a different subject how did your Fire Assessment go?

[Nicolas2436]

@Mike-And-Jane0 Thank you for that.

I just installed the smoke/heat alarm system as per the home office guide and will be installing the fire doors next week. I haven't completed the Fire Assessment yet.

[Alex]

Hi @Nicolas2436!

Hope everything is going well. I'm going to tag Mike and Jane to see if they can answer to you faster. Hope this helps! 🙂

Best wishes, 

Alex

[Mike-And-Jane0]

@Nicolas2436 A bit cart before the horse but at least you sound like you will have a compliant listing. My suspicion is many do not and there is sure to be a clamp down soon.

Other basic requirements are fire extinguishers, blankets and emergency lighting but these are all easy as the latter can be plug in rechargeable torches.

[Jason114]

Congrats on getting your first Airbnb up and running, Nicolas! You'll want to look for a short-term rental or holiday-let insurance policy.. not just standard home insurance, since most regular policies don't cover paying guests.

In the UK, companies like Pikl, Guardhog, and Intasure specialize in Airbnb-style hosting coverage. Make sure your policy includes public liability, building and contents cover, and loss of income protection. It's also worth notifying your existing home insurer so there are no gaps in coverage.