I've been shopping around for a replacement for my State Farm homeowners policy. We live in California. I had read around on this forum that Proper is working on introducing a product for our type of situation (short term rentals within our home) so I gave them a call to inquire. Unfortunately they're still working on it, but the agent did give me some advice and the gist of it was: you shouldn't host on AirBnb in your situtation. Short of a commercial liability policy, which comes with a MUCH higher premium, he said there's nothing else on the market right now that covers all the risks that arise out of homesharing (his official term for our situation).
I mentioned I was looking into Slice, but he said their coverage is inadequate and is more designed for people who want to earn money on occassional opportunities (his example was big events happening in your city), rather than regularly hosting. And because it's not a replacement for your existing homeowners policy, anything beyond their coverage will be denied by your primary policy. His example was that if a guest burns your house down and you need to rebuild, they'll only provide $10,000. There's a lot of conflicting information out there, and I honestly don't know whose word to trust.
Hoping to get some clarity and hearing some options from the community.