What:
Airbnb announced the launch of a protection program named AirCover that groups together the company’s Host damage protection, Host liability insurance, and Experiences liability insurance.
Why:
Airbnb’s hosts are seeking more protection for their properties and better claim reimbursement process.
How:
- AirCover is included at no additional costs for all new and existing hosts, offering: $1M damage protection, $1M liability insurance, income loss protection, pet damage protection, deep cleaning protection, a 14-day filing window, quicker reimbursement (“within 9 days on average”), and a faster track for Superhosts.
- The host damage protection keeps the property, and what’s in it, protected whenever the owner is hosting on Airbnb. It isn’t an insurance policy, and not all damage is covered.
- The host liability insurance covers guests who are hurt or their property is damaged during an Airbnb stay.
- The experiences liability insurance protects the owner if a guest is hurt or their property is damaged during an Airbnb Experience.