AirCover by Airbnb

#1

Post by neduma » Wed, Nov 10, 2021, 3:39 AM UTC

Re: AirCover by Airbnb

#2

Post by gennarro » Wed, Nov 10, 2021, 3:58 AM UTC

Perhaps a dumb question but who was handling the insurance before this? Homeowners does not cover rentals, correct? So you needed rental insurance? I’ve always seen airbnb to be too risky to do with your primary residence, which seems to greatly diminish from the efficiency of the service (and of home ownership)

Re: AirCover by Airbnb

#3

Post by crehn » Wed, Nov 10, 2021, 4:09 AM UTC

So what would happen in practice if I completely trashed an Airbnb for $1M's worth?

Re: AirCover by Airbnb

#4

Post by TedShiller » Wed, Nov 10, 2021, 4:09 AM UTC

Wow, that's impressive

Re: AirCover by Airbnb

#5

Post by maddynator » Wed, Nov 10, 2021, 4:10 AM UTC

crehn wrote: post #3

So what would happen in practice if I completely trashed an Airbnb for $1M's worth?

Wouldn’t you have to have a guest rent it out via airbnb to be eligible?

Re: AirCover by Airbnb

#6

Post by [deleted] » Wed, Nov 10, 2021, 4:10 AM UTC

gennarro wrote: post #2

Perhaps a dumb question but who was handling the insurance before this? Homeowners does not cover rentals, correct? So you needed rental insurance? I’ve always seen airbnb to be too risky to do with your primary residence, which seems to greatly diminish from the efficiency of the service (and of home ownership)

[deleted]

Re: AirCover by Airbnb

#7

Post by crehn » Wed, Nov 10, 2021, 4:11 AM UTC

maddynator wrote: post #5

crehn wrote: post #3

So what would happen in practice if I completely trashed an Airbnb for $1M's worth?

Wouldn’t you have to have a guest rent it out via airbnb to be eligible?

What if I'm the guest?

Re: AirCover by Airbnb

#8

Post by gameman144 » Wed, Nov 10, 2021, 4:13 AM UTC

crehn wrote: post #7

maddynator wrote: post #5

Earlier quoted context omitted.

Wouldn’t you have to have a guest rent it out via airbnb to be eligible?

What if I'm the guest?

You would be sued for a million dollars in damages by the owner, and it would be an open and shut case.

Re: AirCover by Airbnb

#9

Post by mason55 » Wed, Nov 10, 2021, 4:20 AM UTC

gameman144 wrote: post #8

crehn wrote: post #7

Earlier quoted context omitted.

What if I'm the guest?

You would be sued for a million dollars in damages by the owner, and it would be an open and shut case.

I imagine (good) insurance would pay the owner and then file the lawsuit. Don’t think the owner would need to sue directly.

Re: AirCover by Airbnb

#10

Post by xyst » Wed, Nov 10, 2021, 4:25 AM UTC

crehn wrote: post #3

So what would happen in practice if I completely trashed an Airbnb for $1M's worth?

Straight to jail. Assets seized by insurance underwriter.