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If you’re planning a trip and booking your accommodations through Airbnb, you may be wondering about travel insurance. After all, unexpected events can happen, and having travel insurance can give you peace of mind knowing that you’re protected.
Fortunately, Airbnb offers travel insurance options to its users. Here’s everything you need to know about travel insurance through Airbnb.
What is Airbnb Travel Insurance?
Airbnb offers two types of travel insurance:
- Host Protection Insurance
- Guest Cancellation and Refund Policy
Host Protection Insurance protects hosts from liability claims that may arise during a guest’s stay, while Guest Cancellation and Refund Policy provides coverage to guests for cancellations due to unforeseen circumstances.
How Does Host Protection Insurance Work?
Host Protection Insurance provides primary liability coverage for up to $1 million per occurrence in the event of third-party claims of bodily injury or property damage. This coverage is available to hosts in over 190 countries worldwide.
To be eligible for Host Protection Insurance, hosts must meet certain requirements, including:
- Having an active Airbnb account in good standing
- Being the owner or leaseholder of the property being rented
- Not engaging in any commercial or business activity related to the rental
- Meeting local laws and regulations regarding short-term rentals
How Does Guest Cancellation and Refund Policy Work?
Guest Cancellation and Refund Policy provides coverage to guests for cancellations due to unforeseen circumstances, such as illness, severe weather, or travel restrictions.
Under this policy, guests may be eligible for a refund of the booking cost, as well as any fees associated with the booking, such as cleaning fees or service fees. The amount of the refund depends on the specific circumstances of the cancellation and the host’s cancellation policy.
How to Purchase Airbnb Travel Insurance
To purchase Airbnb travel insurance, you simply need to select the option for Host Protection Insurance or Guest Cancellation and Refund Policy when booking your stay. The cost of the insurance is included in the booking fee.
Note that Airbnb’s travel insurance options are not available for all bookings. The availability of these options may depend on factors such as the location of the rental, the length of the stay, and the number of guests.
What is Covered by Airbnb Travel Insurance?
The specific coverage provided by Airbnb’s travel insurance options can vary depending on the policy and the circumstances of the claim. However, some common types of coverage include:
- Property damage caused by guests
- Bodily injury or property damage to third parties caused by guests
- Cancellations due to unforeseen circumstances
- Lost or stolen personal property
What is Not Covered by Airbnb Travel Insurance?
While Airbnb’s travel insurance options can provide valuable protection, there are some things that are not covered. These may include:
- Intentional acts of damage or harm
- Losses due to illegal activities
- Losses covered by other insurance policies
- Disputes that arise between guests and hosts
Conclusion
If you’re booking your accommodations through Airbnb, it’s important to consider travel insurance options to protect yourself in case of unexpected events. Airbnb offers Host Protection Insurance and Guest Cancellation and Refund Policy to provide coverage for both hosts and guests. Be sure to read the policies carefully to understand what is and is not covered, and to determine which policy is right for you.