No one is unaware that having insurance is essential on a daily basis. In addition, good insurance will allow you to better deal with problems when they arise. This also applies to vacation rentals and Airbnb. Accommodation rented on Airbnb will necessarily accommodate many people over the weeks and months and the chances of seeing an unforeseen event arise are multiplied. For this, Airbnb offers its insurance for owners, AirCover, to offer insurance accessible to all and protect you against the most common damage.
What is the AirCover program for hosts?
The AirCover program consists of insurance made available to owners renting their property through Airbnb. Be careful though: the insurance applies as soon as you welcome travelers. In their absence, the only use of the online platform does not give access to this insurance. Completely free, it applies automatically when your accommodation is rented. AirCover incorporates damage and liability insurance, both up to US$1 million.
Damage coverage for Airbnb hosts:
As its name suggests, this warranty protects hosts (owners) against damages caused by tenants. Up to $1 million, this guarantee covers the accommodation, the goods therein but also what constitutes your personal effects as a whole. Host damage coverage covers damage caused to accommodation or personal effects by a guest, unforeseen cleaning costs due to a guest's behavior, loss of income in case of cancellations of reservations due to damage caused by a traveler.
However, the guarantee does not apply to damage related to normal wear and tear of the accommodation, losses due to natural disasters, damage and material damage suffered by travellers, etc.
Guest Liability Insurance:
By welcoming travelers to your home, as in other times of your daily life, your civil liability may be engaged. Liability insurance is intended to cover you in the event that a traveler is injured or has their personal effects stolen or damaged during their stay with you. This insurance covers bodily injury to a traveler, damage to or theft of property belonging to a traveler, and damage caused by a traveler to common areas or nearby properties.
Exclusions apply: damage or injury suffered as a result of an intentional act, damage caused to your accommodation or your personal effects, etc.
« Airbnb insurance is obviously a great thing. It provides security for owners and their tenants throughout their stays. However, its scope of application is limited to specific situations and it does not exempt itself from personal insurance. This must be studied closely with your insurance company to ensure complete prevention adapted to your needs. » emphasizes Michaël, director of our concierge in Cannes
Your personal insurance remains essential to rent on Airbnb:
As the Airbnb site specifies, your home and civil liability insurance remains essential to your daily life. AirCover does not apply at all times or in all situations. It acts as general and tailor-made coverage for Airbnb rental, to offer risk prevention to owners and their tenants, but is not intended to evade your personal insurance. It is strongly recommended that you find out from your insurance company about the damage covered by your contract, the terms of application but also the cases where it does not apply.
We draw your attention to the fact that your insurance is the only way to protect yourself against damage that may be caused to you or that you could cause, in spite of yourself, to your tenants. The choice of a complete insurance adapted to your case is therefore essential to approach the short-term rental calmly and to have all the cards in hand to react calmly in the event of a problem.
