AIR BNB HAVE YOU GOT INSURANCE

In the light of the recent trafic death of a 4 year old boy at an Airbnb has exposed an insurance pitfall for those without sprecialist cover.

Whilst the Airbnb juggernaut seems to be showing no signs of slowing down and all our Councils and Governments cannot seem to control anything, owners that are participating in airbnb should definitely explore their options with insurance.

It's bound to happen sooner or later that people will sue its the nature of the beast isnt it?

The best way for a host/landlord to protect their legal liability when they rent their property via Airbnb is to have the right landlord insurance. Typical landlord’s insurance will only insure stays longer than 90 days and usually requires copies of residential tenancy agreements, which means it won’t cover short-term stays. Those with standard (fixed-term lease) landlord cover should confirm with their insurer if it is possible to switch to short-term cover if they go down the Airbnb route. Importantly, some landlord insurers that do offer short-term coverage specifically exclude Airbnb, so landlords/agents should check their policy before accepting guests.

LANDLORDS you need a specialist short-term policy.

Contact EBM Insurance they are ahead of the game you will be able to get some sound decent advise from them.

Happy airbnb !!

MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!

SELLING MOSMAN PARK AND THE WESTERN SUBURBS!!

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