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I'd be surprised if residential renter's insurance in the US, UK, or Canada covered things done during a daily sublet of the space without some special rider po
by cestith 10y ago
I'd be surprised if residential renter's insurance in the US, UK, or Canada covered things done during a daily sublet of the space without some special rider policy. This customer should be covered well enough by AirBNB's agreement, which apparently only with the help of The Observer is actually the case.
- rdl 10y agoI think it would be easy for a policy to waive contents insurance in such a case, but a lot more challenging if it waived liability. (Otherwise, as a condo association or whatever, you could be potentially ruined if any condo owner owns a unit, has "full insurance" as required, and sublets/has a guest burn the entire building down.) Insurers have far deeper pockets than individual property owners, guests, or condo associations. It's possible the condo association would have additional liability insurance above and beyond this which would step in, though.
- mannykannot 10y agoThis is an existential risk for AirBNB, and they are not handling it well.