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As a home owner and someone who has used airbnb, trust me, $50k will more than cover everything in pretty much every place airbnb rents out. Just because somep
by drgath 15y ago
As a home owner and someone who has used airbnb, trust me, $50k will more than cover everything in pretty much every place airbnb rents out.
Just because someplace costs $200k doesn't mean it costs $200k to rebuild from the ground up (a lot is in property, structure, etc...). Realistically, you'd really have to try hard to do $50k+ damage to a typical airbnb property without the cops being called as it is happening.
- ScottWhigham 15y ago"Just because someplace costs $200k doesn't mean it costs $200k to rebuild from the ground up " In Dallas (where I live), a structure usually costs much more to tear down and rebuild new than it is currently worth. For example, you might get a mortgage on a $250,000 10yo house here yet your insurance will be for $375,000 for that reason.
- drgath 15y agoTrue. I was just thinking of typical airbnb apartment rentals, where the property owner only owns the "walls-in" portion of the unit.
- shoota 15y agoYet a renter will still be held responsible by the owners of the building if anything outside of their possessions is destroyed.
- Duff 15y agoOnly if they are negligent or worse. Landlords carry insurance on the structure. Tenants are responsible for contents of their apartment. Hopefully if you rent and use Airbnb, you have a renter's insurance policy with high liability limits.
- deleted 15y ago[deleted]
- Robin_Message 15y agoI'm not saying they are, but I'm sure if the structure was destroyed by a sub-letter there is a good chance the landlord's insurer would allege the tenant was negligent.
- moe 15y agoRealistically, you'd really have to try hard to do $50k+ damage I think tipping over a candle should do that nicely. Not much effort needed.