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I am confused. Isn't something like this covered in your home owner insurance? I mean yes they would not pay for your "Lost revenue" but everything else includi

I am confused. Isn't something like this covered in your home owner insurance? I mean yes they would not pay for your "Lost revenue" but everything else including a hotel for you to stay while the house is being fixed is payed by the insurance.

Macha 3y ago
Home owner insurance may not pay out if it's a regular "I live here" policy but actually you've been renting it out.
ejstronge 3y ago
Landlord property insurance policies do actually cover loss of rents - maybe the OP’s policy doesn’t have a landlord endorsement
jonkho 3y ago
Yes every homeowner at this point would be confused how this is not just a straight up accidental water damage claim. She has a mortgage so insurance is a must. This story sounds fishy.
- sokoloff 3y ago
  I have ordinary homeowners insurance that will cover me if I’m an idiot in my own house that I live in, or if a casual guest is an idiot. That same insurance should tell me to pound sand if I’m renting the property out to paying lessees and one of them damages my property.
  - jonkho 3y ago
    This was a multi unit property. No way the lender/mortgage company would allow a policy that didn’t cover rental use.
    - ceejayoz 3y ago
      There might not be a lender/mortgage. "I used my life savings to buy the building." Policies can cover long-term rental but forbid/exempt riskier AirBnB-style short-term ones.
      - sokoloff 3y ago
        She talks about expecting AirBnB to cover her mortgage payment in one of the tweets, so there probably is a mortgage. It's less clear that this is legally a multi-unit building (as opposed to multiple single-units). If I own half a duplex, a third of a triplex, or a townhouse, I can insure the unit I live in on a residential policy. Surely the owner of a townhouse/rowhouse doesn't need to carry insurance on their neighboring unit.
- deleted 3y ago
  [deleted]
CPLX 3y ago
Yeah there’s something wrong with this story. It’s not at all clear that a clogged toilet automatically results in hundreds of thousands of dollars in liability. How long did the water flow through the house before being detected? Was anything done to mitigate it, and so on. Either way why isn’t the claims adjuster handling this. This sort of thing is exactly what insurance companies and attorneys are for. Not sure why this lady thinks social media should have anything to do with this.
iterminate 3y ago
Most insurance is invalidated by operating outside of the very narrow boundaries. For example, car insurance is often invalidated by driving for uber. If you're generating revenue from your property (home, car) then you need specialist insurance which is much more expensive for this very reason. Presumably the author of this story chose to believe the most convenient version of reality: that Airbnb's "AirCover" was a suitable replacement for landlord's insurance -- but it is not reality, oops.

Macha 3y ago

Home owner insurance may not pay out if it's a regular "I live here" policy but actually you've been renting it out.

ejstronge 3y ago

Landlord property insurance policies do actually cover loss of rents - maybe the OP’s policy doesn’t have a landlord endorsement

jonkho 3y ago

Yes every homeowner at this point would be confused how this is not just a straight up accidental water damage claim. She has a mortgage so insurance is a must. This story sounds fishy.

sokoloff 3y ago
I have ordinary homeowners insurance that will cover me if I’m an idiot in my own house that I live in, or if a casual guest is an idiot. That same insurance should tell me to pound sand if I’m renting the property out to paying lessees and one of them damages my property.
- jonkho 3y ago
  This was a multi unit property. No way the lender/mortgage company would allow a policy that didn’t cover rental use.
  - ceejayoz 3y ago
    There might not be a lender/mortgage. "I used my life savings to buy the building." Policies can cover long-term rental but forbid/exempt riskier AirBnB-style short-term ones.
    - sokoloff 3y ago
      She talks about expecting AirBnB to cover her mortgage payment in one of the tweets, so there probably is a mortgage. It's less clear that this is legally a multi-unit building (as opposed to multiple single-units). If I own half a duplex, a third of a triplex, or a townhouse, I can insure the unit I live in on a residential policy. Surely the owner of a townhouse/rowhouse doesn't need to carry insurance on their neighboring unit.
deleted 3y ago
[deleted]

CPLX 3y ago

Yeah there’s something wrong with this story. It’s not at all clear that a clogged toilet automatically results in hundreds of thousands of dollars in liability. How long did the water flow through the house before being detected? Was anything done to mitigate it, and so on. Either way why isn’t the claims adjuster handling this. This sort of thing is exactly what insurance companies and attorneys are for. Not sure why this lady thinks social media should have anything to do with this.

iterminate 3y ago

Most insurance is invalidated by operating outside of the very narrow boundaries. For example, car insurance is often invalidated by driving for uber. If you're generating revenue from your property (home, car) then you need specialist insurance which is much more expensive for this very reason. Presumably the author of this story chose to believe the most convenient version of reality: that Airbnb's "AirCover" was a suitable replacement for landlord's insurance -- but it is not reality, oops.