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Right. The insurance problem is the reason why I am hesitant to use these kinds of services (airbnb, peer-to-peer car rental, car-pooling apps). When something
by pachydermic 13y ago
Right. The insurance problem is the reason why I am hesitant to use these kinds of services (airbnb, peer-to-peer car rental, car-pooling apps). When something goes wrong, what happens? It just freaks me out - not that companies conforming to existing norms and regulations won't try to screw you over either.
- rosser 13y agoNot advocating for them, just sharing information: After a widely publicized issue in 2011 where a renter trashed a host's apartment, Airbnb started carrying a $50K insurance policy covering guest-incurred damage, which was subsequently raised to $1M.
- deleted 13y ago[deleted]
- _delirium 13y agoI'm also wary for those reasons, but I believe AirBnB at least is making some efforts to do something about it (granted, after some bad PR [1] spurred action). They initially offered a $50k-per-host indemnity [2], and have since upped it to a $1m-per-host indemnity [3]. Assuming they'll reliably stand behind it (rather than get out of it via fine print, e.g. in cases of illegal sublets, which are common on their marketplace), that seems like a responsible approach to managing some of the risks their business opens up. [1] https://news.ycombinator.com/item?id=2813956 https://news.ycombinator.com/item?id=2813956 [2] http://latimesblogs.latimes.com/technology/2011/08/airbnb-insurance-guarantee.html http://latimesblogs.latimes.com/technology/2011/08/airbnb-in... [3] https://www.airbnb.com/guarantee https://www.airbnb.com/guarantee