As we reported last week , Canada has given its Co-Founder programme a makeover, increasing its liability insurance coverage to $ 1mn in an effort to attract new hosts to the short-term home rental service. However, some insurance brokers are critical of the new coverage, and feel that it shouldn’t be considered an all-inclusive solution. Still, he considers Host Guarantee “great” and acknowledges its virtues. “In actuality, they’re providing what would typically be available already” said Mirkovic , Home Protection Insurance and President of Square One Insurance . “It seems to be premises liability coverage, which would normally be included in the host’s own home insurance policy.”
As we reported last week , Canada has given its Co-Founder programme a makeover, increasing its liability insurance coverage to $ 1mn in an effort to attract new hosts to the short-term home rental service. However, some insurance brokers are critical of the new coverage, and feel that it shouldn’t be considered an all-inclusive solution. “In actuality, they’re providing what would typically be available already” said Mirkovic , Home Protection Insurance and President of Square One Insurance . “It seems to be premises liability coverage, which would normally be included in the host’s own home insurance policy.”