As we reported last week , it has given its Home Protection Insurance programme a boost , increasing its liability insurance coverage to $ 1mn in an effort to attract new hosts to the short - term home rental market . However , some insurance brokers are critical of the new coverage , and feel that it ' n’t be considered an all - inclusive solution . “ In actuality , they ’re providing what would typically be available already ” said Daniel Mirkovic , Co - Founder and President of Capital Home 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, Airbnb has given its Home Protection Insurance 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 Daniel Mirkovic, Co-Founder 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.”