AirBNB.com has become a popular way for people to rent out their homes to either earn some additional income or to take a trade. It is particularly popular around the holidays. If you don’t plan on being around for the holidays, placing your home up on AIrBNB.com could be advantageous, but you want to know how it will affect your homeowner’s insurance.
If you are going to be using AirBNB.com, you have to remember that there are going to be strangers in your home. You want to make sure you trust the people in your home as they could cause significant amounts of damage.
When you are going to rent out your house, these people are going to have access to everything. If something is stolen, you cannot report it as theft because they were guests of your home. On the same token, if they were to be injured in your home, they are guests and therefore you are liable for them.
This is when your homeowner’s insurance policy comes in. What does your policy cover and what doesn’t it cover? It’s absolutely okay to use AirBNB.com, but you need to know about the policy in the event that you have to file a claim upon coming home.
It won’t be possible to report anything stolen since they were guests. If they were injured, it may also not be possible to report because you were not there to supervise. Now, if something else happened, such as a roof leak or something else that would have happened whether you were there or not, then it could be something to claim.
When in doubt, you may want to review the policy of your homeowner’s insurance in detail before you turn your home over to strangers who you found on AirBNB.com for the Christmas season. This will ensure that you are protected against anything that could go wrong.