Consumer Alert: Airbnb
With two major national events coming to Pennsylvania this
summer, and the usual increase in tourist visits to the state for family
vacations, Commissioner Miller is alerting consumers to make sure they have
proper insurance coverage if they are planning to use Airbnb or another home
Pennsylvania will host the U.S. Open Golf Tournament at
Oakmont Country Club near Pittsburgh in June, and the Democratic National
Convention in Philadelphia in July.
Philadelphia also typically attracts thousands of visitors to celebrate
the 4th of July. Other
popular summer sites in the state include Hershey Park, Gettysburg, and Lake
Erie’s Presque Isle State Park.
Both hosts and guests need to have proper coverage.
Hosts renting their house or a room in their house should
talk to their homeowners insurer. Most
homeowners policies do not cover commercial use of the home, so an additional
policy may be needed. Airbnb provides up
to $1 million in liability and $1 million in property damage coverage, but both
have some exclusions and limitations, so hosts using Airbnb should talk with
that company about specific coverages.
Hosts using other services should check to see if liability or property
coverage is available.
Guests should consider getting renters insurance if they
don’t have it, or check to see if their homeowners or renters policies cover
their possessions when they travel.
Both hosts and guests should take pictures and thus document
any damages that take place.
The National Association of Insurance Commissioners also has
more information on home