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Our recent report identified that 100% of UK insurers do not provide comprehensive cover for property owners doing Airbnb or short lettings on similar sharing platforms as standard, meaning that property owners and guests could be at risk if they need to make a claim.
There is an insurance gap for property owners doing short term letting. So, being able to offer a comprehensive insurance package to your clients will help them protect their assets and could give you an advantage over competitors that do not offer this service.
Many platforms such Booking.com don’t provide cover for listings on their platform. The cover that Airbnb provides is limited.
We are excited to be discussing at ‘Host 2019’ our new, ‘Host Portfolio Products’.
If you manage or list multiple properties and require a simple solution that protects your clients with the minimum effort, we can provide you cover under a single policy that allows you to add properties when needed without the hassle of them needing to take out the extra cover themselves.
Our portfolio cover allows you as the platform or property manager/agent to take out an insurance policy to cover some or all of your listings or properties when they have bookings, protecting your property owners from property damage and liability when you share your property. This means you could include insurance as standard within your service offering to hosts as part of a trust and safety package (this could also include guest verification).
This enhanced safety feature can encourage new host sign-ups and also allow some property managers to maximise your commercial benefits by providing an enhanced service package offering to your clients.
We are an award-winning specialist insurance provider for the sharing economy, recognised by the insurance industry for the innovative propositions we have created by winning Start-Up and Digital Broker of the Year 2019. We provide comprehensive cover for short letting with the option of no minimum claim limits, and the choice of pay-on-use or annual policies.
Please contact 0800 254 5268 to speak with one of our experts or email firstname.lastname@example.org
*For full policy terms and exclusions please read our policy wording