Do You Need Insurance for an Airbnb UK?
How Does Our Host Insurance Work?
Property damage by paying guests
You will often find when it comes to Airbnb that guests staying often leave problems such as property damage. Can you get insurance to cover this? This is a difficult situation and not always an accident. It could be an act of malice as such and the insurance wouldn’t necessarily cover this. You would have taken a security deposit and therefore any property damage to the home should come out of this first. Best to do that before going to the Insurance Company, especially considering that they may not always pay out.
No matter how clean and careful your Airbnb guests might be you will always need to accept that not every traveler would treat your Airbnb property with as much respect as you do.
Some people are clumsy in the kitchen, they might leave you with a broken plate. Some guests might be traveling with children so they might leave greasy fingerprints on glass doors etc. These things might be disappointing to see but overall they are probably not worth making a big deal about and not worth making an insurance claim for.
There will always be the issue of “wear and tear” to take into account. For example, if a guest spills red wine on your carpet but the carpet is already stained do you really have grounds to make a claim against them? This is something that the insurance may well cover.
Examples of “wear and tear” are:-
• Minor scuff marks on the walls from moving luggage in and out of the hallways
• Old furniture or appliances breaking
• Makeup residue left on hand tails or face washcloths
• Limescale around the walls of the shower
• Tears in aging rugs or curtains
What does property damage mean?
These are cases that are very black and white when it comes to damage to your Airbnb property. For example if an Airbnb guest knocks over a bottle of nail polish on to your sofa. Or if they drop something heavy that makes a hole in your floorboard. Maybe they can reverse their car over your newly landscaped garden. Or steal something that belongs to the property like electrical goods. In this instance it is important that you are aware that any security deposit you may have taken is used first. Any insurance company will have an excess and you are not always going to gain back the insurance you are going to get.
You also need to be aware if you are letting on Airbnb whether it becomes a long term let or not.