09/01/2018
Airbnb Hosts May Not Be Covered On Home Insurance
Concerns have been raised in relation to people who rent out their property through Airbnb.
According to Insuremyhouse.ie, their property may not be covered on the general home insurance policy in the event of a claim.
Around 12,000 people across Ireland are using the website to rent either rooms or the entire property.
Deirdre McCarthy, home insurance expert at Insuremyhouse.ie, said: "We really want to inform people and make it abundantly clear that if they rent out their home through Airbnb, then they must notify their insurer.
"Such activities would be classified as an additional risk by insurers – which is understandable considering 47% of hosts rent out their entire properties – which means they have to vacate the home for the duration of the visitor's stay."
(CD/JP)
According to Insuremyhouse.ie, their property may not be covered on the general home insurance policy in the event of a claim.
Around 12,000 people across Ireland are using the website to rent either rooms or the entire property.
Deirdre McCarthy, home insurance expert at Insuremyhouse.ie, said: "We really want to inform people and make it abundantly clear that if they rent out their home through Airbnb, then they must notify their insurer.
"Such activities would be classified as an additional risk by insurers – which is understandable considering 47% of hosts rent out their entire properties – which means they have to vacate the home for the duration of the visitor's stay."
(CD/JP)
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