Airbnb will cover up to $1 million in damage to homes
After the story of a ransacked home surfaced last year, accommodations marketplace Airbnb has decided to offer hosts security with promises of more money.
Airbnb committed to covering up to $1 million in damage resulting from a booking, up from its $50,000 "Host Guarantee," the company announced today.
It said the host guarantee, backed by Lloyd's of London, is not insurance, and it doesn't cover cash and securities, collectibles, rare artwork, jewelry, pets and personal liability. The company called the move "an unmatched level of protection in the industry."
When asked for comment, … Read more
