A topic that comes up all the time is Airbnb liability insurance. Is your current policy enough? What about if you only rent a few times per year? Does that even matter? Are you even asking the right questions? And who is answering these questions you ask? Airbnb Liability Insurance Insurance is complicated.

Room and house sharing can be a tricky situation, not only for the homeowner or renter but also the guest. Figuring out how to navigate through which insurance policy you need is confusing to almost everyone. Luckily Learn Airbnb is on the case to help answer all the questions you may have. 

"What’s alarming is that it’s safe to say 95%+ of Airbnb hosts carry either a homeowner’s or renter’s insurance policy.  Why is this alarming?  A homeowner’s (HO) or renter’s policy could rightfully deny any claim involving a guest."  

Pertinant information:

• Any claim involving a business would be denied on the HO (Home Owners) form. 
• Major homeowner’s insurance carriers see short-term rentals as very High Risk and will not insure them as a business and offer commercial/business liability.
• San Francisco just passed a law to go in effect Feb. 2015 that all short-term rental owners (30 days or less) will be required by law to pay the cities 14% hotel tax, carry $500,000 in liability insurance, and register with the city.
• There are no standard occupancy restrictions on a business policy
• The business policy is designed to fully replace the current coverage you have.  You would cancel your current HO policy.

It's important that you fully understand how to protect yourself and your home. Everyone should take full advantage of the resources they provide, because if something happens and your insurance doesn't cover you, it will be too late. 

Read the source article at Expert Tips for Airbnb Hosts