Airbnb: Suprising things your travel Insurance may not cover you for!

Travel bag with insurance tag and tourist accessories

Airbnb has become such an easy, affordable, go-to option for holiday accommodation that many travellers have ditched traditional hotels altogether. But when things go wrong, many people assume travel insurance will cover all aspects of their Airbnb rental in the same way as a hotel stay — but actually, it won’t. And it’s important to be across it because if you’re not clear on your rights, you may be knocked back from an insurance claim.

Before you hop on board the home sharing train make sure you understand the circumstances that you are and aren’t covered for. Here are the biggest misconceptions and incorrect assumptions that cause expensive problems for travellers when something goes wrong on their holiday.

THAT YOU’RE COVERED FOR ROBBERY

Travel insurance generally covers travellers struck by theft in their hotel room. But in some cases of Airbnb renting, they’re not, specifically if you are sharing your accommodation with others, who are not in your travel party, you would need to keep your belongings locked and secured in order for them to be covered. The same goes for any type of shared residence, like a hostel dorm room or a share-house situation.

Even leaving your things with the hotel concierge after you check-out puts you at risk — insurance may not cover you for that. Travellers need proof of purchase when making a claim for items that have been lost or stolen. Not only is the onus on you to keep your property safe and secure at all times, but be prepared to provide some evidence of its value and ownership.

“Without this insurers cannot reasonably reimburse you for your belongings.”

THAT YOU’RE COVERED FOR LAST-MINUTE CANCELLATIONS

Cancellations by the property host is the number one complaint from Airbnb guests. And while it is frustrating, expensive and sometimes a bit scary to be suddenly left without a place to stay, it can also be disappointing as far as travel insurance is concerned. Simply, travel insurance doesn’t cover the cost of a last-minute cancellation by an Airbnb host.

There are steps you can take to avoid being out of pocket.:

  1. Scope out some alternative hotels in advance and check whether they offer full refunds; it may be worth having a backup booking in case.
  2. Make sure you research and check reviews on Airbnb before taking the plunge with a booking.
  3. If a booking seems too good to be true or a host’s response time is poor, use your better judgment and question whether you’re prepared to take the risk!

THAT YOU’RE COVERED IF YOU HAVE TO CANCEL

If the traveller has to ditch the Airbnb booking — as opposed to the host — the associated costs are not automatically covered by travel insurance. Travellers would need a comprehensive policy and could only cancel for an unforeseen reason that was specifically covered.

If circumstances force you to cancel, not your host, a comprehensive policy would generally refund your accommodation and travel costs. A last-minute illness or injury, the death of a close relative or a natural disaster would all fall under this benefit. Regardless of where they were staying, travellers needed to make sure they were familiar with their insurance policies.

Take the time to read through your insurance documents and ask any relevant questions — it’s worthwhile no matter your destination.

Misapprehensions over your cover could set consumers up to fail. Before you make any upfront payments, do your homework so you can enjoy your adventure, anxiety free.

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