Insuring the sharing economy: Issues raised by the advent of Airbnb

The article discusses some of the issues around insurance for hosts providing accommodation on Airbnb:

  • Risks for hosts when listing their property on Airbnb – property damage and liability in relation to injury or death;
  • Insurance coverage and other protections offered by Airbnb itself, and the lack of transparency around these;
  • Potential issues with hosts relying on their existing home and contents and landlords insurance;
  • New products released by insurers, designed to address the novel situation posed by platforms like Airbnb – such as IAG’s ‘ShareCover’; and
  • Advertised exclusions from the new products, and how such exclusions may come into play given the regulatory patchwork governing short term holiday accommodation.

Significant cases, legislation or articles referred to:

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