Insurance guarantees from both rental agencies are there to make owners feel better about renting their places to strangers, but it's the owner and his or her own insurance company who will be the first to pay when things go wrong.
Is Airbnb’s new $1 million Host Guarantee more fluff than substance?
That’s the viewpoint of a HomeAway co-founder and also an insurance executive at CBIZ Insurance Services, a major vacation-rental insurer, both of whom think the Airbnb guarantee is relatively empty when it comes to additional coverage.
What Does the Future of Lodging Look Like?
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