Airbnb hosts warned they may not be covered by insurance

Airbnb hosts warned they may not be covered by insurance

An insurance company is warning Airbnb hosts that they could have a claim rejected if they have not told their insurer they are using the holiday web site.

Insuremyhouse.ie says renting out a home may be deemed risky, and require an extra fee for the correct level of cover.

Failing to notify brokers or insurers could mean homeowners are left out of pocket in the event of a claim.

The claim can be rejected whether it is related to the Airbnb hosting activity or not on the basis of non-disclosure of the Airbnb use of the property.

"People have been left not only stunned, but significantly out of pocket because their claims have been denied as a result of inadequate cover," said Deirdre McCarthy, home insurance expert with insuremyhouse.ie.

"We really want to inform people and make it abundantly clear that if they rent out their home through Airbnb, then they must notify their insurer.

"Such activities would be classified as an additional risk by insurers – which is understandable considering 47% of hosts rent out their entire properties – which means they have to vacate the home for the duration of the visitor’s stay."

Around 12,000 people across Ireland are using the website to rent either rooms or the entire property.

Digital desk


More in this Section

Man, 60s, dies in crash in Co SligoMan, 60s, dies in crash in Co Sligo

PSNI chief meets businessman Kevin Lunney who was abducted and torturedPSNI chief meets businessman Kevin Lunney who was abducted and tortured

Appeal for witnesses to Limerick crash that claimed teen's lifeAppeal for witnesses to Limerick crash that claimed teen's life

RTÉ sells two paintings at Sotheby's auctionRTÉ sells two paintings at Sotheby's auction


Lifestyle

It won’t come as news to mothers-to-be that they are not eating for two, as the old saying goes, but the number of extra calories needed may come as a surprise. And it’s much fewer than you might think.Eating for two: It's quality not quantity of food that matters during pregnancy

No. It is such a small word, yet at times, something many of us find difficult to utter. The inability to say no to work, friends or family can cause so much stress in our lived lives.Learning Points: Just say no, there’s power in that little word

Fiona Kelleher has set some of the works of Múscraí poets Seán Ó Riordáin and Séamus Ó Céilleachair to music, writes Pet O'ConnellPoetry and music combine in reimagining of works of Seán Ó Riordáin and Séamus Ó Céilleachair

I fear I might be getting to that stage with my daughter Joan, who is 8, whereby I am the needy one! I fear I might be getting to that stage with my daughter Joan, who is 8, whereby I am the needy one!Mum's the word: I’m the needy one... I get the kiss off from my own daughter!

More From The Irish Examiner