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TORONTO – Airbnb is adding a new level of insurance coverage in Canada as part of wider support for people who list their properties through its service.
The online accommodation provider announced Thursday that its Host Protection Insurance program, which launched earlier this year in the United States, would be rolled out in 15 more countries.
The expanded coverage will provide compensation if a guest is injured at a property listed on Airbnb and brings a claim against the host.
The insurance could also cover damages a guest causes to the surrounding area of a property — such as accidental water damage if a pipe burst affects a neighbouring apartment.
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Coverage, which comes at no additional cost to the host, tops out at $1 million, the company said.
The Host Protection Insurance program, which will be provided through a partnership with a Lloyd’s of London participating insurer, comes after Airbnb spent four years on an agreement that satisfied the insurers, said Airbnb product lead Jonathan Golden…

Continue Reading On moneysense.ca »

Saving on car insurance is no accident: MayersDon’t wait for Ontario’s Liberals to make good on their promise to cut rates by 15 per cent. You can get faster results by helping yourself.

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