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Converting your Home into an Airbnb: Are you Protected?

Lussier Dale Parizeau | August 16, 2019
In recent years, the number of international travellers has continued to increase. However, not all travellers can afford to stay in a hotel room for the duration of their stay and that is why many are turning to alternatives. It is from this need that Airbnb, a web platform, was born, which is still gaining popularity among travellers and owners. Are you leaving for a long period of time or do you own a second home and want to transform this vacant space into an Airbnb?  Here's what you need to do first!

Ask for More Information

When you register with Airbnb, you must create your profile and set up the offer that will be visible to users. When building your profile, establish clear rules that visitors should refer to and that will help you reduce the risk of damage to your home and maintain some control. For example,

  • Establish a time of arrival, departure and a fixed curfew
  • Prohibit animals
  • Do not allow candles and other items to be lit in closed rooms
  • Limit the number of people who can be in the house
  • Establish clear payment terms and conditions
  • Prohibit travellers from smoking indoors

Also, when you register, make sure you read all the terms and conditions that Airbnb states so that you don’t have any unpleasant surprises in the event of a problem. You can also encourage people to contact you when they book your home, creating a trusting relationship with them.

Protect Yourself

In addition to the protections offered by Airbnb, be sure to consult your broker to ensure that you have adequate coverage. This way, you will be assured of a protection that fits your home and your needs. Usually, any short or long term lease changes the rules of your residential contract. Indeed, it may be that some of the coverage you have may no longer be available such as a sublease, which automatically generates more risks for you and your insurer.

Some coverage is not to be neglected when you undertake to sublet one of your homes. Indeed, civil liability and insurance covering any material damage is required when travellers you do not know settle in your home.

When it comes to your home, take the necessary steps to ensure that you are adequately protected. Feel free to contact our professionals for a quote or more information.

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Lussier Dale Parizeau

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