airbnb Hosts Can Now Purchase Reasonably Priced Third-party Insurance for Short-term Rentals

Peers offers home insurance and vehicle replacement policies for the gig economy

From The San Francisco Business News, December 4, 2014

Peers’ home rental liability insurance policy, which works for any short-term rental platform, provides for up to $1 million for personal injury or damage to property sustained by a renter. That is the same amount that San Francisco-based Airbnb recently began giving its users. Peers’ policy also includes compensation for lost income up to $5,000 as a result of damage to a home by a renter or their invitee. It costs $36 per month, can be purchased for a single month and is available nationwide from insurance broker Porter & Curtis, LLC. It is underwritten by United Specialty Insurance Co.