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02/11/2017

Airbnb and insurance, it’s not what you think

The benefits of using Airbnb to let property are myriad but many homeowners and their brokers don’t consider the insurance implications of using this hospitality service.

The average South African homeowner rents his or her home on Airbnb for 16 days per annum and earns R28 000 from this service, according to Airbnb statistics; Airbnb generated roughly R2.4 billion in total economic activity across South Africa in 2016. It is big business but there are risks attached to opening your door to foreign guests.

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