Home-sharing platforms such as Airbnb, Flipkey, HomeAway, VRBO are becoming increasingly popular in Canada. So if you already home-share or considering it, you should think about insurance protection.
Fact: 51% of Canadians were unaware that their insurance wouldn’t cover the losses or damage that could occur**
What is home-sharing insurance?
Designed for people who rent their homes on a short-term basis through a home rental network such as Airbnb, Flipkey, and HomeAway, it covers:
- liability arising out of the short-term rental
- loss or damage to buildings and personal property
- intentional acts, criminal acts, or failure to act by a guest
- loss or damage to a guest’s property up to $1,500
- fair rental value (loss of rental income)
Choose from these coverage options, based on your rental activity:
|Option 1:||Rent your entire home for up to 90 days.|
|Option 2:||Rent your entire home for up to 180 days.|
|Option 3:||Rent a portion of your home (eg a room, basement) to multiple short-term guests year-round.|
|Option 4:||Rent your income property to short-term guests year-round. This coverage is also available as a standalone policy, even if your primary residence is not insured with Aviva.|
Options 1-3 are available for homeowners, condo owners, and seasonal/secondary home and condo owners.
Option 4 is only available for rental income property owners.
- Not intended for long-term rentals to one individual or annual lease situations.
- Designed for hosts who rent their home or a portion of their home on a short-term basis, multiple times, to different individuals throughout the year.
- The rental must be managed through a home rental network or a professional property management company.
For more information, give us a call (888)-385-8466 or fill out the quote request form on the right and a representative will reach out to you.
**In September 2016, Aviva Canada commissioned a targeted survey of over 2,000 Canadians, ages 25+, who are currently home insurance consumers, or planning to purchase home insurance over the next five years.