Airbnb provides me with insurance that covers each guest up to $1 million. Last May, Airbnb contacted me to join a pilot program - they said they would still insure me regardless, but asked if I would look into getting my own individual insurance policy. Airbnb offered a $500 cash-back stipend to pay for the premium, which ended up costing me only $990 annually (I might have gotten a great deal!). My personal policy also provides another $1 million in coverage, per guest. In the case I was faced with a claim beyond $1 million, Airbnb’s policy would then kick in.