While some recognised sharing economy platforms provide some form of cover or guarantee for hosts renting their property to guests. For example, Airbnb offer a Host Guarantee as well as Host Protection Insurance and Experience Protection Insurance, which may protect hosts for some loss or damage caused by guests. However it doesn’t necessarily cover you for all instances of property damage incurred during a guest’s stay. Examples of what may not be covered under covers or guarantees provided for hosts by some recognised sharing economy platforms include: Your liability to a guest or other person; Loss of rental income; Temporary accommodation; Natural perils; Identity theft; Valuable items and cash; Losses exceeding $1 million; Damages from indirect causes; and Damages from delays Thus we would recommend hosts and home owners to take out short-term rental insurance where you can to have that peace of mind.