FAQ
What risks am I exposed to when using sharing economy platforms? Why might I need cover?
Renting your property always involves risk.
When using sharing economy platforms like Airbnb, Bookabach, or TripAdvisor, there are risks associated with having a guest stay in your property, which may include: theft of your personal belongings; identity theft; accidental or malicious damage done by guests; loss of rental income; and liability. This list is by no means exhaustive.
But crucially, while there are some things hosts can do that may minimise risk - click the relevant FAQ 'How do I minimise risk of damage to my property during a stay?' for more information - ultimately the safety of your property can never be guaranteed.
That’s why ShareCover exists - to cover you against certain risks associated with having a guest in your property, which may not be covered by your standard home and contents insurance, landlord insurance policy, or by the guarantees and covers provided by certain recognised sharing economy platforms. ShareCover offers peace of mind that you're insured when you rent your property on recognised sharing economy platforms.
For more details on what is and isn’t covered by ShareCover, see our Product Disclosure Statements. And to find out what you are covered for under your existing insurance arrangements, refer to those policies.
Related Questions
- Renting with sharing economy platforms like Airbnb, Bookabach & TripAdvisor - how safe is it?
- Do sharing economy platforms like Airbnb, Bookabach and TripAdvisor provide insurance?
- Am I automatically insured if I have a company who manages my property?
- How does ShareCover give you peace of mind when hosting on sharing economy platforms like Airbnb, Bookabach or TripAdvisor?
- How do I minimise risk of damage to my property during a stay?
ShareCover is issued by IAG New Zealand Limited, a wholly owned subsidiary of Insurance Australia Group, Australasia’s largest general insurer. When making decisions about a product, always read the Product Disclosure Statement (PDS). You should carefully read the Product Disclosure Statement (PDS) and all policy documentation for more details.
ShareCover Enterprises is owned by Insurance Australia Limited and is not related to either Airbnb, Bookabach, Booking.com, TripAdvisor, Spacer, and Uber. References to these platforms on this website do not constitute an endorsement by these platforms of ShareCover nor an endorsement of these platforms by ShareCover; nor IAG being partnered with these platforms.
