Sunday, 25 June 2017
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albufeiramarinaAirbnb is upping its offer in the competitive world of short term property rentals by offering its property owners free liability insurance.

The online platform that connects people seeking accommodation with those who have the space is popular in Portugal which now joins 15 other countries that the US company automatically covers with its insurance offer.

This insurance protection for hosts has been available only in the US so far and since January this year Airbnb’s clients have been covered for up to USD 1 million.

The insurance covers accidents and damage and comes into effect in Portugal today, October 22nd. Airbnb customers need take no further action.

Those offering their properties for rent can keep their existing liability insurance, should they have any, and compare cover details and prices.

The extension of this coverage to 16 countries means Airbnb covers a million properties worldwide and the management is looking at expanding the cover to the remaining 60% of its customers in other territories.

Countries covered with free insurance cover are Australia, Canada, China, France, Germany, India, Ireland, Italy, Japan, Netherlands, New Zealand, Portugal, Singapore, Spain, UK and the USA.

The vast majority of properties in Portugal that are rented out by their owners are not registered with the government despite exhortations to do so by a Secretary of State who is increasingly out-of-touch with the segment he is serving.

Property owners should register with the government, despite the incionvenience and bureaucracy, but the question remains - if there is an serious accident and the property was not properly registered for rentals, will the insurer pay out?

 

For information on Alojamento Local registration in Portugal, see the Nalle website:

http://nalle.pt/

 

 

 

Comments  

+1 #2 Joao Martins 2015-10-22 19:17
Quoting Maxwell:
This was always the great weakness of so many north Europeans in Portugal - that they come from a business world where insurance is directly linked to having a licence. So the great effort to get a licence and instead getting a breakdown.

In Portugal, as any insurance salesman will tell you, insurance for the elder generation always depended on the will of Allah. Time and again after a fire you will hear the Portuguese TV interviewer asking the old man or woman what they have lost. They list buildings, tractors, livestock etc - none ever say "But it was insured" Because it wasn't.


Portuguese citizens are being taxed out of their megre wages and saving, where will the extra money come from THEN if there is an insurance claim,, will they pay, think and act like a Portuguese, then you will see the picture.
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-1 #1 Maxwell 2015-10-22 16:45
This was always the great weakness of so many north Europeans in Portugal - that they come from a business world where insurance is directly linked to having a licence. So the great effort to get a licence and instead getting a breakdown.

In Portugal, as any insurance salesman will tell you, insurance for the elder generation always depended on the will of Allah. Time and again after a fire you will hear the Portuguese TV interviewer asking the old man or woman what they have lost. They list buildings, tractors, livestock etc - none ever say "But it was insured" Because it wasn't.
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