Airbnb offers Host Protection Insurance that covers Airbnb hosts as well as property owners worldwide. It mostly focuses on protecting the host and/or property owner against liability when claims are brought by third parties, like a next-door neighbor and also including guests that remain at the location. Coverage runs up to $1 million USD per occurrence in the event of building damages or personal injury.
Featured in the insurance are common spots like lobbies or lifts. Airbnb insurance is mainly liability insurance that shields the host, property owner or homeowners association from claims brought by a visitor to cover things like damages to the building or an accident endured throughout their stay in the residence. There are lots of things, nevertheless, that are not covered by Airbnb insurance coverage.
The Airbnb Host Protection plan is only for liability as specified above. It does not include points such as residential property damage that is willful, rather than accidental. Nor does it protect property damages such as mold or air pollution. And it also does not cover loss of earnings. So imagine if a flood or fire takes place during a visitor's stay and you are unable to rent the space till mitigation is complete. Not having insurance coverage to compensate you for both damages to the property or loss of income can be devastating to your revenue.