Airbnb and Insurance: What You Need to Know in Belgium

Renting out your property through Airbnb can be a lucrative venture, but it is crucial to have the right insurance cover. In Belgium, there are specific areas to consider to protect yourself and your property.

Insurance requirements for Airbnb Renters

Understanding basic coverage

In Belgium, as a landlord, it is essential to have insurance that covers damage to your property and liability. This can include damage caused by tenants or accidents that take place on your property. Make sure your policy covers such incidents.

Airbnb's Own Insurance

Airbnb's Host Protection Insurance

Airbnb offers a Host Protection Insurance programme that can protect hosts from liability claims. However, it is important to understand the limitations and exclusions of this cover, and whether it is sufficient for your situation.

Additional Insurance Options

Consider additional coverage

Depending on your situation and the type of property you rent out, it may be wise to consider additional insurance cover, such as comprehensive liability insurance or short-term rental insurance.

Communication with your insurer

Clarity is essential

It is important to communicate openly with your insurance company about your Airbnb activities. Insurers have clear guidelines on what is and is not covered when a property is rented out.

Regular Evaluation

Keep evaluating your policy

Insurance needs may change as your Airbnb business grows or changes. Be sure to review your policy regularly to ensure you remain adequately covered.

Final word

Proper insurance cover is essential for any Airbnb rental. It not only protects your property but also provides peace of mind. For more information and advice on insuring your Airbnb property, contact Immotokens. They offer expertise in property investment and can help you find the right insurance solutions for your rental business. Contact Immotokens to discuss your insurance needs.