Liz Gannes

Recent Posts by Liz Gannes

Airbnb Will Now Cover up to $1M Worth of Property Damage

Airbnb is putting up some cash to build a reputation around the safety and security of its hosts’ property. The company today committed to cover as much as $1 million in damage resulting from a booking.

That’s up from the $50,000 “Host Guarantee” the company introduced last year.

The new Host Guarantee, backed by insurer Lloyd’s of London, is more like a product warranty than an insurance policy, said Airbnb Director of Customer Service Monroe Labouisse, who joined the company after a widely publicized Airbnb home-wrecking incident last year.

According to Labouisse, the million-dollar figure wasn’t chosen because the $50,000 limit was too small — in fact, there have been no significant or material claims to date, he said — but rather to further set Airbnb apart from competing rental services, which often charge a fee to cover damage.


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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus