What is the Peerspace Host Insurance Policy?

Our coverage is known as General Liability (GL) insurance, which protects hosts from lawsuits brought by third parties, such as guests, alleging liability for bodily injury or property damage incurred during a booking. The coverage is provided for all Peerspace bookings that comply with our Peerspace Services Agreement and includes a liability limit of $1,000,000 (or £1,000,000 for hosts in the United Kingdom) for all Peerspace bookings.

Conditions, limitations, and exclusions may apply.

What is protected?

Property Damage

Loss or damage to others’ property for which a host may be legally liable for (including rented property) during a Peerspace booking (“Third Party Damages”).

Bodily Injury

Injuries to persons for which a host may be legally liable for during a Peerspace booking.

Medical Payments

Payments to cover medical expenses incurred by the injured parties when no liability has been established

Host Liquor Liability

Bodily Injury or Property Damage arising out of serving or distributing alcoholic beverages during a Peerspace booking as long as you are not in the business of selling, serving or furnishing alcoholic beverages.

Legal Defense

Costs a host may incur in legal expenses as a result of any of the above claims made against the host.

How does this compare to business or homeowners insurance?

Peerspace has designed a policy specifically tailored to provide coverage for short-term space use. This policy supplements and expands the coverage available under the host’s existing business or homeowners policy. We automatically provide this insurance to hosts for no additional charge on all Peerspace bookings to allow hosts to accept transactions with peace of mind. This insurance is not a replacement for insurance that hosts normally carry on their business or residence (i.e. a homeowners, or commercial general liability policy).

Who is covered by Peerspace Host Insurance?

All Peerspace hosts are covered for all bookings that have been transacted through the Peerspace platform and adhere to the Peerspace Services Agreement. Bookings made outside the Peerspace marketplace are in violation of this agreement and will not qualify for this insurance coverage. As a result, we strongly recommend that hosts keep all messaging and transactions solely through the Peerspace platform for hosts’ safety, support, and protection.

What is not covered?

This General Liability has limitations and exclusions. The following are the most applicable exclusions however please note that this list is not exhaustive and if you have additional questions regarding limitations or exclusions please contact us.

General Liability

• Expected or Intended Injury.
• Loss of income or revenue due to the Host Space having to shut down operations during repairs.
• Reimbursement for time spent fixing the damages.
• Liquor liability if you are in the business of manufacturing, distributing, selling, serving or furnishing alcoholic beverages.
• Obligations under any Workers’ Compensation, Disability, Unemployment Compensation or similar law.
• Pollution - bodily injury or property damage arising from pollutants of any kind.
• Losses arising out of Aircraft, Automobiles or Watercraft or Mobile Equipment.
• Damage to Property you own, rent or occupy as well as damage to Property loaned to you.

Does this policy apply to hosts in different countries?

Yes! The Peerspace Host Insurance program covers hosts in any country where bookings take place. Limit amounts and exclusions may vary, but coverage is currently provided in the United States, Canada, the United Kingdom, and Europe.