KBD Insurance
KBD Insurance
KBD Insurance

KBD is an insurance broker that provides insurance protection for individuals who
rent out their units through peer-to-peer platforms like Airbnb, Sonder and HomeAway.

If you are an Airbnb host, you will most certainly need to have your own insurance policy that covers your unit in the event that something goes wrong.

Finding the right insurance can be difficult for people who use "peer-to-peer" or "sharing economy" websites to rent out their building(s) and/or unit(s); in fact, most insurance companies will refuse to insure a situation like this. KBD insurance is experienced in this field as we insure hundreds of clients who use their personal units for short-term rentals.

If you rent out your unit on a short-term basis, here are some important tips:

KBD Insurance

Airbnb does not insure your personal belongings

Contrary to popular belief, when you rent out your unit using a website like Airbnb, they do not cover your personal belongings. Some of these websites will give you what's called "host protection insurance" which may cover your liability in the event you are involved in a lawsuit with a guest, but does not cover any direct damage to your property. All of this to say, it's very important that you have your own personal insurance policy when renting your unit through these platforms as many exclusions apply to the "master" policy provided by Airbnb or similar companies.
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KBD Insurance

Don't assume your current insurance policy covers short-term rentals

If you are renting out your home to Airbnb guests, you most certainly need to inform your insurance company. Insurance companies can refuse to pay your claim in the event an accident transpires at your house caused by an Airbnb guest; make sure that you disclose all the facts. If your current insurance company does not cover this type of risk, you'll need to find one that does (like KBD) to make sure that you are covered.
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KBD Insurance

Permits

Depending on the city where you live, you will most probably need to purchase a permit with the city in order to rent out your unit through platforms like Airbnb. If you are renting out your space "illegally" without a permit, insurance companies may refuse to pay out a claim if anything goes wrong during the stay of an Airbnb guest.
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KBD Insurance

Condo by-laws

Many condo syndicates prohibit short-term rentals of the units in their buildings. Before renting out your unit in a condo building, ... check the by-laws or consult with a member of the board to make sure that this is allowed. Not only could you potentially be fined for violating the rules, if ever a renter were to cause damage to the building your liability insurance might not cover the damages and you would be forced to pay out of pocket.
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KBD Insurance

Short-term basis definition

For insurance companies, a short-term lease is when you rent out your unit/building for any period less than one year.
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KBD will provide you with the right insurance product that protects your unit when it is rented out through Airbnb or similar websites.

Arguably the most important protection that you can have in terms of building insurance, this protection provides coverage in the event that you or your building cause third party property damage or bodily injury to a third party (your guest). In the event that you are dragged into a liability claim arising from a guest's stay at your home, you can have the peace of mind that you are covered up to $1,000,000.

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The bulk cost of your insurance premium comes from the insurance on your building. Here are some of the main perils that we insure for your rental property, both during the time it's rented out and when you are using it yourself:

  • Fire / lightning
  • Wind / hail
  • Water (roof or burst pipes)
  • Vandalism
  • Theft of your contents
  • Explosion
  • Smoke

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Whether you are renting out an entire home or a condo unit, you will need coverage for the furniture and personal belongings in it. If a guest causes damage to your personal property during their stay, this is not covered under the Airbnb policy. We will insure you for the damage your guest could cause.

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If your home is unlivable due to an insurance claim, you will be losing out on future rental income; KBD can protect this revenue stream.

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What exactly does my commercial insurance protection cover me for?

KBD Insurance
KBD Insurance
KBD Insurance
KBD Insurance

Liability insurance

Arguably the most important protection that you can have in terms of building insurance, this protection provides coverage ... in the event that you or your building cause third party property damage or bodily injury to a third party (your guest). In the event that you are dragged into a liability claim arising from a guest's stay at your home, you can have the peace of mind that you are covered up to $1,000,000.
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All risk building policy

If you are renting out your home to Airbnb guests, you most certainly need to inform your insurance company.

Insurance companies can refuse to pay your claim in the event an accident transpires at your house caused by an Airbnb guest; make sure that you disclose all the facts. If your current insurance company does not cover this type of risk, you'll need to find one that does (like KBD) to make sure that you are covered.

  • Fire / lightning
  • Wind / hail
  • Water (roof or burst pipes)
  • Vandalism
  • Theft of your contents
  • Explosion
  • Smoke

Find out more

+ Read more

Your contents / personal belongings

Whether you are renting out an entire home or a condo unit, you will need coverage for the furniture and personal belongings in it. If a guest causes damage to your personal property during their stay, this is not covered under the Airbnb policy. We will insure you for the damage your guest could cause.
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Rental income

If your home is unlivable due to an insurance claim, you will be losing out on future rental income; KBD can protect this revenue stream.
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See what others are saying about KBD Insurance

KBD is great and helped us consolidate and organize our insurance for all 7 of our locations.


Ye Olde Orchard Pub & Grill

KBD's expertise and professionalism led to competitive rates and better coverage for our home and commercial policies.


Climatisation Airvitech

We've been with KBD since the Killen Bullard Devine days; love these folks. So helpful and professional.


Construction Freres Riendeau




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