Today, after years of work, we proudly announced Host Protection Insurance. Airbnb already provide hosts with guidelines on how to make their listing safer and how to be a responsible neighbor. We are proud to lead on this issue, and the Host Protection Insurance Program is another step we are taking to help protect communities across the country.
Since 2008, more than 25 million guests have had a safe, memorable and positive experience traveling on Airbnb. We know that accidents are rare, but they can happen and we want our hosts be protected. Here is how the program works. If a guest is injured in a listing or elsewhere on the building property during a stay, liability insurance provides coverage for claims by Airbnb hosts and, where applicable, their landlords.
The Host Protection Insurance program is currently targeted to go into effect in the United States starting January 15, 2015 and is designed to cover claims up to $1 million.
This program is just one of the many ways Airbnb is working to protect our hosts and their surrounding communities. We look forward to discussing these further with REBNY and others in the future.