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Airbnb too risky without insurance, experts say

It's impossible to know whether a guest could steal, damage or vandalize a host's property.

By Hannah Bender | Updated on August 29, 2014
Airbnb guest Megan Walsh, a Chicago writer on a Summer internship, reads in her room at the Echo Park home of artist Jonathan Entler, in Los Angeles. (AP Photo)

Airbnb is part one of the biggest new travel trends, but the service is too risky, experts warn, if the host and the guest are not insured.

“You’d be foolish to let someone enter your property without obtaining proof that they’re insured. You could be out thousands of dollars, perhaps much more,” says broker for E.G. Bowman Co., Mark Carrasquillo.

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