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OFFON

QUINSTREET, INC.

(QNST)
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Insurance.com Report Outlines Airbnb Short-Term Rental Insurance Options for Homeowners [Oct 26, 2021]

10/26/2021 | 11:46am EST

52% of homeowners surveyed buy host company's insurance plan

Foster City, CA - October 26, 2021 - With homeowners increasingly using peer-to-peer rental services such as Airbnb to bring in extra income, it's important for them to know the insurance ramifications of opening up their home to guests. To help people understand find the best coverage, Insurance.com releases Understanding Airbnb Homeowners Insurance Options, a report outlining the types of insurance available to those in the short-term rental business.

Experts at Insurance.com find that a homeowners insurance policy alone may not provide adequate protection if a visitor is injured or causes damage to a property, so it's important to review coverage details and supplement it with additional insurance, as needed. Airbnb offers coverage that includes damage and bodily injury related to a visitor's stay.

"Airbnb hosts may have certain limitations on their homeowners insurance policies, such as how often they can rent their residence," explains Les Masterson, managing editor for Insurance.com. "There may also be state laws that affect insurance requirements when listing short-term rentals."

In a recent survey, Insurance.com discovers that 12% of homeowners who have listings on Airbnb and other services only use their standard home insurance coverage, while 52% buy the host company's insurance plan, and 37% also buy an additional rental endorsement.

Insurance.com's guide includes information on the coverage Airbnb offers, how much homeowners can expect to pay for this coverage, and home sharing insurance alternatives for Airbnb.

"Everyone's needs are different," Masterson explains. "Our insurance comparison tool can help homeowners find companies that offer or specialize in short-term rental coverage."

Masterson is available to discuss Airbnb insurance options and answer questions on ways to save on homeowners and renters insurance.

About Insurance
Insurance is owned and operated by QuinStreet, Inc. (Nasdaq: QNST), a leader in providing performance marketplace technologies and services to the financial services and home services industries. QuinStreet is a pioneer in delivering online marketplace solutions to match searchers with brands in digital media. The company is committed to providing consumers with the information and tools they need to research, find and select the products and brands that meet their needs. Insurance.com is a member of the company's expert research and publishing division.

Insurance is a trusted online resource dedicated to educating consumers on auto, home, health and life insurance, developing relationships directly with carriers to offer consumers comparison rates from multiple companies. Since 2001, Insurance.com's industry-first online tools, data-based reporting and experienced experts have helped consumers make informed insurance-related decisions, so they can choose the right insurance for their individual needs.

Twitter: @InsuranceDotCom
Facebook: https://www.facebook.com/InsuranceDotCom

Media Contact

Jacqueline Leppla
Senior Director of Public Relations
Direct +1 775 321 3608
Email: jleppla@quinstreet.com

Disclaimer

QuinStreet Inc. published this content on 26 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2021 15:45:04 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2022 654 M - -
Net income 2022 21,5 M - -
Net Debt 2022 - - -
P/E ratio 2022 46,7x
Yield 2022 -
Capitalization 846 M 846 M -
Capi. / Sales 2022 1,29x
Capi. / Sales 2023 1,17x
Nbr of Employees 614
Free-Float 92,8%
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Number of Analysts 5
Last Close Price 15,59 $
Average target price 26,25 $
Spread / Average Target 68,4%
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Douglas Valenti Chairman & Chief Executive Officer
Gregory Wong Chief Financial Officer
Nina Bhanap CTO, President-Product & Technology
Ashley Heller Senior Vice President-Operations
James R. Simons Independent Director
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