meta_pixel
Tapesearch Logo
Log in
The Boostly Podcast

Does Peerspace cover the host with insurance

The Boostly Podcast

Mark Simpson

Marketing, Business

5.0302 Ratings

🗓️ 21 October 2021

⏱️ 6 minutes

🧾️ Download transcript

Summary

Welcome to Boostly Podcast Episode 383. This is a recap of my Facebook live where I talked about if Peerspace covers the host with insurance. 00:00 Start 00:30 Peerspace Insurance 02:50 How to start with Peerspace • https://Boostly.co.uk • https://Boostly.co.uk/5steps • https://instagram.com/boostlyuk • https://Boostly.co.uk/guidebook • https://Boostly.co.uk/website • https://Boostly.co.uk/podcast

Transcript

Click on a timestamp to play from that location

0:00.0

Yeah. Okay, so let's talk about a question that I see come up whenever we talk about

0:05.6

peer space in the communities that I'm part of is insurance. I know that not every insurance

0:11.8

is the same, but how are peer space explaining this to a host when it comes to insurance and how

0:20.7

it would or would not affect them? Sure, so we built very early on, I want to say we did use this

0:29.2

in 2016. A custom built from the ground up insurance policy that we partnered with a very

0:37.8

reputable global carrier on that was focused on peer space and how liability should work in the

0:46.5

events of some sort of loss by a third party brought against a host. That was the first thing

0:53.5

that we wanted to cover because while they're extremely rare, there is the risk of catastrophic

1:00.8

loss, but we want to make sure how to deal with these line around that they use their space for

1:05.4

any type of activity low on peer space. So we built it for peer spaces and we've extended the

1:12.4

same program to arc spaces in Canada and in the UK and so in the UK for example the coverage is

1:21.0

up to 1 million house Canada 1 million Canadian dollars and so forth and it's meant to cover

1:30.0

your peer space activities and what it is is it's a general liability policy. It's supplemental

1:37.2

to your primary coverage so if you have a short term rental you should have this primary insurance

1:45.0

whether that's your homeowner's policy or short term rental policy because you really have

1:48.6

a place. This will come in and say if there's exclusions around your primary policy for whatever

1:55.7

reason or if the primary line of coverage gets exhausted due to some kind of claim,

2:02.0

peer spaces here we got you for this and so I was really important to build that comprehensive

2:07.4

coverage that when they go feel the confidence in these kinds of transactions.

2:14.5

Okay so we've talked about the benefits and obviously the insurance was something that I've

2:20.4

been asked a couple of times and now the company is growing which is fantastic to see again I'm

2:26.1

a big fan whenever as soon as I heard about it on a clubhouse room I reached out and I said I

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Mark Simpson, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Mark Simpson and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.