Slice insurance aims to provide peace of mind for Airbnb hosts

While such calamitous events are thankfully rare, Airbnb hosts are known to occasionally suffer at the hands of irresponsible renters. You’ve probably stumbled across at least one story of how a property was trashed by some crazy bash, whether a drug-induced orgy, a Hamptons pool party that got out of hand, or some other similarly riotous act.

While Airbnb goes some way to protecting hosts in the event of unwanted happenings — both big and small — via its Host Protection program, broader safeguards are now available for hosts in 13 states via a recently launched insurance offering from New York-based Slice.

Slice’s Michael Fitzgibbon describes the service as “the first entirely digital platform providing on-demand insurance for the on-demand economy at the tap of a smartphone.”

The company, which has been steadily expanding throughout the United States since last year, offers its service via its iOS app and website. In the case of an Airbnb host, coverage is provided for the specific period of time that a guest rents a home, whether it’s for a day, a week, or longer. That’s right: With Slice you don’t have to cough up for a whole year if your property is only used occasionally.

Its insurance plan, which starts at as little as $4 a night, aims to protect hosts “from all the things you don’t really want to think about but you’ll be glad you did: Theft and vandalism, excess utility usage, insect infestations, lost income, and more,” the company says on its website. Coverage includes $2 million in commercial liability, the full replacement of a property and its contents, as well as the above-mentioned issues you “don’t really want to think about.”

Slice prides itself on its speed of use, with hosts required to give only their property address and the dates of a guest’s stay.

If the worst happens — or something slightly less terrible — Slice promises to pay out valid small claims “immediately” and larger ones “as quickly as possible” once its team has all the details.

From this week, hosts in California, Colorado, Florida, Georgia, Illinois, Iowa, Maryland, Massachusetts, New Jersey, New York, Ohio, Texas, and Washington can make use of Slice’s service.

The company scored $3.9 million of seed funding in March 2016 and has various backers and partners, including Germany-based reinsurance giant Munich Re, according to Insurance Journal.

For specific information on the conditions of Slice’s service, check out the FAQs on its website at the bottom of this page.

Home Theater

Here’s how to watch Apple’s March 25 product reveal event live

It's almost here: Apple's much anticipated March 25 event, where it is widely expected to announce several streaming services, including on-demand and live TV with original programming. Here's how to watch it live.
Smart Home

Need some help? Here's our handy step-by-step guide on how to Airbnb your home

Getting ready to make your home a great rental? Here's how to Airbnb your home with the right amenities, insurance, supplies, and everthing else that you need. Use this guide to get started without making beginner mistakes!
Mobile

5G's arrival is transforming tech. Here's everything you need to know to keep up

It has been years in the making, but 5G is finally becoming a reality. While 5G coverage is still extremely limited, expect to see it expand in 2019. Not sure what 5G even is? Here's everything you need to know.
Smart Home

The best smart locks to increase your home security in 2019

A good smart lock should offer a combination of security and convenience. Fortunately, these devices keep your home protected, your family safe, and your belongings secure from possible intruders.
Deals

Suck up the savings with these vacuum cleaners on sale for $100 or less

Keeping your floors clean around the home is a constant chore. To help make things a whole lot easier, we've picked out some great vacuum cleaner deals available right now, from full-sized upright models to robot vacs.
Smart Home

Is your coffee maker hiding mold inside? Here's how to clean it

Are you a coffee drinker? If you brew your coffee at home and you don't clean your machine, you could be drinking mold, yeast, and other bacteria. Here's how to clean your coffee maker.
Deals

Walmart drops prices on Google Home Hub and Lenovo smart displays

Walmart slashed the prices of Google Home smart displays for two highly regarded Lenovo models and the original Google Home Hub. We can't think of a better way to improve your smart home setup and these deals can help you save up to $100.
Deals

Amazon lowers Echo Dot cost and slashes price of the Dot and Smart Plug bundle

Amazon just unleashed extraordinary price cuts on third-generation Echo Dot smart speakers. The Alexa device is back in stock following the blowout sales last holiday season. The Echo Dot is the best-selling Alexa smart speaker worldwide.
Smart Home

These best outdoor security cameras will keep porch pirates at bay

Worried about porch pirates stealing your packages, or intruders entering your home? Always be in the know about who or what is on your property by installing one of these outdoor security cameras.
Smart Home

Your Instant Pot can do it all. Research says it has another important function

Researchers at Dakota State University tested a variety of pressure cookers for sterilization and found that Instant Pot provides enough pressure and heat to kill off food-spoiling bacteria.
Deals

Dyson sale shatters prices on vacuums just in time for spring cleaning

Steep price cuts on Dyson vacuum cleaners for the spring cleaning season help you save money on the tools you need to do the job. We've found the best discounts on Dyson vacuums from Amazon and Walmart and put them all in one place.
Deals

Amazon slashes prices on Echo devices that play Alexa’s sweetest-sounding music

Amazon slashed prices on Alexa-controlled Echo devices with the best music sound quality. All Alexa smart speakers stream music, but some sound better than others. Save on Echo Plus and the Echo Sub bundled with Echo and Echo Plus speakers.
Emerging Tech

Awesome Tech You Can’t Buy Yet: Robotic companions and computer-aided karaoke

Check out our roundup of the best new crowdfunding projects and product announcements that hit the web this week. You may not be able to buy this stuff yet, but it's fun to gawk!
Product Review

Simple and small, the Google Home Hub is your low-key smart screen

What’s small, simple, cute, and lacks a camera? The Google Home Hub is the latest smart display to hit the market. Powered by Google Assistant, there’s a lot to like about this device.