As of 10 December 2015, Airbnb has extended its Host Guarantee to Budapest. The Airbnb Host Guarantee provides protection for up to $1,000,000 (cca. HUF 280 million) to a host for damages to covered property in the event of guest damages.
Guarantee Program was launched in 2011 and has become the number one pillar of the Airbnb trust and safety programs. In the last 4 years, hosts in 38 countries were insured by the service, which has since been extended to all Airbnb hosts. The expansion benefits Eastern European, Latin American, African and Middle Eastern hosts mostly.
The Guarantee Program has no special requirements: in case of guest damage, Airbnb pays automatically. Airbnb statistics shows that over 35 million guests came with only 540 cases of major damage ($1,000+) to property. This means less than 1 case in every 64,000 guests.
Airbnb is striving to make visits safe in more ways than one. Their Host Protection Insurance provides primary liability coverage for up to $1 million per occurrence in the event of third party claims of bodily injury or property damage.