Not quite. AirBnb specifically excludes things you don't own. So, while they would be responsible for the original poster's stuff, any damage done to the apartment itself, paint, floors, appliances, walls, hallways, doors, bathroom, fixtures, any furnishings that were already in the apt, etc would not appear to be covered.
> PLEASE CAREFULLY REVIEW THE DEFINITIONS OF “COVERED ACCOMMODATION,” “COVERED LOSSES,” “EXCLUDED ACCOMMODATION,” AND “EXCLUDED PROPERTY” BELOW. THESE DEFINITIONS ARE ESPECIALLY SIGNIFICANT IF YOUR ACCOMMODATION IS A CONDOMINIUM, TOWNHOUSE, CO-OPERATIVE, APARTMENT, OR ANY OTHER UNIT IN A MULTIPLE-DWELLING STRUCTURE, COMPLEX, AND/OR DEVELOPMENT. TO THE EXTENT THIS HOST GUARANTEE COVERS REAL PROPERTY, IT COVERS ONLY REAL PROPERTY THAT YOU OWN.