Starting with the coverage provided by Airbnb, Vrbo and other hosting platforms, and then taking a look at the best vacation rental insurance packages provided by companies external to these platforms. In order to help Airbnb hosts make the right call, we’ve put together a summary of the vacation rental insurance landscape as we see it. The insurance provided by the main hosting platforms also doesn’t extend nearly as far as hosts and property managers might expect. Taking out insurance on your short-term rental listing makes sense, but explanations of coverage are often vague, policies and prices vary widely by location. Then there’s the possibility, which should be considered, of a guest slipping when exiting the hot tub.

Some cities, such as Denver, include in their short-term rental laws a requirement to provide evidence that you have an active general liability insurance policy.ĭamages arising from hosting aren’t uncommon – even if you don’t leave valuable items in your vacation rental, a popular Airbnb listing can result in a large number of guests passing through your property, leading to a much faster rate of wear and tear for your property and it’s amenities, and that means large and unforeseen costs for the property owner. In fact, we think it should even be taken into consideration as soon as you start researching an investment into an Airbnb property. We think it’s best to thing about short-term rental insurance as early as possible. Short-term rental activity is also not typically covered by group policies, should your property be a condo or apartment. Typically homeowner policies don’t cover short-term rental claims as renting your property on Airbnb or other platforms is considered an exempt business activity. However, one factor that is often neglected when hosts and short-term rental property managers are putting together their business plans is the potential losses that can be incurred by the homeowner when something gets damaged or stolen.

Listing your property as being available for short-term rental is a great way to generate potentially large amounts of revenue.

Best insurance for airbnb hosts