The Best Insurance for Airbnb Hosts: Top Insurance Picks for Hosts

As an Airbnb host, ensuring the safety and security of your property and guests is paramount. While Airbnb provides some basic coverage, it’s essential to explore additional insurance options to protect your investment fully.

In this article, we’ll delve into the best insurance choices for Airbnb hosts, what Airbnb’s insurance covers (and what it doesn’t), and how to optimize your coverage.

The Best Insurance for Airbnb Hosts (2)

What is the best insurance for AirBnB hosts?

Proper Insurance offers the best coverage for Airbnb hosts. Their policy replaces your normal home or rental insurance with specialized protection. This covers the unique risks of short-term rentals like Airbnbs and Vrbos.

Does Airbnb Provide Insurance or Protection for Hosts?

Airbnb Offers Protection but with Limits

Here’s what Airbnb covers for hosts:

  • Guest Liability: Up to $1 million if you’re legally responsible for a guest’s injury, damage to shared areas, or their stolen belongings.
  • Property Damage (AirCover): Up to $1 million for repairs if a guest damages your things, extra cleaning needed, or lost income due to their damage canceling bookings.

However, this protection has limits:

  • Airbnb’s Host Liability Insurance does not cover damage to your own property caused by a guest.
  • Neither program covers intentional damage or injuries.
  • Normal wear and tear, acts of nature, and guest issues are not covered by Host Damage Protection.

Remember, Airbnb’s protection has its limitations. Before renting out your property, carefully consider what isn’t covered.

Not Covered by Airbnb’s Host Damage Protection:

    • Wear and tear resulting from reasonable use.
    • Loss caused by acts of nature (e.g., hurricanes, earthquakes).
    • Guest injuries or damage to guests’ property.

Does Standard Homeowners Insurance Cover Airbnb Properties?

Standard homeowners insurance typically excludes short-term rentals like Airbnb.

If you rely solely on your existing policy, you may not have adequate coverage. It’s important to check with your insurer and clarify whether your policy extends to short-term rentals.

Are Airbnb Properties Covered by Landlord Insurance or Renters Insurance?

  • Landlord Insurance: If you own the property and rent it out exclusively on Airbnb, consider landlord insurance. It covers property damage, liability, and loss of rental income.
  • Renters Insurance: If you’re an Airbnb guest renting someone else’s property, your renters insurance may cover your personal belongings. However, it won’t protect the host’s property.

What Is Home-Sharing Insurance?

Home-sharing insurance is specifically designed for short-term rentals. It bridges the gap between homeowners insurance and commercial policies, offering comprehensive coverage for hosts.

Important Considerations for Airbnb Host Insurance

  • Lost income: Look for a policy that pays you back when property damage or guest cancellations cause you to lose rental income.
  • Property and contents: Make sure your insurance covers both the building and everything inside it, like furniture and appliances.
  • Liability: Get coverage in case a guest gets hurt on your property or you’re responsible for damage to shared areas.
  • Local specifics: Consider the regulations and risks in your area. Some policies offer coverage tailored to your location.
  • Forced entry: Choose a policy that covers damage or theft even without signs of forced entry.

Top 10 Best Insurance for Airbnb Hosts

  1. Proper Insurance: Known for its specialized coverage designed specifically for short-term rentals.
  2. Allstate: A reliable insurance company offering its HostAdvantage policy for Airbnb hosts.
  3. CBIZ: Provides commercial insurance coverage for Airbnb hosts.
  4. Nationwide: Reputable insurer with liability and property damage coverage.
  5. Farmers Insurance: Offers protection plans for Airbnb hosts.
  6. American Modern: Specializes in insurance for vacation rentals.
  7. American Family Insurance: Provides budget-friendly options for Airbnb hosts.
  8. Erie Insurance: Offers customizable policies to fit your individual needs as an Airbnb host.
  9. Safely Insurance: Focused on providing coverage specifically for short-term rentals.
  10. Progressive Insurance: Offers commercial insurance with liability protection for Airbnb hosts.

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