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Here’s an example of the difference between Airbnb Host Protection Insurance and Airbnb Host Guarantee. If your guest doesn’t pay, then you can try to recover damages by filing a claim with Airbnb. Host Guarantee says you may be protected up to $1,000,000 for property damage protection.īut here’s the catch with Host Guarantee: You first have to try to recover damages from your guest. It is a program from Airbnb to help cover damage to your personal belongings, home or unit caused by a guest. For example, if an Airbnb guest sues you for an injury after slipping on your patio, this coverage would pay.Īirbnb Host Protection doesn’t cover your personal belongings or damage to your home.ĭon’t confuse Airbnb Host Protection Insurance with Airbnb Host Guarantee. This will cover your liability for injuries and damage to others. Airbnb Host Protection Insurance covers up to $1 million in liability coverage. You are automatically covered under Airbnb’s plan when you agree to list your property on Airbnb.
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The types of coverage available vary depending on the home-share insurance provider. When you use your property as a short-term rental, home-sharing insurance covers you while guests are in the home. If you want to protect yourself from the misadventures of imperfect strangers, you’re going to want home-sharing insurance.
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Short-term rentals such as Airbnb and Vrbo are considered business use of a house, which is typically excluded from homeowners insurance coverage. And you most likely won’t be able to rely on your homeowners, condo or renters insurance to pick up the tab. Even minor accidents, like a ruined rug, a flooded bathroom or an injury from a slip and fall could cost thousands of dollars in repair bills or medical expenses. While those types of incidents may be outliers, accidents do happen. Maybe you’ve heard some of the short-term rental horror stories, like the house in Austin, Texas, that was trashed by Airbnb guests to the tune of $40,000 in damage, or the accidental fire that burned down a house in Sonoma, California, and cost an estimated $1.8 million to rebuild. Are you thinking of renting out your house, extra bedroom or vacation home for extra cash? Before you sign up for a home-sharing service like Airbnb or Vrbo, understand your short-term rental insurance options.