What Insurance Do I Need for Airbnb

Hosting on Airbnb can be financially rewarding, but it also comes with specific insurance needs to protect your property and finances. Here's what you need:

Homeowner's or Renter's Insurance: Check if your existing policy covers short-term rentals. If not, consider an Airbnb-endorsed policy to protect your property and belongings.

Liability Insurance: Airbnb provides Host Protection Insurance, which covers liability claims up to a certain amount. But consider additional liability coverage to safeguard against larger claims.

Damage Protection: Airbnb's Host Guarantee may cover damage caused by guests, but it has limitations. Consider supplemental coverage or require a security deposit from guests.

Business Interruption Insurance: This can help if your property becomes uninhabitable due to a covered event, covering lost income.

Short-Term Rental Insurance: Some insurance companies offer specialized short-term rental policies, which may provide comprehensive coverage for your Airbnb property.

Ensure you fully understand the coverage provided by Airbnb and consider additional policies to address potential gaps in protection.

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