Airbnb Insurance
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Why Compare Cheap Airbnb Insurance Quotes With SimplyQuote
Managing an Airbnb property or any short-term rental property can be overwhelming at times. You need to manage bookings, make sure guests’ questions are answered, and make sure the property is clean and ready for occupation.
The last thing you need is to stress about finding the best property insurance.
But, with SimplyQuote, you don’t have to! The free online comparison tool makes finding and comparing Airbnb insurance quotes easy, helping you to find the best insurance deal today.
What Do You Need To Get An Airbnb Insurance Quote?
To get Airbnb insurance quotes, simply provide SimplyQuote with the following information:
- Location of the Airbnb property
- Property type (e.g. a whole house or just a room in a home)
- Value of contents
- How often it will be rented out
- Claims history
Why Do You Need Airbnb Insurance ?
Just like with normal home insurance or landlord insurance, you need an Airbnb insurance policy to make sure your property and its contents are protected.
Airbnb insurance is a type of host insurance, which is insurance specifically designed for homeowners who want to rent out a part of or their entire home to guests for short periods via apps like Airbnb or Homestay.
It ensures that you are covered if guests damage your property, get injured on your property, or steals your contents.
Does Airbnb offer its own insurance for hosts?
Yes, Airbnb does offer its own insurance called AirCover, which is provided by Airbnb UK Services Limited. This insurance is offered for free to Airbnb hosts, and covers the following:
- Airbnb Host Guarantee: Whilst not typical insurance, host guarantee can cover damage to your property and the furnishings within. It usually covers about £780,000 worth of damage caused by guests (but not other causes).
- Airbnb Host Protection: This is Airbnb’s version of host liability insurance. It offers protection in case a guest is injured on your property or if something they own is stolen or damaged. The total liability cover is around £800,000.
The limitations of AirCover for hosts are:
- Damage caused by guests of the guest renting the property will not be covered by Airbnb insurance.
- Intentional damage or injury will not be covered by Airbnb’s host protection insurance.
- Claims are only eligible if they are related to an Airbnb reservation and refer to a paying guest.
- If the damage was caused by events outside of your guest’s control such as burst water pipes then the costs will not be covered.
- Communal areas will not be covered by a home insurance company. This includes items such as a broken door leading into a block of flats.
- You should also always check what items are covered by the insurance, as objects such as paintings and even stolen money will not be covered by the insurance.
As long as you keep these in mind, then you should be able to ensure you aren’t suddenly hit by expensive repair costs caused by malicious guests.
However, AirCover is not a good enough substitute for getting your own Airbnb insurance from an insurance provider. That is why it is so important to compare quotes and policies and find the best cover for your property.
What Does Airbnb Insurance Cover?
Exactly what is covered by your Airbnb insurance will depend on the policy you get, but usually the following are covered:
Legal expenses
Airbnb insurance will usually cover any legal expenses that may incur due to protecting yourself in a court of law. If you find yourself in a situation where you do need to pay a large amount for legal protection related to Airbnb hosting, then the insurance will usually cover these legal expenses.
Contents insurance
Protecting any furnishing you provide to guests is important, and thankfully most Airbnb insurance policies will include this, either as contents insurance or host damage protection insurance. Whether your property’s contents are stolen or accidentally damaged, all costs will be covered by this insurance.
Always check what contents are covered as things such as artwork and antiques may be omitted from some insurance policies.
Buildings insurance
Damage to the structure of your building, whether accidental or malicious, can quickly become expensive. Landlord building insurance will help you cover any repairs, ensuring you don’t need to spend a fortune.
It will also protect you from natural damage such as floods and other similar events, meaning you won’t need to purchase specialist home insurance for these rare occurrences.
Liability cover
If you are worried about guests or members of the public potentially hurting themselves due to an accident on your property, then liability protection is worth considering. Public liability insurance cover is worth adding to your home insurance policy as it will protect you from a range of potential accidents.
Intentional and accidental damage cover
Similar to buildings and contents insurance, accidental and intentional damage cover will help you cover any repairs or replacements due to internal damage. Most policies will cover you from this as it is usually covered by building and content protection.
What’s not covered by an Airbnb insurance policy?
- Normal wear and tear: Insurance will cover accidental or malicious damage to contents, but not normal wear and tear due to use.
- Loss of valuables: As mentioned, some artworks or antiques may not be covered by a standard Airbnb insurance policy.
Which Add-Ons Are Available For Airbnb Insurance?
Consider getting the following optional extras for more comprehensive cover:
- Home emergency cover: With most insurance policies, you may need to pay extra to be entitled to emergency cover – but it is more than worth the extra cost. Emergency cover will ensure that any costs incurred when calling out an emergency repairman will be covered, which can save you a fair amount of money in the long run. From burst pipes to boiler repairs, you will be covered.
- Loss of booking income: This is useful if your Airbnb was damaged by an insured event like a fire or flood and it can’t be booked. You’ll receive financial compensation until you can book out the property again.
How Much Does Airbnb Insurance Cost?
AirCover is free, however, it is not sufficient and you’ll need to take out an additional insurance policy to make sure you’re completely protected.
The price of Airbnb insurance varies based on several factors, but typically, on a property valued at £200,000, you should expect to pay around £250 a year for Airbnb cover. For smaller properties, expect to pay about £210 a year.
Which factors influence the cost of your Airbnb insurance policy?
The following factors will impact the cost of your Airbnb insurance premiums:
- Location of the property
- Type of property
- Frequency of rentals
- Estimated value of contents
- Number of guests per booking
- Optional insurance add-ons
- Claims history
How Can You Get Cheaper Airbnb Insurance?
If you’re unlikely to make a claim, your insurance provider will consider you less risky to insure. You can reduce your premiums (and be considered lower risk) by doing the following:
- Improve the property’s security: Install an alarm system and security cameras at the entrances.
- Increase your excess: If you are willing to pay more should you make a claim, your premium will be reduced (just make sure you can afford the out-of-pocket excess).
- Compare quotes: Use SimplyQuote to find the most affordable insurance quotes that still meet your needs.
- Limit guests: Fewer guests means the risks of property damage or bodily injury are reduced.
- Offer shorter stays: Similar to fewer guests, shorter stays are considered less risky.
- Consider the value of your contents: If you don’t have very highly valuable furnishings, your premiums will be lower.
- Choose the cover you need: Only opt for policy add-ons suited to your Airbnb property, budget and insurance needs.
- Bundle your policies: Check with your insurance provider if you can bundle your Airbnb insurance and standard home insurance policies.
How To Compare Airbnb Insurance Quotes With SimplyQuote?
Quickly compare Airbnb insurance quotes with SimplyQuote in just four steps:
- Fill in the online form: Provide us with the necessary details of your Airbnb listing.
- Choose add-ons: Select how comprehensive you want your cover to be.
- Compare quotes: Receive quotes from the UK’s leading Airbnb insurance providers.
- Start saving: Select a quote that will save you money while providing adequate insurance cover.
Frequently Asked Questions
Airbnb insurance, or Airbnb’s Host Protection, is designed to protect hosts from any potential damage to their property when hosting a guest through Airbnb. The maximum payout you can expect from an Airbnb claim is around £715,000, which should be more than enough for most properties.
Protecting your home from potentially careless Airbnb guests can be quite worrying if you are planning on sharing your property online. As you don’t know the guests personally, you may not know how they will treat your property, which is why it’s important to obtain an insurance policy you can rely on.
If you plan to rent out your property as an Airbnb, you will need to provide cover for your property through host protection insurance. Unlike typical renters insurance, a host protection policy will help protect you from claims caused by injuries or theft on your property.
By obtaining an Airbnb insurance policy, you will be protected from a range of potential mishaps. A host insurance policy will cover you for accidental injury to guests and damage to their belongings whilst they reside on your property.
Although this doesn’t cover all of what you need, it is a great way to protect yourself from potential accidents on your property.
Airbnb does not currently offer cancellation insurance, this is down to the hosts or the guests themselves. Typically, Airbnb hosts will ask for a security deposit if they are worried about sudden cancellations.
For guests, you may want to invest in travel insurance, in case you need to suddenly cancel your trip due to sickness or another immediate issue.
One of the best ways to compare guarantee quotes is to use the comparison tool found on our site. We ensure that we have covered the best quotes available so you don’t need to spend an arm and a leg to get the protection you deserve.
You should also always read exactly what a guarantee covers as it may not offer you protection from all potential accidents.
Most home insurance policies won’t cover damage or theft on your Airbnb property. This means that if any of your paying guests were to injure themselves on your property, they may be able to make a claim against you.
It’s always better to be safe than sorry, so make sure you invest in a decent Airbnb specialist insurance policy so you can cover yourself from any third-party claims.
No, most standard landlord insurance policies won’t cover Airbnb claims. That is because the risks are different – tenants tend to rent long-term and undergo strict vetting. Airbnb guests are not thoroughly checked before renting a property.