how much does airbnb travel insurance cost

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Is Airbnb Travel Insurance Worth It?

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Travel insurance can protect you in the event of unforeseen delays or cancellations, but whether you should pay extra for it — or rely on what might already be included in the booking — is a perennial question.

We have some answers for you if you’re wondering, “Is Airbnb insurance worth it?”

Here’s the lowdown on what Airbnb insurance covers and what you’ll be on the hook for if you choose not pay extra for it.

What does travel insurance for an Airbnb rental cover?

This type of travel insurance protects the cost of your Airbnb rental if you encounter unexpected disruptions to your travel before or during your trip.

These policies are underwritten by Generali Global Assistance in the U.S. and Aon and Europ Assistance Group abroad. The insurance coverage is available in nine countries where Airbnb offers rentals and will cover up to 100% of your payment if you cancel for a covered reason.

Examples of covered reasons include a delayed flight that prevents you from arriving at your rental on time or having to cancel the trip because you got sick. Other obstacles might include your bags getting lost en route or a hurricane thwarting your plans. Travel insurance for an Airbnb rental would protect you in these situations.

These are some of the covered protections that come with Airbnb travel insurance:

Trip cancellation for a covered reason.

Flight cancellation due to weather.

Illness or injury.

Trip delay of more than 12 hours.

Loss of baggage. 

Natural disasters.

Theft during the stay.

Stolen travel documents.

In the above instances, Airbnb travel insurance would reimburse you the non-refundable cost of the rental. Without insurance, if you had to cancel, you would be subject to the host’s cancellation rules — which could include forfeiting the entire cost of the rental.

» Learn more: How to book an Airbnb

Is Airbnb travel insurance worth it?

Since you can’t see into the future, this type of travel insurance can help protect expensive Airbnb rentals if you can’t make your trip as originally planned.

Remember that Airbnb travel insurance only covers the cost of the rental, not any other related expenses like airline tickets, car rentals or transportation to the property.

To determine if Airbnb travel insurance is worth it, it’s important to know what other types of insurance you already have. Do you have any travel protection through your credit card ? If so, that may be more than enough to cover your Airbnb rental, and purchasing an Airbnb travel insurance policy wouldn’t be necessary.

If you want to rely on another form of travel insurance, a comprehensive plan may offer more protection — like covering additional costs associated with travel disruptions — but it can also be more expensive than what Airbnb offers. A good place to check for the best travel insurance for Airbnb is NerdWallet’s list of best travel insurance companies , where you can compare different options.

» Learn more: What to know before you book an Airbnb

Don’t I already have this with Airbnb AirCover?

No. AirCover protects renters from issues that are within the host’s control, whereas travel insurance protects the renter from things outside of the host’s control, like flight disruptions or personal illness.

AirCover protects the renter if the rental doesn’t meet the advertised standards or if the host cancels at the last minute. It also covers operational issues like a broken heater or if the number of bedrooms didn’t match the listing.

Essentially, AirCover assures travelers that their rental is what was advertised. If any issues arise, Airbnb will help you find a comparable alternate rental within the same price point. Alternatively, if you’d prefer not to be rebooked, Airbnb may issue a full or partial refund.

» Learn more: Are Airbnbs more cost-effective than hotels?

How do you get Airbnb travel insurance and how much does it cost?

If you want to add Airbnb travel insurance to your reservation, it’s easy to do during the reservation process through the Airbnb booking platform. The cost will vary and is based on a percentage of the overall trip cost.

Remember, if you use a credit card with ample travel insurance, you might already be protected.

Can you cancel Airbnb travel insurance?

If you need to cancel travel insurance purchased through Airbnb, it’s possible to do so within 10 days of purchase. For residents of Indiana, you can cancel within 30 days of purchase. However, once the trip begins, you can’t cancel it.

» Learn more: How to get an Airbnb discount

Should I get Airbnb travel insurance?

Is Airbnb insurance worth it for guests? Yes and no. It depends on how you purchase your travel.

If you use a credit card with ample protections already, then you may be fine. Otherwise, a travel insurance policy can help you recoup the cost of your rental in the event of a travel disruption.

Ultimately, it will come down to your own personal risk tolerance, but it’s nice to have the option when booking with Airbnb.

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Airbnb Travel Insurance: What Guests Should Know

Airbnb travel insurance can protect your finances if your trip goes awry..

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Elizabeth has extensive insurance industry experience, having written for Insureon, Rate Retriever, and Insurify. She’s also finance and insurance editor for Car and Driver.

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Updated September 26, 2023

Reading time: 4 minutes

Table of contents

• Airbnb insurance
• What’s covered
• What’s not covered
• Filing a claim

Staying in an Airbnb can be more convenient and affordable than renting a hotel room. And now, Airbnb offers travel insurance for guests in certain regions. Travel insurance can offer valuable financial protection if you need to cancel a prepaid trip for a covered reason.

Before you book a short-term rental through Airbnb, you should review and understand the available insurance options. Here’s what you need to know about Airbnb insurance, including what’s covered, what’s not covered, and how to file a claim.

Airbnb travel insurance explained

Airbnb travel insurance is an optional policy that you can purchase when booking a short-term rental. If you need to cancel your Airbnb booking for a covered reason, your insurer will reimburse you for up to 100% of your non-refundable reservation costs. It also provides coverage for things like travel delays and medical emergencies.

Airbnb travel insurance is currently available for customers in the United States, United Kingdom, and some European countries, including Austria, Germany, Italy, Ireland, the Netherlands, Portugal, and Spain. [1]

The cost of Airbnb travel insurance is a percentage of your total reservation cost. When you book your stay, you’ll have the option to add travel insurance to your reservation. The cost is added to the total reservation cost as a line item, and you pay for the policy when you check out online.

AirCover vs. Airbnb travel insurance

Every Airbnb booking includes AirCover, which covers things like last-minute booking cancellations by the host and problems during check-in. There’s also a 24/7 safety line that Airbnb guests can call if they feel unsafe. [2]

In addition, AirCover provides certain protections for hosts, like guest identity verification, $3 million in property damage protection, liability insurance, and loss of income insurance.

AirCover and Airbnb travel insurance are different products. AirCover is free with all bookings and covers significant issues that arise with a booking, like inaccurate listings or missing amenities.

On the other hand, Airbnb travel insurance is optional, and you can add it to your reservation for an additional cost. Unlike AirCover, Airbnb travel insurance will refund you for prepaid booking expenses if you need to cancel your trip for a covered reason, like flight delays or illness.

What Airbnb travel insurance covers

Airbnb travel insurance provides coverage for many unforeseen situations that can arise during travel. Here are some of the things an optional Airbnb travel insurance policy covers. [3]

Trip cancellation

If you need to cancel your Airbnb reservation for a covered reason, you can file a claim and get refunded for up to 100% of your prepaid and non-refundable costs. Covered reasons include illness and injury, flight cancellations and delays, and government mandates for evacuations due to a natural disaster or other inclement weather events.

Travel delays

This part of the policy will reimburse you for additional expenses if your trip gets delayed by more than 12 hours for a covered reason. Some covered situations include delayed flights, bad weather, and stolen passports and travel documents.

Medical emergencies

If you get sick or injured during your trip, an Airbnb travel insurance plan will reimburse you for medical costs, including prescription medication, emergency transportation in an ambulance, and hospital bills.

Delayed baggage

Guest travel insurance from Airbnb will reimburse you for lost, damaged, or stolen baggage. In addition, this policy will cover damaged travel documents and unauthorized credit card transactions that occur while traveling.

24/7 emergency and travel assistance

Airbnb offers 24/7 assistance while you’re traveling. Whether you experience a medical emergency and need to go to the nearest hospital or have questions about booking restaurants on your trip, a representative from Airbnb can provide the appropriate assistance, day or night.

What Airbnb travel insurance doesn’t cover

Airbnb travel insurance doesn’t cover everything, so it’s important to read your policy’s fine print before purchasing coverage. You’ll have the option to review the terms of Airbnb’s travel insurance contract before you add it to your reservation.

For example, for bookings made on or after May 31, 2022, having COVID-19 is no longer considered an extenuating circumstance that would allow you to cancel your trip for a refund.

There are also some location-specific restrictions. For UK travelers, Airbnb travel insurance doesn’t cover the cost of travel to and from your Airbnb listing, such as trains and ferries. It also won’t cover treatment for pre-existing medical conditions. [3]

How do you file an Airbnb travel insurance claim?

The insurance company that underwrites the policy handles Airbnb’s travel insurance claims. For U.S. residents, the underwriter is Generali. For UK and EU residents, the underwriter is Europ Assistance. [3]

You can initiate the claim process by visiting the coverage overview page on the Airbnb website and selecting “Start a Claim.” You can also contact the insurance company that underwrites your policy directly to start a new claim. [3]

Airbnb travel insurance FAQs

Below, you’ll find answers to some of the most commonly asked questions about Airbnb travel insurance.

How do you add Airbnb travel insurance to your booking?

When you reserve an Airbnb, you’ll have the option to add travel insurance to your reservation before you check out. The travel insurance premium will already be generated, so you can simply check the box to add the insurance policy to your total reservation cost.

Does Airbnb travel insurance cover COVID-19?

Airbnb travel insurance doesn’t cover COVID-19. If you test positive for COVID-19 and need to cancel your trip, the Airbnb host’s cancellation policy will apply. Additionally, Airbnb travel insurance doesn’t cover unexpected travel disruptions due to COVID-19, like quarantine mandates or border closures.

Are hosts covered by Airbnb travel insurance?

Airbnb travel insurance doesn’t provide any protection for hosts or their Airbnb property. However, AirCover, which is included for free in every booking, does provide protections for Airbnb hosts, such as damage to their rental property.

Should you get insurance for Airbnb?

Airbnb travel insurance can be beneficial if you’re spending a lot of money on non-refundable bookings or want to ensure coverage for unexpected issues, like travel delays and lost baggage. However, if you’re driving a short distance to stay in a vacation rental for the weekend, this policy may not be worth the added cost.

Related articles

• Does Travel Insurance Cover Pre-Existing Conditions?
• What Is Cancel For Any Reason (CFAR) Travel Insurance?
• Airbnb . " Understanding Travel Insurance ."
• Airbnb . " Aircover for guests ."
• Airbnb . " Travel insurance through Generali ."

Elizabeth Rivelli is a freelance writer covering insurance and personal finance. She has extensive knowledge of various insurance lines, including property and casualty, health, and life insurance. Her byline has been featured in dozens of publications, including Investopedia, Forbes, Bankrate, NextAdvisor, and Insurance.com . 

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Airbnb Travel Insurance for Guests | What it is and How it Works

Traveling opens doors to new experiences and cultures, but unexpected events can disrupt even the best-laid plans. Trip cancellations, flight delays or medical emergencies can leave you scrambling for solutions and facing financial losses. This is where travel insurance steps in, offering a safety net for unforeseen circumstances.

Airbnb, recognizing this need, offers travel insurance as an add-on purchase for guests during the booking process. But how does it differ from the existing Airbnb Host Guarantee programs like AirCover for guests? Let's delve into the world of Airbnb travel insurance and understand how it can protect your next Airbnb adventure.

AirCover vs. Travel Insurance

It's important to distinguish between Airbnb travel insurance and AirCover for guests . AirCover is a free program offered by Airbnb. It acts as a safety net for situations directly related to the host or the listing itself.

Let's dissect what AirCover covers:

• Listing inaccuracy: Did the pool in the pictures turn out to be a kiddie inflatable? AirCover comes to the rescue if the listing significantly differs from reality and the host can't rectify it. Guests will be assisted in finding similar accommodation or offered a full or partial refund.
• Host cancellation within 30 days: Imagine booking your dream getaway only to have the host cancel last minute. AirCover ensures guests aren't left scrambling. It will help them find alternative accommodation or provide a full refund.
• Unable to check-In (host's fault): You arrived at your stay, but the host is nowhere to be found, or there's a problem with access? AirCover steps in, helping guests find a similar place or offering a full refund depending on the circumstances.

In these scenarios, Airbnb will help you find a similar place to stay or offer a full or partial refund.

Travel insurance

Travel insurance acts as a broader umbrella, shielding guests from a wider range of potential disruptions beyond the scope of AirCover.

Unlike AirCover, travel insurance is an optional add-on purchased during the booking process. It's provided by a third-party insurance company, currently Generali Global Assistance in the US and Europ Assistance Group in other parts of the world) and offers broader coverage for unforeseen circumstances outside the control of you and your host.

What does Airbnb travel insurance cover?

Airbnb travel insurance offers a safety net for various situations that could derail your trip. Here's a breakdown of some key coverages:

• Trip cancellation: If you need to cancel your trip entirely for a covered reason, you can be reimbursed for up to 100% of your non-refundable Airbnb booking cost. Covered reasons typically include illness, injury (to yourself or a travel companion), natural disasters at your destination or unexpected work obligations.
• Trip interruption: Imagine having to cut your Airbnb stay short (due to a covered reason). You can get reimbursed for the unused portion of your accommodation cost, potentially up to 150% (including the initial cancellation reimbursement). This additional 50% might cover some additional expenses incurred due to the disruption.
• Travel delay: Flight delays can wreak havoc on your itinerary. If your trip is delayed by 24 hours or more due to a covered reason (like bad weather or a mechanical issue), you might be reimbursed for expenses like meals, accommodation and local transportation incurred during the delay, up to a certain limit per person (typically $750).
• Emergency medical and evacuation: Accidents or sudden illness can occur anywhere. You get coverage for medical expenses and emergency medical evacuation (including repatriation) if needed during your trip.
• Baggage delay or loss: Misplaced luggage can throw a wrench in your travel plans. If your checked baggage is delayed or lost for 24 hours or more, you might be reimbursed for essential items like toiletries and clothing to tide you over until your luggage arrives.

What does Airbnb travel insurance NOT cover?

This depends on how the coverage is defined and the country of residence of the Airbnb traveler. For example, UK residents are not covered for travel costs such as flights, trains and ferries as well as pre-existing medical conditions.

Policy details relevant to each country including areas of coverage and key exclusions can be found here .

How Does Airbnb AirCover Work with Airbnb Travel Insurance?

Airbnb’s AirCover for guests and travel insurance are two different but complementary products that work well together. For example, if a guest arrives at their destination only to find the host has canceled the reservation at the last minute. Meanwhile, they are informed at the airport that their baggage is missing. While AirCover will help the guest find a new place to stay at no extra cost, they can file an insurance claim to get reimbursed for their missing baggage.

Key Considerations for Guests When Choosing Travel Insurance

While AirCover offers valuable protections related to Airbnb itself, Airbnb travel insurance provides a broader safety net for various trip disruptions.

By understanding the coverage details and comparing it to your specific needs and risk tolerance, you can decide if Airbnb travel insurance is a worthwhile addition to your Airbnb booking. Here are some additional tips:

• Compare costs: Don't just rely on the travel insurance offered during booking. Consider comparing it with independent travel insurance providers to see if you can find a better deal with similar coverage.
• Read reviews: Researching online reviews of Generali's travel insurance can give you insights into their claim settlement process and customer service.
• Consider trip protection on credit cards: Some credit cards offer trip cancellation or interruption insurance as a benefit. Check your credit card's benefits to see if it might already offer some coverage.
• Always review the full terms and conditions of any travel insurance policy before purchasing.
• File claims promptly according to the insurer's guidelines.
• Keep all documentation related to your trip cancellation or disruption, including receipts and communication with the host or airline.

By being prepared with Airbnb travel insurance, you can embark on your Airbnb adventure with greater confidence, knowing you have some financial protection if the unexpected arises. Now you can focus on creating lasting memories during your stay!

Who should consider Airbnb travel insurance?

Travel insurance can be a wise investment for:

• Those with non-refundable bookings: If you've booked an Airbnb with a strict cancellation policy , travel insurance can provide peace of mind in case unforeseen circumstances force you to cancel.
• Those booking expensive trips: For trips with a significant financial investment, travel insurance can help mitigate potential losses due to cancellations or interruptions.

Ready, Set, Go!

Airbnb travel insurance is more than just a step in creating new revenue streams. It’s also a means of providing added convenience to users inclined to purchase travel insurance while keeping them inside the Airbnb platform.

By incorporating this optional safety net, you can approach your Airbnb adventure with a sense of security, ready to embrace the possibilities and forge unforgettable memories. Remember, travel insurance provides a financial buffer, but prioritizing safety and well-being throughout your travels should always be your top priority. Now, bon voyage!

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Home » Travel Insurance » Airbnb Travel Insurance: Is It Worth It? Your Ultimate Guide to Protecting Your Stay

• Travel Insurance

Airbnb Travel Insurance: Is It Worth It? Your Ultimate Guide to Protecting Your Stay

• Author | Alexa Erickson
• April 15, 2024

The Daily Navigator strives to help you make the best decisions in travel. While we produce content according with strict editorial integrity this post may contain references to partner products. Here’s a full explanation for how our team makes money .

• Understanding travel insurance coverage
• Factors to consider
• When travel insurance may not be necessary
• What may be excluded from travel insurance
• How to get travel insurance

What is travel insurance?

Travel insurance is a type of insurance coverage that provides financial protection against unexpected events or emergencies that may occur during your travels, such as trip cancellations, medical emergencies, lost baggage, or other unforeseen circumstances.

What are the main types of travel insurance?

• The main categories of travel insurance are typically based on the type of coverage they provide. Here are the main categories of travel insurance:
• Trip cancellation/interruption insurance: This  covers expenses incurred if you need to cancel or interrupt your trip due to covered reasons such as illness, injury, death, natural disasters, or other unforeseen events. 
• Medical insurance: This provides coverage for medical expenses incurred while traveling. It can include emergency medical treatment, hospital stays, doctor’s visits, medications, and medical evacuations.
• Baggage and personal  belongings insurance: This type of travel insurance protects against loss, damage, or theft of your luggage, personal belongings, and valuables during your trip. 
• Travel delay insurance: This covers additional expenses incurred due to unexpected delays, such as flight cancellations, missed connections, or severe weather conditions. 
• Emergency evacuation insurance: This category assists with the cost of emergency evacuations, particularly in remote or medically inadequate areas. 
• Accidental death and dismemberment insurance: This provides financial compensation in the event of accidental death, loss of limbs, or permanent disabilities resulting from accidents that occur during your trip.

How much does travel insurance cost?

The cost of travel insurance varies depending on several factors, including your destination, the length of your trip, your age, the coverage options you choose, and any pre-existing medical conditions. It is advisable to compare quotes from different insurance providers to find the best coverage at a competitive price.

Where can you buy travel insurance?

Travel insurance can be purchased from various sources, providing flexibility and options for travelers. Here are some common places where you can buy travel insurance:

• Insurance companies: Many insurance companies offer travel insurance policies. You can directly contact insurance providers to inquire about their offerings, receive quotes, and purchase a policy. These companies may have online platforms or local offices where you can access their services.
• Travel agencies: Travel agencies often offer travel insurance as part of their services. When booking your trip through a travel agency, they can provide you with options for travel insurance coverage and facilitate the purchase on your behalf.
• Online travel booking platforms: Online travel booking platforms, such as Expedia , Travelocity, or Kayak, often provide the option to purchase travel insurance during the booking process. These platforms may partner with insurance providers to offer a range of policies that you can select from.
• Credit card companies: Some credit card companies offer travel insurance as a benefit to their cardholders. If you have a credit card with travel-related perks, review the terms and benefits associated with your card to see if travel insurance coverage is included and how to access it.
• Comparison websites: There are online comparison websites that allow you to compare different travel insurance policies from multiple providers. These platforms provide a convenient way to review coverage options, prices, and customer reviews, helping you make an informed decision.
• Specialized travel insurance providers: There are companies that specialize in travel insurance, offering a wide range of policies tailored to different types of travelers and trips. These specialized providers may have additional coverage options or unique features that cater to specific needs, such as adventure travel or long-term travel.

With the rise of vacation rental platforms like Airbnb, travelers are increasingly seeking ways to protect their trips from unforeseen events. This is where Airbnb travel insurance comes into play. 

Let’s take a detailed look at what Airbnb travel insurance is, its importance, who offers it, and whether you should consider purchasing it.

Read also: The Best Travel Insurance Companies of 2024

What is Airbnb travel insurance?

Airbnb travel insurance is designed to cover unexpected events that may affect your travel plans when booking accommodations through Airbnb. This type of insurance can cover a range of incidents, including trip cancellations, interruptions, medical emergencies, and even lost luggage. Essentially, it acts as a safety net, ensuring that travelers can recover some of their costs if their travel plans are disrupted by covered events.

Should you get Airbnb travel insurance?

The decision to purchase Airbnb travel insurance largely depends on your personal risk tolerance and the nature of your trip. If you are planning a costly vacation, or traveling to a location with volatile weather or political climates, travel insurance can be particularly valuable. It offers peace of mind by mitigating financial losses due to last-minute cancellations or medical emergencies.

Here are some scenarios where Airbnb travel insurance can be beneficial:

• High investment trips : If you’re spending a significant amount on your Airbnb bookings, flights, and other travel arrangements, insurance can protect that investment.
• International travel : For trips abroad, where unexpected medical costs and trip delays are more problematic, travel insurance is highly advisable.
• Traveling in uncertain times : During periods of global uncertainty, such as the COVID-19 pandemic, having travel insurance means you’re more likely to recoup costs if plans change unexpectedly.

Navigator Tip

One crucial tip for travelers considering Airbnb travel insurance is to purchase the insurance policy shortly after booking your trip. Many travel insurance policies offer the most comprehensive coverage options, including a “Cancel For Any Reason” benefit, only if the insurance is purchased within a specific time frame after making the initial trip deposit—often within 10 to 21 days.

Buying your insurance early not only maximizes the coverage available but also ensures that you’re protected right from the start of your trip planning. This early purchase is particularly important for trips planned during peak travel seasons or to areas prone to natural disasters, as it secures your investment against a broader range of potential disruptions.

Who offers Airbnb travel insurance?

Airbnb guests residing in the US have the option to purchase travel insurance and assistance services either at the time of checkout or after their booking is confirmed. 

However, there are many third-party providers that offer policies for Airbnb customers as well. One reputable provider in this market is Squaremouth . Squaremouth is known for its transparent approach to selling travel insurance, providing a platform where travelers can compare policies from various insurers to find the best fit for their needs.

When choosing a policy, it’s important to read the fine print and understand what is and isn’t covered. Not all travel insurance policies are created equal, and coverage can vary significantly between providers.

Why consider Squaremouth for your Airbnb travel insurance?

Squaremouth stands out for several reasons:

• Comparison shopping : Squaremouth allows travelers to compare different travel insurance policies from top-rated insurers side by side.
• Customer reviews : The platform offers customer reviews and ratings for each policy, helping you make an informed decision based on other travelers’ experiences.
• Comprehensive coverage options : From trip cancellation to medical emergencies, Squaremouth offers a range of coverage options that cater to various travel needs.

Several insurance companies offer travel insurance policies that are suitable for Airbnb stays, including:

Tin Leg offers travel insurance that is suitable for Airbnb stays, featuring comprehensive coverage options. Their policies typically include benefits such as trip cancellation, interruption, emergency medical coverage, and baggage loss or delay.

Seven Corners

Seven Corners offers various travel insurance plans that can be tailored to include coverage for stays at rental properties like those booked through Airbnb. Their plans often cover medical expenses, trip cancellation, and interruptions.

Are there credit cards that offer travel insurance you can use for booking an Airbnb?

Yes, several credit cards offer travel insurance benefits that can be useful when booking an Airbnb stay. These benefits typically include trip cancellation and interruption insurance, travel accident insurance, baggage delay insurance, and sometimes even emergency medical and evacuation coverage. Here are a few key points to consider if you’re thinking of using a credit card’s travel insurance for your Airbnb booking:

Key features of credit card travel insurance

• Trip cancellation and interruption Insurance : This coverage can reimburse you for non-refundable travel expenses, including Airbnb stays, if your trip is canceled or cut short due to covered reasons such as sickness, severe weather, or other qualifying unforeseen events.
• Baggage delay insurance : If your bags are delayed, this insurance may cover the cost of essential items until your luggage arrives.
• Travel accident insurance : Provides coverage for accidental death or dismemberment that occurs while traveling.
• Emergency medical and evacuation : Some premium credit cards offer this coverage, which can be crucial, especially for international travel. It covers emergency medical expenses and, if necessary, medical evacuation.

Considerations when using credit card travel insurance for Airbnb

Coverage limits : Credit card travel insurance often has lower coverage limits and more exclusions compared to standalone travel insurance policies. It’s essential to review the terms and benefits to ensure they meet your needs.

Eligibility requirements : To activate these insurance benefits, you typically need to pay for a significant portion of your travel expenses with the credit card that offers the coverage. Ensure that your Airbnb booking is eligible.

Specific coverage details : The specifics of what is covered can vary greatly from one credit card to another. For example, some cards may exclude certain types of travel disruptions or reasons for cancellations that standalone travel insurance might cover.

Popular credit cards offering travel insurance

Chase sapphire reserve®.

 Offers extensive travel insurance benefits, including trip cancellation and interruption insurance, baggage delay insurance, and emergency medical coverage.

60,000 Bonus Points

after you spend $4,000 on purchases in the first 3 months from account opening. That’s $900 toward travel when you redeem through Chase Travel℠.

Learn More  –> 

The Chase Sapphire Reserve® is a premium travel card that’s accessible to most travelers as it has a number of valuable and easy-to-use benefits. Its annual fee of $550, though still high, is quickly offset thanks to its $300 travel credit, large welcome bonus, strong spending categories, and premium perks like airport lounge access. It’s also great for those who don’t want to deal with transferring their points, as you’ll get big value when redeeming through Chase’s travel portal.

• Get 50% more value when you redeem your points for travel through Chase Travel℠. For example, 60,000 points are worth $900 toward travel—which is more than the annual fee.
• The $300 travel credit covers anything travel related, whether thats an Airbnb, a taxi, a flight, or hotel, making it almost impossible not to lessen the dent the fee made.
• The points are worth 1.5 cents a piece when used directly on Chase’s Ultimate Rewards Portal, offering a simple but high value use for your points.
• Plenty of excellent transfer partners allow points to be maximized
• Some excellent partnerships with Doordash and Lyft add to its value.
• Priority Pass membership allows access to over 1,300+ airport lounges and restaurants.
• No complimentary elite hotel status, like that offered by the Amex Platinum.
• You won’t earn points on travel purchases until the $300 credit is used.
• It’s subject to Chase’s 5/24 rule. So if you’ve opened five cards in the last two years, you’re most likely not going to be accepted.

Annual Fee: $550   |  Terms Apply   |   Rates & Fees

The Platinum Card® from American Express

This luxury travel credit card offers a hefty welcome bonus, and an annual fee that more than pays for itself thanks to its plentiful perks. The card includes trip cancellation and interruption insurance, as well as travel accident insurance, with generous coverage limits.

80,000 Membership Rewards® Points

after you spend $8,000 on purchases in your first 6 months of card membership

The Amex Platinum was once the sole dominating force in the luxury credit card space. While it now faces some stiff competition, it still offers unbeatable perks like unprecedented airport lounge access, elite status at Hilton and Marriott, and some outstanding statement credits making the mammoth $695 worth it for some.

  PROS

• The Amex Platinum’s typical intro bonus of 80,000 points is massive in itself. It’s worth $800 when spent directly through Amex’s travel portal on flights and hotels, which is already stellar. But when transferred to a partner, it’s very possible to squeeze over $1,600 or more in value. 
• The Platinum has a slew of top-tier benefits, like Priority Pass, which gives the cardholder access to thousands of airport lounges and restaurants around the world, as well as Amex’s own Centurion lounges which are known for the high-quality (and free) food and cocktails. Other perks include up to $200 in Uber credits, up to $200 in airline fee credits (given in statement credits), up to $240 in digital streaming credits, up to $200 towards hotel bookings (given in statement credits) with Amex’s Fine Hotels and Resorts (2 night minimum stay required), and more. Enrollment is required for select benefits.
• A number of statement credits spanning multiple industries can build even more value into the card, including free stays when applied strategically.
• The Amex concierge is an underutilized benefit that can transform a trip by helping book hard-to-find dinner reservations or show tickets.

  CONS

• The $695 annual fee is brutally high. Too high for many that can’t, or don’t want to take full advantage of its benefits.
• Points-earning rates are low unless spending directly on flights or with the Amex Portal.
• Some of the benefits, like travel credits, are more limited and are harder to use than competing cards’ offerings. 

Annual Fee: $695  |   Terms Apply  |   Rates & Fees

For just a $95 annual fee, the Capital One Venture Rewards Credit Card gives you one of the loudest bangs for your buck. It also provides travel accident insurance and lost luggage reimbursement, among other benefits.

Capital One Venture Rewards Credit Card​

75,000 Bonus Miles

after you spend $4,000 on purchases in the first 3 months of account opening.

The Capital One Venture is an excellent go-to card for any traveler, thanks to its easy to navigate 2 miles per dollar on every purchase. With no bonus categories to consider, a reasonable $95 annual fee, and a strong 75,000-mile intro offer worth over $1000, Alec Baldwin might be onto something. 

• The Capital One Venture’s 75,000 mile intro bonus is worth $750 when spent on Capital One’s (recently revamped) travel portal or you can use your miles to cover your recent purchases. The bonus rises to well over $1000 when transferred to an airline or hotel partner.
• A steady 2 miles per dollar on all purchases makes earning simple and lucrative. You’ll also grab 5 miles per dollar when booking through Capital One’s travel portal.
• Its $95 annual fee is almost negligible, especially if the intro bonus is achieved Flexible miles allow for a wide array of redemption options
• You can enjoy a two free visits to a Capital One Lounge each year
• You’ll get up to a $100 credit for Global Entry or TSA PreCheck® membership which can help make airport security a breeze.
• Capital One lacks US-based airline and hotel transfer partners
• Not many major perks beyond its miles value

Annual Fee: $95   |  Terms Apply  |   Rates & Fees

Airbnb travel insurance is a crucial consideration for travelers looking to protect their trips from unexpected disruptions. Whether facing trip cancellations, medical emergencies, or other unforeseen events, the right insurance policy can safeguard your travel investments and offer peace of mind. While third-party providers like Squaremouth provide a broad range of options to cover Airbnb stays, don’t overlook the benefits that may already be available through your credit card.

Many credit cards offer travel insurance benefits, including trip cancellation and interruption coverage, which can be applicable to Airbnb bookings. However, it’s important to understand the specifics of these benefits, as coverage limits, eligibility requirements, and covered reasons for cancellation can vary significantly.

Ultimately, whether you opt for a standalone travel insurance policy or utilize the benefits from your credit card, the key is to ensure that you have comprehensive coverage tailored to your specific travel needs. By carefully reviewing your options and understanding the coverage you choose, you can enjoy your Airbnb experience with greater confidence and security.

Read also: The Best Credit Cards for Travel Insurance Benefits

Editorial Disclaimer: Opinions expressed here are the author’s alone. This post contains references to products from one or more of our partners and we may receive compensation when you click on links to those products.

Our Top Travel Card Picks​

Chase Sapphire Preferred® Card

60,000 bonus points

after you spend $4,000 in the first 3 months

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after you spend $8,000 in the first 6 months

Chase Ink Business Preferred® Credit Card

100,000 bonus points

after you spend $8,000 on purchases in the first 3 months

Capital One Venture Rewards Credit Card

75,000 bonus miles

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Airbnb Travel Insurance for Guests: Cost, details, limitations, differences with Aircover

Thibault Masson

Updated on: July 21, 2022

Airbnb is rolling out its guest travel insurance in the US, the UK, and 8 countries of the European Union . The company had been working on it for at least two years. Unlike its Aircover for guests program, which is free, this travel insurance is a paid product . Travelers can purchase it while completing their booking. Big insurance company names are behind the insurance program (e.g. Europ Assistance, Generali, AON). Let’s discover what Airbnb’s travel insurance exactly covers, when it can be used, and wha t impact it can have on existing host cancelation policies . We’ll also see why it is difficult to roll out a travel insurance offering globally.  

Airbnb is not the first vacation rental listing platform to be offering travel insurance to its guests. Vrbo has been selling travel insurance products in the US created by Generali (formerly CSA Travel Protection) for years. At a time when online travel agents like Hopper are promising incremental revenues from FinTech products to their investors, it is also good for Airbnb to announce a way to make money on insurance products, after giving away host insurance liability for free, for instance.

Where is Airbnb’s travel insurance available?

Airbnb is launching its guest travel insurance in the following countries:

• the Netherlands,
• Austria, 

Airbnb is planning on making its travel insurance available to guests in other countries in the future. Our guess is that Airbnb will then go after other markets in the European Union, such as France, as it already has set some insurance operations within the EU. Then, other countries with similar insurance industry setups such as Australia come could.

Rolling out insurance is really a matter of going at it country by country and even state by state in the US. Insurance regulations are very strong and differ from one country to another in the EU and one state to another in the US.  

For countries in South America, parts of Asia, and Africa, things will probably take more time.

What does the Airbnb travel insurance cover and when can a guest make a claim? Disover this trip cancellation insurance which does not infringe existing host cancellation policies.

What the airbnb travel covers, for instance, in the us:.

In the US, the Airbnb travel insurance is powered by the Generali insurance company. The plan includes:

• Trip cancellation:  Get reimbursed for up to 100% of your non-refunded Airbnb reservation cost if you cancel for a covered reason, such as: iIllness or injury, flight cancellations and delays due to weather, or mandatory evacuations due to weather.
• Travel delay:  Get reimbursed for certain additional expenses you incur because your trip is delayed for 12 hours or more for a covered reason, such as: flight delays, passport theft, or adverse weather.
• Medical:  Get reimbursed for doctor-ordered medical services during your trip, such as: hospital services, ambulance services, and prescription medicines.
• Baggage:  Get reimbursed for lost, stolen, or damaged baggage, lost, stolen, or damaged travel documents, and unauthorized use of credit cards during your trip.

The plan also comes with other coverages and perks, like 24/7 emergency and travel assistance services. With just a phone call, you can get help with anything from a medical referral to a restaurant recommendation.

What does the Airbnb travel insurance mean for a host?

Airbnb’s travel insurance for guests promises a payment for up to 100% of their non-refunded Airbnb reservation costs if their trip is impacted by specific events, such as

• bad weather,
• stolen travel documents,
• or serious illness.

Airbnb’s travel insurance is more like a trip cancellation insurance that works under certain conditions than a cancel-for-any reason insurance product.

Basically, if a traveler has to cancel their trip:

• The existing host cancellation policy will apply.
• Let’s take the example of a booking made under the Airbnb Strict cancellation policy . It allows guests to receive a full refund if they cancel within 48 hours of booking and at least 14 days before a listing’s check-in time. In the event of a cancellation within 48 hours, the guest is only entitled to a 50% refund, regardless of how far out the check-in date is. S o, the host only pays back 50% of the Airbnb reservation cost.
• Now, if specific events listed and covered by the Airbnb travel insurance occur, then travel insurance can refund up to the remaining 50% .
• Note that, unlike with Aircover, the insurance provider will not seek to recover any money from the Host if a guest files a travel insurance claim

What exactly is the “Airbnb booking cost” that is covered?

To our understanding, the Airbnb booking cost is what the guest pays to the host. It may or may not include Airbnb’s service fee. Depending on the existing host cancellation policy, the travel insurance will pay the guest the part of the booking cost that the host got to keep as per the cancellation policy.

For example, if the Host refunds 50% of the Airbnb reservation cost based on their cancellation policy, travel insurance can refund up to the remaining 50% if the guest cancels for a covered reason.

How about COVID-19?

At Airbnb, for any booking made on or after May 31, 2022, being sick with COVID-19 will no longer be considered an extenuating circumstance. This is also the case on most online travel platforms such as Booking.com and Vrbo?

According to Airbnb, its guest travel insurance “could” cover costs related to COVID as it can cover “serious illness”: “If a guest purchases travel insurance, they could be covered should they become sick with COVID-19 (as diagnosed by a licensed doctor) and other policy terms are met. So, it may depend on where the guest booking is from, among other things.

If they are worried about having to cancel a trip due to COVID-related reasons,  Airbnb recommends travelers buy travel insurance. So, it would make sense that Airbnb started selling such an insurance product to its guests.

How can you buy guest travel insurance on Airbnb?

Guests get the option to purchase travel insurance during the booking process. The Airbnb guest travel insurance cannot be bought separately or after the booking has been made.

• During booking, guests are given the option to add travel insurance.
• Dedicated screens provide details about what the policy covers and key exclusions.
• If they’re interested, guests simply add travel insurance to their booking and check out.
• The guest’s travel insurance premium is a percentage of their total trip cost and will appear as a line item at checkout. 
• After completing their reservation, guests who added travel insurance will receive an email confirmation with their policy’s details and information about how to file a claim

Is it free or paid?

The Airbnb travel insurance is not free, can be purchased at booking time and covers up to 100% of Airbnb booking cost 

How much does the Airbnb guest travel insurance cost?

The cost of Airbnb’s travel insurance is not a fixed cost. It varies according to the total trip cost (as well as the location of the guest making the booking). The guest’s travel insurance premium is a percentage of their total trip cost and will appear as a line item at checkout. 

What are the differences between Aircover for guests (free) vs Airbnb travel insurance (paid)?

So here are the main differences with Aircover for guests:

• Aircover for guests is free, while Airbnb’s travel insurance is a paid product.
• Aircover relies on a set of processes that force hosts to pay back guests in case of major issues (e.g. impossible to check-in, a major listing feature missing such as air conditioning)
• Airbnb’s travel insurance is underwritten by large insurance companies such as Generali.
• Aircover for guests is triggered when things do not go well due to issues on the host side, while the guest travel insurance covers trip cancellations due to bad weather or the guest falling sick.
• While Aircover for guests often gets down to hosts refunding money to guests, Airbnb’s travel insurance is money paid by the insurance company to the guests (no money is retrieved from the host on top of the existing host cancellation policy).

Aircover for guests is a set of protections that rely on hosts refunding money. It is no insurance, unlike the guest travel insurance product being introduced 

Du ring its Summer 2022 Release event , Airbnb announced a program called “Aircover” which offers new booking protections for guests, for free. These are protections, not insurance. Basically, they rely on Airbnb’s ability to get money back from the host to the guest in case of a substantial breach in what the guest was expecting (e.g. Air conditioning or a swimming pool were listed by the host but they are not actually available at the property).

The protections offered to guests through Airbnb’s Aircover are presented as unique and ground-breaking. Yet, they look like a nice repackaging of existing services that companies such as Booking.com have been offering for years (e.g., helping find a place for the guest should the host cancel). Now, better packaging protections, giving them a name (Aircover), and merchandising them well on the website (Aircover is mentioned high on every listing page) make up good product marketing work. If competitors have been doing the same but have done a bad job at saying so, travelers will indeed have the impression that what Airbnb is offering for free is new and superior in terms of booking protections.

On the guest side, Aircover is no insurance product. It is more the sum of a series of policies and procedures imposed on the host, especially the recently updated and much-contested rebooking and refunding policy.

Aircover is about guaranteeing that Airbnb will either find a new place or refund the guest (e.g., Check-In Guarantee: If a guest can’t check in to a place and the host isn’t able to resolve the issue, Airbnb will find the guest a similar or better home for the length of their original stay at Airbnb’s expense, or we’ll refund them.

To deliver on its promises to guests, Airbnb needed to set the equivalent expectations upon hosts . This is why the company had previously informed its hosts that it was updating its Rebooking and Refund Policy . For instance, it has made it plain and clear to hosts that they may have to refund guests should the host cancel a booking or the guest find that something crucial promised in the listing was actually missing from the property. You will notice that this is the exact mirror of the protections offered to guests, and it makes sense: The money refunded to guests through Aircover actually comes from hosts having to refund them according to the updated rebooking and refund policy. 

Why did Airbnb make its travel insurance a paid product, while Aircover for guests and Aircover for hosts are free?

If Airbnb were to offer free travel insurance, it would also have to pay an insurance premium to a professional insurer . Given the volume of Airbnb bookings, it would represent a lot of money and would dent Airbnb’s profitability.

First, Airbnb would not need to cover all its guests, as some already have their travel insurance. Also, unless a reservation is non-refundable, a guest may have a chance to get their money back by canceling their booking or asking their host for some flexibility. Hosts may not like to hear it, but, in a way, flexible cancellation policies are a form of travel insurance for guests.

Second, Airbnb seems to see travel insurance as a money-maker. After all, Vrbo has been flogging insurance products to guests and owners for years, probably making a lot of money from its insurance provider Generali.

• In August 2021, during a quarterly earnings call, a financial analyst asked Airbnb leaders whether the take rate, currently at 15% on average, would increase in the future. The answers were quite interesting.
• First, Airbnb mentioned, “opportunities (such as) guest travel insurance”. So, the take rate could increase from commissions on travel insurance that Airbnb would sell to guests.

Another reason why it could be a paid product for guests is Hopper’s success at selling its “cancel any time” and “price freeze” guarantees. It shows that consumers are ok to pay for an added service. Airbnb’s shareholders may be happy to hear that the company is trying to increase its margins, as Hopper is doing. With the launch of Hopper Homes, the competition between the two companies is increasing.

What’s the impact of Airbnb’s travel insurance on existing host cancellation policies?

There is no impact on a host’s cancellation polic y. If a guest cancels, they forfeit whatever money was due under the cancellation policy they had signed up for. The host gets to keep the deposit.

What the travel insurance brings about is that the guest can ask the insurance company to refund the money that the host has kept for themselves (as per the existing cancellation policy).

So, Airbnb has found a way to enforce host policies, while allowing guests to lower their risk through travel insurance. According to the company, if travelers who buy a policy cancel their booking for a covered reason, they’ll be able to file a claim to seek reimbursement for up to 100% of their non-refunded Airbnb booking cost. This may reduce the possibility of guests asking Hosts for a refund outside the terms of their Hosts’ cancellation policies.

The challenges of offering an insurance product on a global basis

When Airbnb first revealed that its $1,000,000 Host Guarantee had gone global ten years ago, the industry wondered how Airbnb had pulled it off. How can they have created and launched such an insurance product globally? The answer was that the company could, as this was no insurance. This was a guarantee, built on processes and tools such as the Resolution Center . In some iffy cases, Airbnb was probably also ready to spend some money of its own the solve the issue. So, no need to care about local insurance regulations across 130+ countries. No insurance, just a guarantee.

It is somewhat easier to roll out a liability insurance program for hosts ( as Booking.com just did ), as the risk is a bit more standard and as insurance companies have some existing products that can be used. This is why Aircover for Hosts has a real liability insurance product, while, on the damage protection side, Airbnb is still relying on the Resolution Center.

The Airbnb Guest Travel Insurance has been in the works for almost two years!

• On March 30, 2020, during an emergency live stream held with Airbnb hosts in the thick of the COVID crisis, B rian Chesky announced that the company was working on travel insurance ,
• In 2021, Airbnb discreetly launched its Travel Insurance page and started recommending guests purchased a travel insurance product at the end of its booking process. Airbnb here was merely redirecting travelers to third-party websites, such as the travel insurance aggregator InsureMyTrip in the US and insurance company Europ Assistance (part of the Generali Group) in Europe,
• In August 2021, during a quarterly earnings call, Airbnb mentioned working on opportunities such as  “guest travel insurance”,
• On January 2, Brian Chesky confirmed in a tweet that the company was working on guest travel insurance

Who are the insurance companies behind Airbnb’s travel insurance?

It is always hard to pull off global coverage, as insurance is really more like a series of national businesses due to local regulations . Airbnb had to create subsidiaries that deal with insurance on local or regional levels, such as Airbnb Insurance Agency LLC in the US and Airbnb UK Services Limited in the UK.

Two partners with Aon + Europ Assistance Group (and its U.S. subsidiary, Generali Global Assistance), to introduce travel insurance for guests. Both AO

• For guests in the U.S., the travel insurance plan is offered by Airbnb Insurance Agency LLC , which is licensed as an insurance agency in all states of the U.S. and the District of Columbia, and underwritten by Generali US Branch of New York, N.Y.
• For guests in the U.K., travel insurance is underwritten by Europ Assistanc e SA. Travel insurance is arranged by Airbnb UK Services Limited . Airbnb UK Services Limited is an appointed representative of Aon UK Limited
• For guests in the EU, travel insurance is underwritten by Europ Assistance S.A., acting through its Irish Branch

Airbnb has been working on its guest travel insurance product for over two years and announced that it will be launching the product in Spring 2022. The COVID-19 pandemic has forced Airbnb to expedite the launch of this product. The company is launching its travel insurance as a paid product in 10 countries. More countries, at least within the European Union, should soon be covered.

Airbnb stacks this paid product on top of its free Aircover booking guarantees. This way, it wants to show that it is already offering a great level of protection but that money can buy guests something extra. It certainly does not hurt that insurance products have comfortable margins and that it is also a good move for Airbnb’s bottom line.

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Does Travel Insurance Cover AirBnb? Everything You Need to Know

Last Updated: July 17, 2023 May 14, 2024

Since it launched in 2008, Airbnb has become a household name among avid and casual travelers. By offering unique vacation accommodations and experiences, Airbnb is able to provide a service that many hotel chains simply can’t compete with. 

However, these stays often come with a steep price tag, with NerdWallet reporting that Airbnb stays can be more expensive than hotels for many solo travelers and couples. With high costs involved, it’s no surprise that Airbnb guests are looking to protect their trip investment in case they can no longer travel. 

Does Travel Insurance Cover Airbnb?

Yes, travel insurance policies can offer coverage for Airbnbs, or similar vacation rentals like VRBO . In the vast majority of cases, travel insurance providers will treat your Airbnb stay as it would a hotel, resort, or other type of lodging arrangement. This means your booking must be prepaid and nonrefundable in order to be covered by insurance. 

Some examples of coverage you may receive through a travel insurance policy for your upcoming Airbnb stay include:  

• Last-minute cancellations by your Airbnb host
• Airbnb booking cancellations due to you or someone in your group falling ill
• Your personal belongings being stolen from the rental property
• If you need to return home early for a covered reason
• If the Airbnb is or becomes uninhabitable

Having a travel insurance plan heading into an Airbnb stay offers plenty of benefits and protection as a guest. At a fraction of the cost of your stay, a policy can offer financial protection for you and your group.  

Does Airbnb Offer Travel Insurance?

According to Airbnb’s website , guests in the U.S., U.K., Germany, France, and other European Union nations buy travel insurance when booking a trip on Airbnb. This insurance is offered through Generali , and guests can add the policy to their booking when making a reservation. The premium will be shown as a line item at checkout. 

What Does it Cover?

The policy offered through Airbnb provides coverage for a wide-range of travel concerns and a competitive price. Coverage includes the following: 

• Trip Cancellation: Get reimbursed up to 100% of your Airbnb cost if you need to cancel due to serious illness or flight cancellations and mandatory evacuations relating to weather. The cancellation policy covers guests’ unused Airbnb reservation costs should they have to return home for a covered reason.
• Flight Delay : Receive up to $750 per person for covered delays more than 12 hours. 
• Medical Emergencies: Get reimbursed up to $50,000 for doctor ordered medical services including hospital bills, ambulance rides, and prescription medicines. This policy will not cover medical emergencies relating to a pre-existing medical condition unless stated otherwise.
• Baggage Loss & Delay: Guests can get reimbursed up to $1,000 per person for lost, damaged, or stolen baggage and travel documents, as well as unauthorized use of credit cards. If baggage is delayed, policyholders are covered for up to $250 in expenses to purchase necessary items such as toiletries and clothes. 

The above insurance coverage was accurate at the time of publishing this article, but is subject to change.You can see the full policy details  here .

How Much Does Airbnb Travel Insurance Cost? 

Much like most comprehensive  single-trip travel insurance policies , AirBnb’s travel insurance premium is a percentage of the total reservation cost. Generally, the cost of Airbnb travel insurance is similar to the cost of a policy purchased through a travel insurance provider or comparison site like  Squaremouth . Your premium will depend on the length of your stay, your trip costs, your age, and other risk factors. 

Should You Get Your Travel Insurance Through AirBnb ?

While Airbnb offers their own policy, it’s always smart to compare policies that offer similar benefits to find the best coverage for the best price. Cost and coverage can vary dramatically from one travel insurance company to the next, so we recommend comparing policies from multiple sources before making an insurance decision.

Some places to get quotes may include Airbnb, comparison sites, and airlines. 

Squaremouth’s Travel Insurance Recommendations:

For most trips that involve a vacation rental , we recommend a comprehensive travel insurance policy that includes the following benefits:

• Trip Cancellation : Provides reimbursement for your prepaid, non-refundable trip costs if you need to cancel for a covered reason, such as unforeseen injuries, illness, and natural disasters .
• Trip Interruption : Offers reimbursement for any unused, non-refundable trip costs if you need to end your trip early for a covered reason.
• Travel Delay : Covers the cost of food and accommodation if your flight is significantly delayed on route to your destination.
• Emergency Medical : Covers the cost of emergency medical services, including hospital bills and ambulance rides, if you experience an unforeseen illness or injury during your trip. Exclusions apply.
• Medical Evacuation : Will reimburse the cost of emergency medical evacuation transportation services if deemed necessary for adequate treatment.
• Baggage Delay : Provides reimbursement for clothes, toiletries, and other necessities if your baggage is delayed in transit by at least 24 hours.
• 24-Hour Travel Assistance : Every travel insurance provider on Squaremouth offers 24-hour support before and during your trip, as well as insurance claim assistance.

Is It Worth It to Get Travel Insurance For An Airbnb?

The financial cost of traveling can be significant, especially when considering the cost of Airbnb’s, airfare, and pre planned activities. Getting travel insurance can mitigate the risk of financial loss by providing comprehensive coverage for common travel disruptions, including medical emergencies, delays, and canceled flights. 

Be sure to read through all policies and their fine prints before choosing a plan. While Airbnb does offer generous coverage, it may not cover everything you plan to do on your trip. In this case, we suggest reviewing comprehensive policies from other reputable providers.

Is Airbnb Travel Insurance Worth It for Your Next Vacation?

Are you planning a trip and considering booking an Airbnb rental? If so, you may have come across the option to purchase travel insurance. But is Airbnb travel insurance worth the extra cost? In this article, we’ll explore the ins and outs of Airbnb’s travel insurance to help you make an informed decision.

What Does Airbnb Travel Insurance Cover?

Airbnb travel insurance is designed to protect you from unexpected events that could disrupt your trip. Here’s what it typically covers:

• Trip Cancellation : If you need to cancel your trip due to covered reasons such as illness, injury, or natural disasters, Airbnb travel insurance can reimburse you for the non-refundable cost of your rental.
• Flight Cancellation : If your flight is canceled due to severe weather conditions, the insurance can cover the cost of rebooking or alternative transportation.
• Trip Delays : If your trip is delayed for more than 12 hours, the insurance can provide coverage for additional expenses such as meals and accommodations.
• Baggage Loss or Delay : If your luggage is lost or delayed during your trip, the insurance can reimburse you for essential items or replacement costs.
• Travel Document Protection : If your travel documents, such as passports or visas, are lost or stolen, the insurance can cover the cost of replacing them.

It’s important to note that Airbnb travel insurance does not cover issues related to the rental property itself. For instance, if the rental doesn’t meet the advertised standards or if the host cancels at the last minute, you’ll need to rely on Airbnb’s AirCover program for assistance.

How Much Does Airbnb Travel Insurance Cost?

The cost of Airbnb travel insurance varies based on the total cost of your trip. Generally, it’s calculated as a percentage of your rental cost, typically ranging from 5% to 12%. For example, if your Airbnb rental costs $1,000, the travel insurance could cost anywhere from $50 to $120.

Is Airbnb Travel Insurance Worth It?

Whether Airbnb travel insurance is worth it or not depends on several factors, including:

• Length of Your Trip : If you’re planning a shorter trip, the cost of travel insurance may not be justified. However, for longer trips or international travel, the insurance could provide valuable protection.
• Cost of Your Rental : The more expensive your Airbnb rental, the more valuable travel insurance becomes. If you’re spending a significant amount on accommodations, the insurance can help protect your investment.
• Your Travel Habits : If you frequently travel or have experienced trip disruptions in the past, travel insurance may be a wise investment.
• Existing Coverage : Check if you already have travel insurance through your credit card, travel rewards program, or other sources. If you have sufficient coverage, you may not need to purchase Airbnb’s travel insurance.

Alternative Travel Insurance Options

While Airbnb travel insurance can provide peace of mind, it’s not the only option available. You can also consider purchasing a comprehensive travel insurance policy from a third-party provider. These policies often offer more extensive coverage, including:

• Trip interruption and trip delay coverage
• Medical and dental coverage
• Emergency evacuation coverage
• Rental car coverage

However, third-party travel insurance policies may be more expensive than Airbnb’s offering, so it’s essential to compare costs and coverage options to find the best fit for your needs.

Pros and Cons of Airbnb Travel Insurance

To help you make an informed decision, here are some pros and cons of Airbnb travel insurance:

• Convenience: Purchasing travel insurance through Airbnb is a seamless process, as it’s integrated into the booking platform.
• Rental Protection: Airbnb travel insurance can provide coverage for the non-refundable cost of your rental if you need to cancel your trip due to covered reasons.
• Affordable: Compared to comprehensive third-party travel insurance policies, Airbnb’s insurance can be more budget-friendly.
• Limited Coverage: Airbnb travel insurance primarily covers issues related to trip disruptions and does not provide comprehensive coverage for medical emergencies, lost or stolen personal items, or rental property issues.
• Existing Coverage: If you already have travel insurance through other sources, such as credit cards or travel rewards programs, Airbnb’s insurance may be redundant.
• Cancellation Restrictions: Once your trip begins, you cannot cancel the Airbnb travel insurance policy.

Final Thoughts

Airbnb travel insurance can provide valuable protection for your vacation rental, but its value ultimately depends on your specific travel needs and existing coverage. Before purchasing the insurance, carefully review the policy details, consider the cost of your rental, and evaluate your overall risk tolerance.

If you decide to forgo Airbnb’s travel insurance, be sure to explore alternative options, such as third-party travel insurance policies or relying on existing coverage through credit cards or travel rewards programs.

Regardless of your decision, it’s always a good idea to familiarize yourself with Airbnb’s cancellation policies and the host’s specific rules to ensure you’re fully prepared for any potential disruptions during your trip.

Happy and safe travels!

AirBnB Insurance: What You Need to Know

Should I get insurance for my Airbnb?

Does travel insurance cover Airbnb cancellations?

What does Airbnb insurance cover for guests?

Does Airbnb insurance cover medical?

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Should you purchase travel insurance for your vacation rental?

Vacation rentals booked through Airbnb and its alternatives have become popular holiday destinations for all types of travelers, from extended families staying in large beachfront homes to couples vacationing in swanky city apartments.

But what happens if these rental properties, especially ones worth millions of dollars, get damaged before you arrive or if your plans unexpectedly change, causing you to need to cancel or shorten your stay?

While the exact outcome will depend on the situation, if you purchase travel insurance , you may find you're eligible for compensation.

So how do you know if it's worth the investment before your next trip? TPG dug into the details to determine what standard travel insurance policies may cover you for when staying at home rentals — and when you may want to purchase some additional coverage.

For more TPG news and tips delivered each morning to your inbox, subscribe to our daily newsletter .

What travel insurance covers for vacation rentals

Traditional travel insurance policies offer features that will cover you and your invested travel costs, whether you're staying at a hotel , friend's house or rental property. Although the exact benefits for vacation rentals may vary slightly depending on the policy you choose, there are a few situations that most will cover.

Your vacation is canceled due to sickness, injury or an emergency

Many hotels offer free cancellations until two or three days before arrival so long as you book your rooms with flexible rates. However, this is rarely the case for vacation rentals, which often have strict cancellation policies requiring 30 to 60 days of advance notice to cancel without penalty. Some even go so far as to have completely nonrefundable deposits, regardless of the cancellation circumstances.

Fortunately, there's a workaround to this conundrum if you find yourself in an unexpected situation involving your health or the health of someone close to you: trip cancellation coverage. If you have insurance with trip cancellation coverage and cannot complete your trip as planned due to select health-related issues, you'll be able to recoup up to 100% of your nonrefundable costs.

While the exact cases that are eligible for complete reimbursement vary by policy, know that many pertaining to health are covered. For example, World Nomads ' trip cancellation insurance policy will cover you in the event you need to cancel your vacation, including any stays at home rentals, due to illness, injury or a death in the family.

You have to cut your vacation short due to a medical reason or natural disaster

In addition to helping you out when you need to cancel your entire vacation, insurance can reimburse you for early departure fees when you find yourself needing to cut your vacation rental stay short. Know, though, that you'll need to have a policy offering trip interruption protection to be eligible for this perk.

Covered reasons for ending your stay early will vary from plan to plan, but typically, policyholders can expect reimbursement due to health-related issues and natural disasters like hurricanes, wildfires and blizzards. For instance, IMG's travel insurance covers sickness, injury and natural disaster evacuations when cutting vacation rental stays short.

You cannot stay at the rental due to it being uninhabitable

If you book a vacation rental that is not fit for human habitation, then the booking company or owner should refund all your costs. However, there are rare occasions when this does not happen, so it's important to have travel insurance as a backup.

To qualify for reimbursement from your travel insurance provider due to uninhabitable conditions, you'll need to read the fine print of your chosen policy. Allianz , for example, defines uninhabitable as "a natural disaster, fire, flood, burglary or vandalism that has caused enough damage (including extended loss of power, gas or water) to make a reasonable person find their home or destination inaccessible or unfit for use."

Other situations, such as having an unpleasant or dirty vacation rental , would not be enough to trigger this coverage.

Should you have to find another property or cancel your trip completely due to uninhabitable conditions at your original rental, your travel insurance plan will cover the added costs you incur.

Related: 13 mistakes to avoid on your next vacation home rental

What travel insurance won't cover for vacation rentals

As you may expect, there are some situations when travel insurance won't cover extra expenses related to stays at rental properties. To have a solid understanding of what to expect, be sure to read the fine print of any insurance product you choose. Only circumstances listed in the policy will be covered. The following are two key reasons why you wouldn't be covered.

You accidentally damage the property during a typical stay

Most travel insurance policies will not cover the costs of damage you incur at a rental property, even if it was done by accident. As a result, you must pay for a replacement or repair to any item you accidentally break or damage, such as a work of art, a garage door or wine glasses. Depending on the item in question, this can quickly add up.

If you have a homeowners or renters insurance policy, know that it may include protection beyond regular limits called "umbrella" coverage, which can help cover damage caused at a rental property. Keep in mind, though, that you'll have to pay your deductible first. Additionally, your home insurance rate may rise if you submit a claim for vacation rental damage.

Should you wish to stick with travel insurance, you may be able to add extra vacation rental coverage to a traditional policy to assist with accidental damage. Faye's travel insurance , for example, has an add-on feature that offers "coverage if you unintentionally damage the vacation rental property you're staying in or its contents, while in-trip." It costs about 10% of what you'll spend on the main policy itself.

You damage the property while hosting a party

Across the board, travel insurance policies are much more strict about damage caused during parties. If you host an unapproved party or event at a rental property and damage any part of the rental, you will be responsible for covering costs associated with repairs and replacements.

Even approved events are not entirely off the hook for any damage caused to the property. Should you decide to use a vacation rental for an approved event like a wedding or family reunion, expect the booking company or owner to require you to purchase an event-specific insurance policy that covers guest liability, home damage and other items that may be specific to the location.

Related: 6 truths and myths about 'cancel for any reason' travel insurance

Bottom line

Home rentals can be a great lodging solution when you're on vacation, especially if you're traveling with family or friends. However, the high cost of some vacation properties and the cancellation policies often in place mean you should probably purchase some kind of travel insurance to protect your investment.

Typical travel insurance policies will offer coverage for your vacation rental costs should your trip be canceled or delayed for events covered under the policy, but you may be on the hook for other scenarios. As a result, it's vital you pay careful attention to your policy's terms. Doing so will ensure you know what to expect should you face an unexpected situation while enjoying your temporary home away from home.

Related: 7 things to look out for when buying travel insurance, according to an expert

Home » Booking » Is Airbnb Travel Insurance Worth It?

Is Airbnb Travel Insurance Worth It?

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What is Airbnb Travel Insurance?

Guest refund policy, host return policy, comparison with other travel insurance options, airbnb host protection insurance, how to purchase airbnb travel insurance, tips for choosing the right coverage, frequently asked questions.

Airbnb has become a popular accommodation option for many travelers. The platform offers a unique opportunity to stay in local homes, apartments, or other types of properties.

One of the many features that Airbnb offers is travel insurance . The insurance policy provided by Airbnb covers trip cancellations, interruptions, and damages that might occur during your stay.

But is it worth it? In this article, we will explore all that you need to know about Airbnb travel insurance to help you determine whether it is worth the investment.

It is a type of insurance policy that provides coverage for unexpected events that might occur before, during, or after your trip.

This policy is designed to help protect travelers against financial loss due to unforeseen events such as trip cancellations, delays, or interruptions.

Different insurance companies provide Airbnb travel insurance, and the coverage and terms vary depending on the provider.

Two types of insurance policies are available to guests: the Guest Refund Policy and the Host Protection Insurance policy.

The Guest Refund Policy protects guests against certain unforeseen circumstances, such as the property being significantly different from what was advertised, last-minute cancellations by the host, and the property is unavailable.

If any of these circumstances occur, the guest can receive a refund of their reservation fees.

Host Protection Insurance is a policy that Airbnb offers to hosts . This policy provides protection against property damage and liability claims that might occur during a guest’s stay.

This insurance policy is free for all Airbnb hosts and covers up to $1 million in damages or liability claims.

Pros and Cons of Airbnb Insurance

Like any insurance policy, Airbnb insurance has its pros and cons. Before purchasing the policy, it’s essential to weigh these factors in determining whether it’s worth the investment.

• One of the primary advantages is that it provides peace of mind. Traveling can be stressful; unexpected events such as flight cancellations, illnesses, or natural disasters can disrupt your travel plans. With the insurance provided by Airbnb , you can be confident that you’re covered in case of any unforeseen events.
• Airbnb travel insurance covers trip cancellations and interruptions due to unforeseen circumstances such as sudden illness, injury, or natural disasters. This coverage can help you recoup any non-refundable fees and expenses associated with your trip.
• It also covers damages and losses that might occur during your stay. This includes damages to the property, theft of personal belongings, and injuries that might occur during your stay.
• One of the main disadvantages of Airbnb travel insurance is that the coverage is limited. The policy only covers specific events, and the coverage limits might not be enough to cover all your expenses in case of a significant event.
• Insurance by Airbnb is an additional cost that you’ll have to factor into your travel budget. The cost of the policy can vary depending on the provider and the coverage you select.
• Airbnb only covers up to a certain number of damages, losses, and cancellations. If the expenses exceed the coverage limit, you’ll have to cover the remaining costs out of pocket.

When considering Airbnb insurance for traveling, it’s essential to compare it with other options to determine which policy best suits your needs.

Traditional insurance policies provide broader coverage than Airbnb.

These policies cover a wide range of events, including trip cancellations and interruptions, medical emergencies, and lost or stolen baggage.

However, traditional insurance policies can be more expensive than Airbnb travel insurance.

Some credit cards also offer travel insurance benefits as a perk.

However, these policies might not provide the same level of coverage as traditional policies, and the coverage limits might be lower than what Airbnb has to offer.

In addition to the guest refund policy, Airbnb also provides Host Protection Insurance for hosts.

This policy provides protection against property damage and liability claims that might occur during a guest’s stay. The policy covers up to $1 million in damages or liability claims.

Host Protection Insurance is free for all Airbnb hosts and protects against a wide range of events, including theft, vandalism, and accidents.

This policy can provide hosts with peace of mind knowing they’re protected in case of any unforeseen events that might occur during a guest’s stay.

To purchase Airbnb travel insurance, follow these steps:

• Log in to your Airbnb account and search for the property you’d like to book .
• You’ll see an option to add travel insurance on the booking page. Click on the “Add” button to view the available policies.
• Choose the policy best suits your needs and review the coverage and terms.
• Complete the booking process, and the travel insurance policy will be added to your reservation.

When choosing Airbnb travel insurance, it’s essential to consider the following factors:

• Coverage limits: Ensure that the coverage limits are sufficient to cover your expenses in case of a significant event.
• Types of coverage: Review the available coverage types and ensure they align with your needs.
• Provider: Choose a reputable insurance provider with excellent customer service and a reliable claims process.
• Cost: Consider the cost of the policy and ensure that it fits within your travel budget.

1. Is Airbnb travel insurance mandatory?

It is not mandatory, but protecting yourself against unforeseen events is recommended.

2. Does Airbnb insurance cover flight cancellations?

No, it only covers trip cancellations and interruptions due to unforeseen circumstances such as illness, injury, or natural disasters.

3. How much does Airbnb travel insurance cost?

Its cost varies depending on the provider and the coverage you select. The cost can range from a few dollars to several hundred dollars.

4. Can I cancel my Airbnb insurance policy?

Yes, you can cancel your insurance policy, but you must do so before your trip starts.

Airbnb insurance can provide peace of mind for travelers and hosts alike. The policy covers unexpected events such as trip cancellations, interruptions, and damages that might occur during your stay.

While the coverage limits and costs might be a concern, it can be a valuable investment for those who want to protect themselves against unforeseen events.

When considering insurance by Airbnb, it’s essential to review the available coverage types, the coverage limits, and the cost to determine whether it’s worth the investment for your specific travel needs.

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Is Airbnb Travel Insurance Worth It? Exploring the Pros and Cons

Planning a vacation can be an exciting experience, but it’s essential to consider all aspects of your trip, including travel insurance. While Airbnb offers its own travel insurance policy, you might be wondering, “Is Airbnb travel insurance worth it?” In this article, we’ll take a closer look at Airbnb’s insurance coverage, exploring its benefits and drawbacks to help you make an informed decision about protecting your trip.

Understanding Airbnb Travel Insurance:

Airbnb offers a built-in Host Protection Insurance program that provides coverage for property damage and liability claims up to a certain limit. However, this insurance primarily protects the hosts rather than the guests. To address this, Airbnb introduced a separate Guest Refund Policy and Host Guarantee to protect travelers from unexpected circumstances.

Pros of Airbnb Travel Insurance:

• Convenient and Affordable: One of the biggest advantages of Airbnb travel insurance is its convenience. By opting for Airbnb’s insurance, you can easily add coverage to your booking with just a few clicks. Additionally, the cost is often included in the overall price, making it a hassle-free choice.
• Comprehensive Coverage: Airbnb’s insurance coverage offers protection against trip cancellations, interruptions, and delays caused by specific unforeseen circumstances, such as illness, accidents, or natural disasters. This can provide peace of mind, knowing that you have financial protection in case of unexpected events.
• Worldwide Coverage: Whether you’re traveling domestically or internationally, Airbnb’s insurance coverage applies globally. This means you can feel secure no matter where your adventures take you.
• Host Protection Insurance: As a guest, you benefit indirectly from Airbnb’s Host Protection Insurance. This coverage protects you in case of accidental property damage or personal injury claims made by the host. Knowing that you have some form of protection can make your stay more relaxed and worry-free.

Cons of Airbnb Travel Insurance:

• Limited Coverage: While Airbnb’s insurance coverage is comprehensive in certain areas, it does come with limitations. It’s crucial to carefully read the policy to understand the specific circumstances under which you’re covered and the applicable deductibles or limits.
• Exclusions and Pre-Existing Conditions: Like any insurance policy, Airbnb’s coverage comes with certain exclusions and limitations. Pre-existing medical conditions, war-related incidents, and high-risk activities may not be covered. Make sure to review the policy details to understand what is and isn’t included.
• Overlapping Coverage: Before purchasing Airbnb’s insurance, consider any existing travel insurance policies you might already have. If you already have coverage through another provider, it’s important to compare the benefits and coverage limits to avoid unnecessary duplication.
• Claims Process: Some travelers have reported challenges when it comes to the claims process with Airbnb’s insurance. It’s essential to familiarize yourself with the steps involved and the required documentation to ensure a smooth claims experience, should the need arise.

Making an Informed Decision:

Deciding whether Airbnb travel insurance is worth it ultimately depends on your personal circumstances, risk tolerance, and travel plans. If you value convenience, affordable coverage, and the peace of mind that comes with protection against unforeseen events, Airbnb’s insurance might be a suitable option. However, if you already have robust travel insurance or are traveling to high-risk destinations, you might want to explore other insurance options to ensure comprehensive coverage.

While Airbnb travel insurance offers convenient and affordable coverage for travelers, it’s essential to weigh the pros and cons before making a decision. Consider your specific travel needs, compare the coverage and limitations, and evaluate any existing insurance policies you may have. By taking these factors into account, you can make an informed decision that best suits your travel requirements and provides the necessary protection for a worry-free trip.

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Does Airbnb Have Insurance for Guests? (2024) Here Are Your Options…

Airbnb has been growing in popularity over the last decade as a fantastic option for unique, convenient, or inexpensive accommodations for travelers. Guests can choose from over 5.6 million listings in over 100,000 cities around the world. One issue Airbnb guests often face however, is the rigid refund policy. Without travel insurance, if a guest is forced to cancel a trip unexpectedly, they face losing their entire investment for Airbnb accommodations.

Airbnb rentals range from budget-friendly to luxurious accommodations. Still, no matter what you are spending for your vacation rental, you want to ensure that you can recoup the money you’ve invested in your vacation if the unexpected should happen.

Travelers can encounter many mishaps like flight delays and cancellations, unexpected illnesses, injuries, or arriving at an Airbnb and realizing the property is not what they expected. Although rare, there have been occasions of guests arriving at a property only to discover it has been double-booked, or even worse, a scam. Travelers need to be sure that they are protected in the event of unexpected travel disruption.

Does Airbnb Have Insurance for Guests?

No. Airbnb does not provide insurance for guests. Guests who book with Airbnb are protected by Airbnb’s Guest Refund Policy that will qualify them for reimbursement for their rental under certain circumstances. In addition, Airbnb provides guests with several resources to ensure their safety and satisfaction while renting with Airbnb. To be fully protected while traveling, guests should consider purchasing travel insurance.

What is Airbnb’s Guest Refund Policy?

Generally, refunds for Airbnb rentals are hard to come by and must be negotiated with the host. On some occasions, however, a guest can request a refund through Airbnb’s Guest Refund Policy. The refund policy is only available for guests who book and pay through Airbnb and suffer a “travel issue.” Airbnb defines travel issues as:

• The host cancels the booking last minute
• The host doesn’t allow the guest access to the property
• The property is not clean and sanitary
• There are safety or health hazards
• Vermin or pets are living in the space

Airbnb also considers inaccurate descriptions of the property as a travel issue. Incorrect descriptions can include:

• Size of the rental (number of bedrooms, bathrooms, square footage)
• Type of accommodation (the whole house, shared, one room)
• Advertised amenities that aren’t provided or do not work (hot tubs, appliances, air conditioning)
• The physical location differs from the listing

If a guest experiences any travel issues defined by Airbnb, they need to contact Airbnb immediately. Depending on the circumstances and the amount of time that has passed since check-in , Airbnb can either issue a refund or assist the guest with finding a comparable rental.

When Can a Guest Make a Claim Under the Refund Policy?

To be able to make a claim under the Airbnb refund policy, the guest must:

• Be the person who booked the reservation
• Report the issue to Airbnb within 24 hours of discovering the issue
• Provide Airbnb with evidence like photos or videos
• Respond to any requests by Airbnb for additional information
• Can have directly or indirectly caused the travel issue
• Must try to remedy the problem with the host
• Must agree to vacate the property for reimbursement or rebooking

It is important to remember that even though guests can benefit from this refund policy, what constitutes as a travel issue and how the guest is to be reimbursed is entirely at the discretion of Airbnb.

This policy leaves guests open to the risk of not being reimbursed for travel issues and doesn’t provide any protection for guests who may experience an unexpected event that disrupts their trip.

Are you feeling nervous about using Airbnb for the first time? Check out our article, 5 Tips for Airbnb Travel Safety , before taking off on your next vacation.

What is Travel Insurance?

The best way to ensure that you, your family, and your vacation accommodations are protected when traveling is to purchase travel insurance from a reputable travel insurance company like World Nomads . Travel insurance will help cover your travel expenses if something unexpected happens.

Most travel insurance policies typically cover:

• Unexpected cancellations
• Emergency medical and dental care
• Emergency evacuations
• Loss, theft, or damage to bags and personal belongings

A more comprehensive policy like the ones offered by World Nomads Insurance also covers:

• Trip interruption
• Trip delays
• Baggage delays
• Rental car damage
• Accidental death and dismemberment
• Non-medical emergency transportation services

Travel insurance not only protects your vacation and money you’ve invested into travel, but it also protects you and your travel companions. Depending on your health insurance policy, you may not be covered internationally or while participating in certain events.

The insurance offered by World Nomads will protect you if an accident occurs. World Nomad’s Travel Insurance specifically protects travelers even when they participate in dangerous adventure activities like shark cage diving, hot air ballooning, or taking part in the running of the bulls!

How Much Does Travel Insurance Cost and How Much Does It Cover?

Travel insurance policy rates and coverage limits will vary based on the insurance company, the covered trip, and activities planned during the trip.

World Nomad Travel Insurance offers competitive rates and coverage limits in two convenient plans, the Standard Plan and the Explorer Plan, so you can choose the amount of coverage that works for your trip.

Under the Standard Plan, covered travelers will receive:

• Up to $2,500 for trip protection for unexpected cancellations
• Up to $100,000 for emergency medical or dental costs
• Up to $300,000 for emergency medical evacuation and transportation
• Up to $1,000 for damage, loss, or theft of bags and gear

Under the Explorer Plan, the coverage limits increase to:

• $10,000 for trip protection
• $100,000 for emergency medical
• $500,000 for emergency evacuation
• $3,000 for bags and gear

To find out exactly how much your travel insurance policy will cost, you will have to visit World Nomads and provide your trip and traveler details. World Nomad will give you your Standard Plan quote and your Explorer Plan quote within minutes.

If you’re an Airbnb host looking for extra insurance for your rental, read this article about which insurance companies provide short-term rental insurance.

How Does Travel Insurance Help Me with Airbnb?

Airbnb doesn’t provide guests with a travel insurance policy, and the refund policy can only help you after you’ve arrived at the Airbnb and experience an issue. If for some reason, you need to cancel your trip last minute due to an illness or death in the family, a travel insurance policy will cover your expenses – like the Airbnb rental.

World Nomad provides insured travelers with trip cancellation insurance. If you need to cancel your travel plans last minute and the reason falls under a covered circumstance, even if Airbnb won’t refund your money, your insurance will.

Reasons to cancel a trip that are covered under most policies include:

• Sickness or injury
• Death or illness of a family member
• Work emergency
• Natural disasters
• Terrorist attacks

Reasons that are NOT covered include:

• Pre-existing medical conditions
• Relationship conflicts (break-up, divorce)
• Change of mind
• Not obtaining travel documents in time
• Fear of travel

How Am I Protected by Airbnb Without Insurance?

Even though Airbnb does not provide insurance for guests, they still have several policies to protect guests and ensure a safe and enjoyable travel experience.

Background checks

All Airbnb hosts and guests are run through a global screening system against terrorist and sanctions watchlists. Hosts and guests in the US are subject to background checks , ensuring a safe travel experience for all parties.

Payment, Communication, and Booking through Airbnb

Airbnb allows guests to book, pay, and communicate with hosts all through the Airbnb app. This keeps transactions secure and communication documented. As long as a guest conducts all business within the app, Airbnb can help if something goes wrong.

Detailed Profiles

Guest and host profiles let people get to know each other before booking. You can see photos of a host and read a little about them and their background before booking. If a host or guest doesn’t have a completed profile, it is a red flag, and you should contact that person for more information.

Both guests and hosts can review each other after a stay at an Airbnb. Reviews allow hosts and guests to warn other users about potential scams or bad experiences.

Final Thoughts

Even though Airbnb offers a refund policy and multiple safeguards to ensure guest satisfaction, they do not provide travel insurance. To protect against last-minute cancellations, delays, and unexpected illness or injuries, travelers must invest in a travel insurance policy.

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Ryan Drew- Contributor

I'm an Airbnb Superhost sharing my Airbnb journey and tips that I've learned along the way.

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How Much Does Short-Term Rental Insurance Cost?

Renting out your vacation home is a great investment, but there are inherent risks that come with allowing strangers to stay at your property, including damage to furniture and appliances, slips that cause bodily injury, and guest fraud.

So there’s no question that specialized short-term rental (STR) insurance is a must. But understanding what that should cost and the coverage you should receive can be complicated when there are so many options on the market.

In this article, we explore: 

How does short-term rental insurance work?

What does short-term rental insurance cover, what does short-term rental insurance not cover, how much does short-term rental insurance cost.

• If I already have Airbnb insurance , do I also need short-term rental insurance?

Factors that affect insurance costs

How much vacation rental insurance can save hosts, reducing or eliminating the cost of vacation rental insurance, business benefits to short-term rental insurance.

• Key takeaways

Frequently asked questions about short-term rental insurance costs

Any time you buy a home, you should purchase a homeowner insurance policy. These policies have varying levels of coverage, but they generally protect you from liability and most kinds of property damage.

However, if you rent your home on Vrbo, Airbnb, or a similar platform, those protections go out the window. Almost all homeowner insurance policies specifically state that they do not cover short-term rentals or commercial ventures inside your home.

That’s where short-term rental insurance comes in. A short-term rental policy covers your home while a paid guest is staying there. When you have both homeowner insurance and short-term rental insurance, your home will be covered while it’s vacant, while you have a paid guest, and while you (or friends, family, and other unpaid guests) are in your home..

Generally speaking, a short-term rental insurance policy will cover the following:

Damage to the home itself

If a guest accidentally damages your home , your short-term rental insurance will usually cover the damage. Similarly, if the home is damaged by something else (like fire), your policy should pay as long as that specific loss is covered under your policy.

Damage to your property

The structure of your home isn’t the only thing that can be damaged during a guest’s stay. If your furniture, appliances, or other kinds of personal property are damaged, your policy can pay for repair or replacements.

Damage to other people’s property

In some cases, your policy may cover damage to other people’s property. For example, in the unfortunate event that a guest causes a fire that damages a neighbor’s home, your policy would likely pay for the damage to the home.

Injuries to guests

If a guest is injured on your property and files a lawsuit against you, you may be held responsible for thousands of dollars in medical bills. You’d also need to retain an attorney and cover your own legal fees. 

Short-term rental insurance includes liability insurance, so if you do find yourself facing a lawsuit, your policy will cover your legal fees and any damages awarded to the injured guest (up to your policy limit).

Loss of rental income

If short-term rentals make up all of your income, you could be severely affected if you’re unable to rent one due to damage. Most short-term rental policies will cover your loss of income in certain cases. For example, if a guest caused fire damage and you lost bookings while your home was being repaired, your policy could reimburse you for those lost bookings.

Of course, bear in mind that each carrier (and each policy) is different. Always make sure you completely understand what your policy covers.

Safeguard your rental properties with Safely’s short-term rental insurance. Learn more about what we cover.

Short-term rental insurance covers a lot, but like any policy, it has limitations. Here are some examples of events that aren’t typically covered:

• Damage that occurs when the home is not being rented
• Damage due to floods or other weather events
• General wear and tear
• Mold and rot issues
• Problems due to poor maintenance

It’s also important to note that short-term rental insurance isn’t meant to cover year-round renters. If you rent homes to long-term renters who have a lease , you need landlord insurance instead. When you’re researching home rental insurance costs, make sure you’re looking at the right kinds of policies!

How much does vacation rental  insurance cost?

The average annual vacation rental  insurance policy cost ranges from $2,000 to $3,000. The cost is roughly two to three times that of standard homeowners’ policies, which usually don’t cover short-term rental damages.

Vacation homes are considered riskier than primary residences since there’s an increased chance of damages and accidents, but there are many other factors that go into determining your short-term rental premium, like the condition of the property, and its location.

If I already have Airbnb insurance, do I also need short-term rental insurance?

Vacation rental platforms like Vrbo and Airbnb often have their own insurance programs. And, of course, the Airbnb insurance cost makes it enticing — it’s free. However, when you look closely, you’ll see that you need actual short-term rental insurance to adequately protect yourself and your property . 

Airbnb offers free Host Liability Insurance (HLI). This policy covers you as the host if a guest sues you for an injury or damage to their own property. However, HLI is capped at $1 million, so it might not be enough to cover all claims. For financial protection and your own peace of mind, it’s a good idea to have your own short-term rental insurance as well.

Airbnb also offers something called Host Damage Protection. This policy is not technically insurance, but it can reimburse you (up to $3 million) for damage caused by guests. Notably, it does not cover loss of rental income.

Host Damage Protection sounds like a good deal, but a quick skim through Airbnb host forums will show you that the claims process is an arduous one, and Hosts often aren’t reimbursed for the full value of the damaged items. The average vacation home insurance cost might be more expensive, but it covers much more than the built-in insurance offered by most platforms.

How much is insurance on a short-term rental property? Just like your homeowner insurance, your Vrbo or Airbnb insurance cost will depend on multiple factors:

The location of your home: A property that’s close to a famous location for events like concerts will probably have higher costs because of its popularity and potential for risk.

The property type: An old property that’s more susceptible to damage (for example because of the condition of the window frames or fencing) will have a higher cost.

Also, facilities, such as fireplaces and swimming pools, could raise the risk of damage and injury to the renter on the site, so this may also incur greater prices.

How often you rent your home: If you only rent your home a few times a year, the cost of your insurance will be fairly low. However, if you have a year-round rental property that constantly stays booked, your costs will be much greater.

Your deductible: Your deductible is the amount you pay out of pocket before your insurance kicks in. If you get a high-deductible policy, your monthly premiums will be lower. However, if you’d prefer a policy with a lower deductible, your monthly premiums will be higher.

Replacement cost: It costs more to insure a new sports car than an older daily driver. Likewise, if your home is filled with valuable antiques or high-end furniture, your insurance premiums will likely be higher.

Your service provider: Every insurance provider is different. It’s essential to get insurance quotes from each and understand the different coverage options they are offering you. You may also want to be mindful of how they charge you. Is it per month, per year, or per booking?

Safely only covers the days you have bookings, so you will only pay for when you have a reservation.

Extent of coverage: Some service providers might only cover on-site property damage for the homeowners; others may have different replacement costs.

Safely’s insurance policy covers on-site incidents for the homeowners, property managers, and guests. It allows you to claim replacement costs of up to $ 1,000,000 for structural damage or bodily harm.

Homeowners insurance won’t normally pay out when the property is used for commercial purposes (so that excludes your vacation rental). Also, the coverage you receive from online travel agencies (OTAs) like Airbnb and Vrbo isn’t from a specialist insurance provider, so can result in drawn-out claims processes that require the guest or host to accept responsibility.

And if you rely on, say, a $500 security deposit, the protection is clearly very limited—fine if you just need to replace some broken dishes, but nowhere near enough if your oven or refrigerator gets seriously damaged. And if someone has a poolside slip, the costs and stress could make that security deposit look minuscule.

This is where short-term rental insurance is a lifesaver. With a solution like Safely, you’ll be able to claim up to $1,000,000 in liability coverage for structural property damage and bodily injury, and $10,000 for damaged contents.

Not only that, but since you can make those claims following a simple three-step process, you won’t have to worry about reaching out to your guest. You can just go ahead and make your claim without them even knowing about it—so your guest relationships and five-star reviews remain intact, too.

Here are two ways to cut back on your vacation  rental insurance cost:

Use pay-as-you-go insurance

Some insurance companies charge a flat rate, while others like Safely only charge you for nights you book.

We recommend you look for an insurance platform that integrates with your property management system (PMS) so your protection automatically kicks in whenever you have a reservation—no time-consuming admin required.

Include the fee in the pricing

Especially if you have a pay-as-you-go solution, it’s easy to add on the cost of your short-term rental insurance to your nightly rate or to the add-on service/damage fee. If you do either of these, you can even generate additional income on the cost of the insurance.

As a result, vacation rental insurance can essentially pay for itself.

Short-term vacation rental insurance not only offers the comprehensive coverage you need for a short-term rental business but, as we’ve seen, you can add the fee to your nightly rate plus a small markup to increase your overall profitability.

Also, at Safely we have a record of fast payouts, with most claims resolved within five days. So when damages do occur, you can quickly recover the cost of maintenance and replacement.

As one customer said: “The claims process is insanely simple to go through, especially compared to other industry companies in vacation rentals. It’s also a really, really powerful thing when you can make a claim on something that isn’t necessarily accidental.”

Summing up the cost of short-term rental insurance

If you have a short-term rental property, you’ll need short-term rental insurance to protect you since your homeowner’s insurance doesn’t cover excess damage made by guests.

The cost of your short-term rental insurance will depend on multiple factors such as location, property type, service provider, and extent of coverage, with a typical policy totaling fees from $2,000 to $3,000 per year.

However, with Safely, you pay as you go—so you don’t pay anything unless you have a reservation.

We process most claims within five days, offering up to $1,000,000 in liability coverage, with the homeowner, property manager, and guests named and protected for every stay.

What are the benefits of short-term rental insurance?

If you have a second rental home, your existing homeowner policy probably won’t cover a slip and fall, theft, or a broken window. Additionally, large commercial claims on your homeowner policy can negatively impact future premiums which will leave you paying more. Short-term rental insurance like Safely’s will cover you and the renter in case any damage to the property or person occurs.

Safely’s comprehensive insurance policy covers on-site incidents, including property contents, structural property damage, and personal injury—for the homeowner, the property manager, and guests. It covers property theft, structural damage to your property, and bodily harm.

What type of insurance do I need for a vacation rental property?

Most homeowner insurance policies don’t cover you when your property is used for commercial purposes, so you need short-term rental insurance to protect all parties for a vacation rental stay.

If I have short-term rental insurance, do I also need homeowner insurance?

Yes. Short-term rental policies only cover property and liability claims while you have a paying guest in the home. For example, if a guest slips, falls, and gets injured while renting, your short-term rental insurance will cover you. But if a tree falls on the roof and damages it while the home is vacant, your homeowner’s policy would cover it.

The average annual cost of short-term rental insurance ranges from $2,000 to $3,000. The cost is roughly two to three times the cost of standard homeowners’ policies, which usually don’t cover short-term rental damages.

What factors affect the cost of short term rental insurance?

The price of short-term rental insurance will depend on multiple factors such as where your property is located, the age of the property, and your service provider.Design a custom policy that fits your budget. Get a quote from Safely today!

Safely’s Short-Term Rental Protection

Related Resources

Navigating the Transition From Traditional Leasing to Short-Term Rentals

The True Cost of Employee Turnover for a Property Management Business: Impact and How to Minimize It

The Importance of Accessibility in Vacation Rentals

Understanding Insurance: Deductible vs. Minimum Claim Amount

Vrbo Damage Insurance: Comprehensive Coverage for Your Vrbo Property

Vacation Rental Insurance: 6 of the Best Companies [2024]

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How Much Travel Insurance Costs (and When You Should Get It)

E very time you buy a plane ticket, cruise trip or other travel tickets, you end up getting asked the same thing: Do you want to add travel insurance for just a few extra dollars? In that moment, you’re probably excited about buying your tickets and making plans, not thinking ways you can pay more for insurance for—what exactly?

Travel insurance sounds like one of those types of insurance you don’t need , just like extended warranties are generally not worth it. But in some cases, shelling out for travel insurance is a smart move. Let’s take a look at your options and when travel insurance makes sense or doesn’t.

What does travel insurance cover and how much does it cost?

You can get travel insurance from a number of sources: the airline or cruise carrier directly, an independent travel insurance agency, and, sometimes, your credit card. Travel insurance typically costs between five and 10% of your trip cost , according to travel insurance comparison site SquareMouth .

The insurance coverage varies by your carrier as well as the individual policy you purchase. Overall, though, travel insurance is meant to protect you against unforeseen travel misfortunes, like an illness that forces you to cancel your trip.

There are four main types of coverage included in most travel insurance.

Trip cancelation and trip interruption insurance

This reimburses you for non-refundable travel costs if your trip is canceled or seriously delayed due to a natural disaster, illness, or if your carrier goes out of business . Independent and carrier-provided insurance policies offer protection up to the amount you purchased.

One aspect that can raise the cost of your travel insurance policy is “cancel for any reason” coverage. If you want this coverage, you must buy your policy within two or three weeks of making your trip deposit or buying your tickets. It gives you the right to cancel up to a few days before your departure date and get a refund of about 50% to 75% of your costs.

It may seem silly to get insurance for simply changing your mind. But some reasons you might need to cancel your trip wouldn’t be covered by regular cancelation insurance, like a job loss that dramatically reduces your income or the illness of a family member.

Our favorite sturdy suitcases to protect your belongings on your next trip:

• Most durable carry-on: Pelican Air Luggage
• Best value: Samsonite Winfield 2
• Budget option: Samsonite Omni

Insurance for baggage and personal items

If someone steals something from your bag or your luggage is lost or delayed , travel insurance will pay you for the trouble of replacing your personal gear.

You usually get coverage of up to $500 per delayed bag and up to a few thousand dollars for a lost bag.

Travel accident insurance

Just as you wouldn’t want to go without medical insurance in everyday life, when you’re traveling abroad, it’s important to stay covered in case of accidents.

Coverage typically includes doctor visits, ambulance rides, hospital stays, and prescription medication. It may also cover the cost of evacuation to get you back home during a medical emergency. This category typically covers costs up to $100,000-$200,000.

Accidental death or dismemberment insurance

If someone in your party dies or suffers a life-altering accident, this insurance feature pays out up to about $500,000, depending on the situation.

Is travel insurance worth it?

As with other insurance policies, buying travel insurance (or not buying it) is a gamble. You don’t want to ever regret not buying the insurance, but you also don’t want to pay for something you don’t need. Looking at the list above, you might already be covered for some of these items elsewhere—perhaps you already have life insurance that covers death or dismemberment or health insurance that covers emergencies abroad.

Two rules of thumb: Travel insurance is worth it when you’re traveling abroad and your health insurance doesn’t cover emergencies outside of your country, or when a large portion of your trip is non-refundable.

For everything in between, consider how much a financial disaster it would be if something bad happened on your trip or you had to miss it. Here’s a three-step process to decide, in case you’re still not sure:

How to know if you should get travel insurance?

You probably don’t need travel insurance if you got one of those cheap last-minute flights. Travel insurance would cover lost bags and delays, but the policy price wouldn’t be worth it for most people. If you’re on an expensive trip, though, or there are more chances something will go wrong (you’re traveling to Chicago during the winter, for example, or to the Caribbean during hurricane season), you’ll probably want to insure it.

Your credit card likely offers travel insurance

If your credit card offers travel insurance—most rewards cards offer some coverage —read the fine print to see if it would take care of your insurance needs. Any travel plans you want coverage for must be booked on the credit card that offers travel insurance.

If you opt for your credit card’s travel benefits, carry the coverage details with you so you don’t have to scramble in the event of an emergency. And if you need to file a claim, do it ASAP —cards tend to have a claim window of about 30 days after an incident—and keep all receipts from any expenses incurred during the emergency.

Keep in mind that travel accident and emergency medical coverage is less likely to be covered by your credit card. If this is a concern, you’ll probably still want to explore a separate travel insurance policy.

How much will travel insurance costs for my trip?

Use comparison sites like InsureMyTrip and SquareMouth to compare independent agency policies available for your trip. While the insurance offered by airlines and cruise lines are often comparable (and often provided by the same third-party insurers), it’s hard to read the fine print of what your coverage will be when you’ve got tickets in your checkout cart. The independent insurers are usually a bit cheaper, too.

Finally, remember that you have to get insurance before your trip starts; it won’t protect you if you get the insurance after an accident happens or your trip is canceled. That would be like trying to get home insurance after your house has already burned down.

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