Does Condo Rental Insurance Cover Short-Term Rentals Like Airbnb?
- Nate Jones, CPCU, ARM, CLCS, AU
- 4 days ago
- 2 min read
With the rise of platforms like Airbnb and VRBO, many condo owners are renting their units on a short-term basis. While this can be lucrative, it also comes with unique risks. One common question is: does condo rental insurance cover short-term rentals?
Understanding the coverage gaps is essential to protect your investment and avoid costly surprises.
Standard Condo Rental Insurance Coverage
Most standard condo rental insurance policies provide:
Dwelling Coverage: Protects your unit’s interior from fire, water damage, or other covered perils.
Personal Property Coverage: Protects your furniture, appliances, and belongings inside the condo.
Liability Protection: Covers injuries to tenants or guests inside your unit.
Loss of Rental Income: Reimburses lost rent if your unit becomes uninhabitable due to a covered event.
Important: Many standard condo rental policies do not automatically cover short-term rentals.
Risks Specific to Short-Term Rentals
Short-term rentals increase exposure to:
Property damage caused by frequent guest turnover
Theft or vandalism by short-term guests
Liability claims for accidents involving guests
Higher wear-and-tear than long-term rentals
Because of these additional risks, your standard policy may not provide full coverage.
How to Ensure Coverage for Airbnb Rentals
If you plan to rent your condo on Airbnb or similar platforms, consider:
Short-Term Rental Endorsements: Some insurers offer add-ons specifically for short-term rentals.
Specialized Condo Rental Insurance: Policies designed to cover Airbnb and VRBO properties.
Check Your Association Policy: Condo association insurance usually does not cover short-term rental activity.
Why Choose Wexford Insurance?
Wexford Insurance helps condo owners protect their units while renting short-term:
Tailored Policies: Customized coverage for Airbnb or short-term rentals.
Expert Advice: Agents help you understand coverage gaps and how to protect your property.
Competitive Rates: Affordable protection without sacrificing coverage.
Quick Quotes: Secure a no-obligation quote online in minutes.
Don’t risk underinsurance—get a Wexford Insurance quote today.
