How Much Does Airbnb Insurance Really Cost?
- Nate Jones, CPCU, ARM, CLCS, AU
- 5 hours ago
- 2 min read
If you’re an Airbnb host, protecting your property and income is essential. While Airbnb offers basic coverage through its AirCover program, it’s not a substitute for comprehensive insurance. Understanding the cost of Airbnb insurance and what it covers can help you make informed decisions and avoid costly gaps in protection.
At Wexford Insurance, we specialize in short-term rental insurance tailored to Airbnb hosts. Here’s what you need to know about pricing, coverage, and why third-party insurance is a smart investment.
What Is Airbnb’s AirCover?
Airbnb’s AirCover for Hosts is a free protection program that includes:
$1 million in host liability coverage
$3 million in damage protection
Pet damage and cleaning reimbursement
Income loss protection for canceled bookings
While helpful, AirCover only applies during active bookings and doesn’t cover wear and tear, theft, or damage outside of guest stays. It’s not a licensed insurance policy and shouldn’t be relied on as your sole protection.
Average Cost of Airbnb Insurance
The average cost of Airbnb insurance ranges from $1,500 to $3,500 per year, depending on several factors:
Location: Properties in high-risk areas (e.g., flood zones, urban centers) cost more.
Property Type: Condos, cabins, duplexes, and lake houses may have different risk profiles.
Rental Frequency: Full-time rentals typically cost more than occasional hosting.
Coverage Limits: Higher liability and property coverage increase premiums.
Amenities: Pools, hot tubs, and fireplaces may raise your risk and cost.
Some providers offer monthly plans starting around $120–$140/month, depending on coverage and location.
What Does Airbnb Insurance Cover?
A comprehensive short-term rental insurance policy typically includes:
Property damage caused by guests
Liability protection for injuries or lawsuits
Loss of rental income due to covered events
Coverage during vacancy periods
Protection for amenities like pools, decks, and outdoor kitchens
Unlike homeowners' insurance, which excludes business activity, Airbnb insurance is designed for rental risks.
Why Choose Wexford Insurance?
Wexford Insurance offers tailored Airbnb insurance for:
Vacation homes and cabins
Duplexes, triplexes, and quadplexes
Condos, lake houses, and townhomes
Full-time and part-time Airbnb hosts
We help you find the right coverage at the right price, ensuring peace of mind and financial protection.
Final Thoughts
Airbnb hosting is a business—and businesses need proper insurance. While AirCover offers basic protection, it doesn’t cover everything. Investing in short-term rental insurance ensures you’re protected from guest-related damage, liability claims, and income loss.
Wexford Insurance is your trusted partner for Airbnb coverage. Whether you rent seasonally or year-round, we’ll help you stay covered and confident. Connect today!
FAQs
Q1: Is Airbnb’s AirCover enough for full protection?
No. It’s limited and only applies during guest stays. You need third-party insurance for full coverage.
Q2: What affects the cost of Airbnb insurance?
Location, property type, rental frequency, coverage limits, and amenities all impact pricing.
Q3: Can I deduct Airbnb insurance on my taxes?
Yes. Airbnb insurance premiums are typically tax-deductible as a business expense.
