How Much Does Vacation Rental Insurance Cost?
- Nate Jones, CPCU, ARM, CLCS, AU
- 5 days ago
- 2 min read
If you own a short-term rental, one of the first questions you may have is: How much does vacation rental insurance cost? Understanding the pricing can help you budget and ensure your property, income, and liability are properly protected.
The truth is, the cost of insurance varies widely depending on property type, location, and coverage needs. Choosing the right policy is crucial to avoid gaps in protection.
Factors That Affect Vacation Rental Insurance Costs
Several key factors influence your premium:
Property Location: Properties in areas prone to natural disasters, high crime, or heavy tourism may have higher premiums.
Property Value and Size: The more valuable or larger your property, the higher the coverage cost for both structure and contents.
Rental Frequency: Full-time vacation rentals often carry higher risk, raising premiums compared to occasional rentals.
Coverage Limits and Deductibles: Higher liability limits, comprehensive property coverage, and lower deductibles can increase costs.
Security Features: Security systems, smoke detectors, and gated access can lower premiums by reducing risk.
Typical Coverage and Pricing Ranges
While costs vary, vacation rental insurance typically covers:
Property damage – Protects your home and furnishings from guest-caused damage or disasters.
Liability coverage – Covers injuries to guests or third parties on your property.
Loss of rental income – Compensates you if your rental becomes uninhabitable.
Contents coverage – Protects furniture, electronics, linens, and other guest-used items.
Estimated costs: Most vacation rental owners pay between $300 and $1,000 annually, depending on property specifics and coverage level.
For accurate pricing, it’s best to request a personalized quote that considers your unique property and rental activity.
Why You Can’t Rely on Airbnb or Vrbo Coverage Alone
Platforms like Airbnb and Vrbo provide host protection programs, but they are not insurance. Coverage may be limited, and certain claims (like income loss or lawsuits) may not be covered.
Get a Quote with Wexford Insurance
At Wexford Insurance, we specialize in vacation rental insurance tailored to your property and rental activity. We help you find the coverage you need at a competitive rate, ensuring peace of mind.
