How popular short-term rental sites protect your home
Short-term rentals are incredibly popular, and sites that facilitate them usually offer some level of coverage for hosts. But you’ll still want to tell your home insurer before you rent out your vacation home to avoid coverage gaps.
- Airbnb. As of January 2020, the Airbnb Host Guarantee offers up to $1 million in protection for homes rented through the site. But it won’t pay out for homes that are damaged by storms or acts of nature, and damage by any animals or pets isn’t covered — even if a guest brought them without your consent.
You’ll also be covered for up to $1 million in liability through Airbnb’s Host Protection Insurance, though it excludes any damages or injuries that were intentional.
- Vrbo. Vrbo offers up to $1 million in liability coverage for hosts, but as of June 2019, it doesn’t offer any protection against property damage. However, you can request a refundable deposit upon booking or suggest that your guests purchase Property Damage Protection, a short-term insurance policy, through the site. You can also request that guests sign a rental agreement before arriving.
- Homestay. As of June 2019, Homestay doesn’t offer any sort of insurance or financial protection against liability or property damage.