{"id":2893,"date":"2023-07-24T13:02:32","date_gmt":"2023-07-24T13:02:32","guid":{"rendered":"https:\/\/www.gethomeinsurancequotes.com\/blog\/?p=2893"},"modified":"2023-07-24T13:02:33","modified_gmt":"2023-07-24T13:02:33","slug":"airbnb-homeowners-insurance-guide-to-renting-your-home","status":"publish","type":"post","link":"https:\/\/www.gethomeinsurancequotes.com\/blog\/airbnb-homeowners-insurance-guide-to-renting-your-home\/","title":{"rendered":"AirBnB Homeowners Insurance Guide to Renting your Home"},"content":{"rendered":"\n
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If you are considering renting out your home or a portion of your home as a short-term rental, one of your first concerns should be making sure you have the proper homeowners insurance for your rental property.\u00a0<\/p>\n\n\n\n

The proper homeowners insurance<\/a> coverage will make sure you are fully protected in the case of damage to your property. We thought it would be a good idea to have a look at what type of coverage you should be carrying for an Airbnb rental.\u00a0<\/p>\n\n\n\n

Does homeowners insurance cover Airbnbs?<\/strong><\/h2>\n\n\n\n

While it varies by insurer, in many cases, your homeowners may cover specific losses related to your Airbnb<\/a> if you only rent it now and again.\u00a0\u00a0However, if you rent your property on a year-round basis you may want to consider purchasing a separate insurance policy that is short term rental specific.<\/strong>\u00a0<\/p>\n\n\n\n

When you rent out your home, you are technically operating a business out of your home and many standard homeowners insurance policies exclude coverage if the property is being used as a business. Always make sure you fully understand the coverage your policy provides and if you have questions check with your agent. <\/p>\n\n\n\n

In order to make sure you are fully protected you may want to put a standalone policy in place or make sure your homeowners policy has a home sharing endorsement. As an example, Allstate offers a HostAdvantage endorsement for their homeowner policies which provides coverage for home-sharing rentals. <\/p>\n\n\n\n

This endorsement will provide coverage for damage to your home or personal property as well as theft. Coverage will vary by insurer so it is always a good idea to talk to your agent before renting your home out. <\/p>\n\n\n\n

What protection does Airbnb\u2019s insurance offer?<\/strong><\/h2>\n\n\n\n

Airbnb\u2019s does offer insurance, called AirCover for Hosts<\/a>. The AirCover policy includes damage protection as well as liability coverage. AirCover protection is free from Airbnb and provides the following coverages:<\/p>\n\n\n\n

AirCover host damage protection: <\/strong>The host damage protection portion of the policy provides up to $3 million in coverage. It will help cover repair cost if a guest damages the inside or outside of your property. It includes your personal property as well as appliances and vehicles. It provides protection for the following<\/p>\n\n\n\n