What is Airbnb Home Insurance for Hosts

/

Blog

The Insider @ Houst
Last updated on
May 22, 2024

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

What is Airbnb Home Insurance for Hosts

I hope you enjoy reading this blog post.

If you want my team to just manage your Airbnb for you, click here.

Airbnb Management Services by Houst | Short-Term Rental Experts

About Houst

Houst is a leading property management company specialising in short-term and medium-term bookings in eight countries. With over 7 years of experience and managing over 300,000 bookings, we help homeowners make the most of their properties.

Learn More

A big worry for rental property owners is getting hit with liability claims. These can come from third parties, like if there's any property damage.

Homeowners usually have insurance to cover these issues, but if you're jumping into the Airbnb game, you might need to up your coverage. Regular insurance often doesn't cover the rental side of things or any damage caused by guests.

In this blog, we’ll discuss Airbnb home insurance for hosts in detail. So, let’s get started!

Table of Contents

What is Airbnb Insurance?

If you're renting out your second home or holiday house on Airbnb, you should know that Airbnb insurance gives you extra coverage. It's like a booster for your regular home insurance.

Don’t count on your standard home insurance to protect you when you have to pay guests. In fact, if you haven’t told your home insurer about your rentals, they might deny any claim you make, even if it has nothing to do with Airbnb. So, renting out your place could ruin your regular insurance, leaving you unprotected.

As an Airbnb host, you probably know that Airbnb offers Host Guarantee and Host Protection Insurance. These are included in your host fees, which is great, but they don’t cover everything. Airbnb is clear about what is and isn’t covered, and they suggest getting your own Airbnb insurance for full protection.

How Does Airbnb Protect Hosts?

Airbnb has a program called AirCover for Hosts that provides various protections. It includes verifying guest identities, screening reservations, $3 million in Host Damage Protection, $1 million in Host Liability Insurance, and access to a 24-hour safety line.

AirCover is automatically available to all Airbnb hosts, giving you peace of mind so you can focus on making your guests' stay amazing.

Being an Airbnb host comes with many responsibilities and can be time-consuming. Rental management companies like Houst can help by automating repetitive tasks, making your life easier.

If you can't resolve a dispute with a guest, the AirCover program might help. You must submit a reimbursement request with supporting documents or start a liability claim through Airbnb’s resolution center.

What Does Host Damage Protection Cover?

Host Damage Protection helps if a guest damages your property or belongings and doesn’t pay for it. It covers:

  • Damage to your home, furnishings, valuables, or belongings caused by guests or their invitees
  • Damage to parked cars, boats, or other vehicles caused by guests or their invitees
  • Extra cleaning costs to remove stains or pet accidents left by guests or their invitees
  • Loss of income if you need to cancel confirmed bookings due to damage caused by a guest or their invitees

However, it’s important to note that Host Damage Protection isn’t an insurance policy. It doesn’t cover:

  • Normal wear and tear
  • Loss of cash
  • Damage from natural disasters like earthquakes or hurricanes
  • Airbnb strongly encourages hosts to get additional insurance to cover any gaps not covered by Host Damage Protection.

Does Your Standard Home Insurance Cover Airbnb in the UK?

Your standard home insurance typically covers repairs for damage from fire, wind, or other natural disasters like storms or floods. It also includes personal liability protection if someone gets hurt on your property.

However, when it comes to commercial use, things change. If you’re renting out part of your home or the whole place regularly to make money, insurance companies see this as a business activity. This brings different risks and responsibilities.

So, if you have paying guests staying at your property, your standard home insurance might not cover you. In fact, it could invalidate your policy, leaving you without any protection. Standard homeowner’s insurance isn’t made for the vacation rental market, so you’d need to get business insurance instead.

Does Landlord Insurance Cover Airbnb in the UK?

Landlord insurance usually covers properties rented out for longer periods, typically at least 6 months. While being a landlord and an Airbnb host have some similarities, most landlord insurance policies don’t offer enough coverage for Airbnb-style hosting. If you rent your property to short term rental (STR) guests, your landlord insurance policy might be cancelled, or it might not cover any guest-related incidents.

Do You Need Insurance to Host in the UK?

Legally, you might not need extra insurance to host on Airbnb, but it’s pretty risky to go without it. Airbnb’s AirCover for Hosts might not cover everything you need, leaving some gaps.

If something goes wrong, repairs can be costly, and you’ll lose income while fixing things up. Proper insurance designed for short-term rentals can help protect you from major financial hits.

Whether you’re running a Pet-friendly Airbnb or offering farm stays, you’ll need specific host insurance to cover damages and incidents with paying guests. This insurance adds extra protection to what AirCover provides.

Listing your property on Airbnb and similar sites exposes you to millions of travellers, but you have to pay a commission fee for each booking. It’s a smart move to create your own direct booking website to become more independent and save on those hefty OTA fees.

Do You Need Public Liability Insurance for Airbnb in the UK?

Legally, it depends on where you live in the UK. For instance, Scotland recently passed a law requiring all short-term rental hosts to have liability insurance. In other parts of the UK, hosts are not required to have liability cover.

There aren’t specific laws about how much liability coverage you need, but some regions in Scotland do require a minimum amount. So, if you’re in Scotland, make sure to check the details when applying for your hosting license. 

Conclusion 

A property management company like Houst can make hosting on Airbnb much easier. They handle guest communication, cleaning, maintenance, and more, so you can relax and enjoy the benefits of renting out your property without all the stress. Houst takes care of everything, ensuring your guests are happy and your property stays in top shape, helping you make the most of your rental income with less work.

The Insider @ Houst

The Insider @ Houst

The Insider team at Houst is dedicated to providing up-to-date and relevant information on short-term rentals. If you have hosting inquiries, please write to us at expert@houst.com. For guest inquiries, reach out at guest@houst.com. We are here to help you navigate the world of short lets and look forward to assisting you with your needs.

The Insider @ Houst

The Insider @ Houst

The Insider team at Houst is dedicated to providing up-to-date and relevant information on short-term rentals. If you have hosting inquiries, please write to us at expert@houst.com. For guest inquiries, reach out at guest@houst.com. We are here to help you navigate the world of short lets and look forward to assisting you with your needs.

Commission-Based
Pricing From

12%
of your
rental revenue
The commission depends on
the property profile and location
free estimate

Complete property management services

We streamline the process of short-term lets and assist in maximising your rental revenue in London.

Listing Management

  • Multi-platform listings
  • Professional photography
  • Listing creation
  • Price optimisation

Guest Management

  • Guest vetting
  • Guest check-ins
  • Linen and toiletries
  • Guest communications

Property Management

  • Cleaning and housekeeping
  • Property maintenance
  • Property insurance
  • Property management software
I hope you enjoy reading this blog post!
If you want my team to just manage your Airbnb for you, just book a call.
Book a call
Click here to Get More Bookings!
See How Houst Can Elevate Your Airbnb’s Visibility
  • Listing Optimisation – Maximise your listing’s potential. Experience tangible growth.
  • Professional Photography – Captivating visuals that instantly attract guests.
  • Guest Screening – Ensuring only the best and safest guests for your property.
BOOK A CALL
Close

We hope you enjoy our blog!

If you would like to find out more about how our team can help you get the most of your Airbnb, just book a call with us.

Thank you for providing your contact information!
Oops! Something went wrong while submitting the form.
J’espère que vous apprécierez la lecture de cet article de blog !
Si vous souhaitez que mon équipe gère simplement votre Airbnb pour vous, réservez simplement un appel.
RÉSERVER UN APPEL
Cliquez ici pour obtenir plus de réservations !
Découvrez comment Houst peut améliorer la visibilité de votre Airbnb
  • Optimisation des annonces – Maximisez le potentiel de votre annonce. Faites l’expérience d’une croissance tangible.
  • Photographie professionnelle – Des visuels captivants qui attirent instantanément les invités.
  • Filtrage des invités – Garantir uniquement les invités les meilleurs et les plus sûrs pour votre propriété.
RÉSERVER UN APPEL
Close
Looking to scale your serviced accommodation?
Join Houst’s partnership program — book a call for details.
BOOK A CALL
Starting your Airbnb business?
Houst can help you get started in the serviced accommodation sector:
  • Fastracked growth: Quick portfolio expansion and up to 20% booking commission for property managers.
  • Guest Support and Tech: 24/7 support and tech streamlined operations, enhancing occupancy and guest service delivery.
  • Pricing Optimisation: Increased earnings with algorithm-based pricing strategies.
BOOK A CALL
Close