Best Insurance for Airbnb Hosts [As Voted 2024]

Best Airbnb Insurance: How Proper Insurance Got to #1

To get to #1 or be the best, you need to do a lot of things right, and with insurance for Airbnb hosts, that means extensive coverage followed by superior claims service.

To achieve this, we had to re-write the modern insurance norms of “excluding or limiting coverage” to “including or expanding coverage” and go from providing “mediocre or poor claims service” to providing “exceptional claims service.”

We started with a commercial insurance policy that has the horsepower needed to adequately insure an Airbnb property, added in unique and first-of-their-kind property and liability insurance endorsements, and followed it up with in-house claims administration so we control the consumer experience from start to finish.

Best Insurance for Airbnb Hosts: No Limit on Damage By a Guest

Arguably the most significant property insurance enhancement Proper offers is no limit on damage caused by a guest. What this means for an Airbnb host is that if a guest damages your building or contents, you are covered up to the limits of your policy. Plus, Proper offers no limit on theft coverage as well making it easy to see why more review sites have Proper listed as the best insurance for Airbnb hosts.

PRO TIP: Proper’s Airbnb insurance policy is the only policy on the market with no limit on damage from a guest. Regardless of what another agent tells you, it’s true. The confusion comes from the term “vandalism”, as many agents see this and confuse it for damage caused by a guest, but vandalism is coverage for the passerby kids who break your window or spray paint your garage, not vandalism from someone you entrusted your property to, aka, a guest.

Best Airbnb Insurance: Better Liability Protection

Having inadequate Airbnb liability insurance is your biggest exposure as a host. It only takes one significant guest injury at your property for you to be served with a lawsuit and thousands in future attorney fees. Because of this, Proper offers the broadest form of liability insurance an Airbnb host may purchase.

We start with $1,000,000 of commercial general liability per occurrence and encourage hosts to upgrade to $2,000,000. We then remove the liquor liability exclusion as all Airbnb hosts have exposure to alcohol-related claims from their guests, and finish with leaving in protection for animal pet liability (dog bites), bed bugs (infestation), communicable disease (hot tubs), and so much more.

Our commercial general liability even extends off the premises if a host decides to offer amenities such as bicycles or canoes. It’s never been more important to make certain you have the best insurance for Airbnb hosts, as many are not aware their amenities are major liabilities.

The Bells & Whistles Made Proper #1

When developing the best insurance policy specifically tailored to Airbnb properties, it’s all about unique coverages and the bells and whistles. Proper’s unique coverages designed for Airbnb hosts are unmatched in the insurance industry, which is why most consider Proper the best Airbnb insurance.

A few industry firsts were bed bug and flea coverage, which includes extermination and lost business revenue, and squatter insurance protection, which reimburses legal expenses to remove the squatter as well as lost rental revenue during that time.

Other notable bells and whistles of the Proper policy include unmatched coverage for backups of sewers and drains with no sub-limit, mechanical breakdowns, loss of revenue coverage, replacement cost valuation on building and contents, no limit on theft, and special form coverage.

The Proper Insurance policy includes dozens of additional bells and whistles, which all add up to make it the best insurance for Airbnb hosts.

Highest Reviewed Airbnb Insurance Provider

In an industry where customer satisfaction is rare and positive reviews regarding customer experience during the claims process are often nonexistent, Proper Insurance stands out once again.

Our reviews outline Proper’s proof of exceptional customer service and the breadth of our comprehensive policy. There is no better-reviewed insurance company than Proper, and we mean actual claims reviews.

Proper is ranked 4.9/5 stars on Google. These testimonials reflect the trust and confidence our clients have in us, further setting us apart from others in the industry. Stories from our clients are filled with a rare combination of praise for customer service, gratitude for our focus on insurance education, and experiences of support, especially during the challenging times of a claim.

I recently had the pleasure of experiencing the outstanding service provided by Proper Insurance. I submitted a claim, and to my surprise, they processed it in less than one hour, showcasing an unparalleled level of efficiency. Matthew, the representative who assisted me, went above and beyond in addressing all my questions and concerns.

His extensive knowledge of the insurance process and his helpful demeanor made the entire experience seamless and stress-free. I was impressed by his professionalism and dedication to ensuring that I had a clear understanding of the process.

As a homeowner with vacation rentals, I highly recommend Proper Insurance to my fellow property owners. The prompt claim processing and the expertise demonstrated by Matthew reflect the company’s commitment to providing top-notch service.

In an industry where reliability and efficiency are paramount, Proper Insurance stands out as a trusted partner for homeowners seeking peace of mind.

⭐⭐⭐⭐⭐ Stayat KSHomes

Airbnb Insurance FAQs

What is the best insurance for Airbnb hosts?

The best insurance for an Airbnb host is a comprehensive commercial policy that includes coverage for the host’s building(s), contents, business income, and commercial liability.

Do Airbnb owners need special insurance?

Yes, running an Airbnb is considered a business activity, no different than a hotel, so adequate commercial business insurance is required for full coverage.

What insurance do I need for an Airbnb?

The best insurance for an Airbnb is a policy that replaces the host’s current home or landlord policy and offers broad protection for the building(s), contents, business income, and business liability.

How much does Airbnb host liability insurance cost?

An Airbnb host should carry a minimum of $1,000,000 commercial general or business liability policy, as injury, illness and its consequences are expensive. With $1M in Airbnb liability coverage, the average premium ranges from $700 to $1,500 per year. 

Airbnb host insurance for vacation rental owners isn’t your typical Homeowners or Landlord policy, instead it’s built for the risks you’re actually up against as an STR owner. Explore our article on the nuances of the cost of commercial insurance for Airbnb hosts to begin educating yourself on your choice of insurance policies and the gaps that may be present in cheaper options. As a host, you should always aim to protect your guests by offering them a safe place to stay, but while doing that, you also should protect yourself and your business because accidents can always happen, even in a seemingly safe place.

Does my homeowners’ insurance cover Airbnb?

If your Airbnb is not your primary home, the place you reside and live, then no, your homeowner insurance does not cover you, even with a home-sharing endorsement. You would need to purchase a policy for secondary or investment property and carry a landlord or business insurance policy.