Ramey King Insurance
Airbnb Insurance in Texas
Questions? Call us at (940) 382-9691
What is Airbnb insurance?
Hosting properties on Airbnb comes with certain risks, but it’s possible to protect against many of the risks that come with short-term rentals. Airbnb insurance is designed to help hosts with listings in Texas protect themselves and their properties.
Airbnb insurance can give hosts several protections to shield themselves and their properties. Policies typically come with multiple coverages that can be customized as needed.
What hosts with listings in Texas need Airbnb host insurance?
Most Texas property owners listing on Airbnb should consider Airbnb host insurance. Policies can usually also cover listing on other platforms, including Vrbo.
This advice broadly applies to hosts regardless of how often they list on one of these platforms. Hosts doing Airbnb full-time, part-time, and periodically all can likely benefit from having better insurance.
It’s also important to consider insurance regardless of whether listing a room apartment, condominium, house, guesthouse, cabin, ranch, or other property.
Can Airbnb host insurance cover multi-month leases?
Airbnb host insurance is distinct from standard landlord insurance. Airbnb policies are normally for shorter rentals that are done through one of the online short-term platforms.
While some Airbnb policies might be able to cover stays lasting longer than a month, landlord insurance generally is needed if leasing in a more traditional, long-term situation.
Typical Coverages
What coverages are offered by Airbnb host policies?
Airbnb host policies typically include a few different coverages. Some of the more common ones are:
- Dwelling Coverage: May insure against property damage caused by renters, their guests, other persons, or natural disasters.
- Personal Property Coverage: May insure against theft and damage of items inside a rental property, and also items located outdoors on the property. Normally includes theft by guests and others.
- Liability Coverage: May insure if a tenant, guest, or someone else incurs serious injuries due to an accident on the property. Might include everything from a slip to a drowning, depending on the policy and property.
It’s especially important to make sure that a chosen policy’s liability coverage adequately protects against the risks that a particular property poses. An insurance agent who knows Airbnb policies well can help sort through the details of liability coverage.
Does Airbnb provide insurance coverage for hosts?
Hosts listing through Airbnb usually receive AirCover for Hosts free of charge. This generally includes up to $3 million in property coverage, and $1 million in liability coverage.
No one would want to turn down free insurance protection, but the AirCover for Hosts program often doesn’t provide all of the protections that hosts need. It might not cover all risks, and it typically is only in effect during bookings that are made through the platform. Certain incidents may not be covered at all, and incidents occurring during non-rented periods are unlikely to be covered.
Getting separate Airbnb host insurance can supplement Airbnb’s protections, giving you broader and more consistent coverage.
Can homeowners insurance cover occasional Airbnb rentals?
Some homeowners insurance policies may cover infrequent Airbnb listings, but such coverage varies. Not all homeowners policies cover short-term rentals. Those that do often restrict the duration and the frequency of rentals.
Before relying on a homeowners policy for a one-off Airbnb rental, it’s wise to review the details of your homeowners policy with a knowledgeable agent.
How much does it cost to get an Airbnb policy?
Airbnb policies are generally affordable, especially compared to traditional landlord insurance. Premiums do vary, though. An independent insurance agent can check what rates different insurance companies would charge for a particular property.
Where can Texas short-term rental hosts find Airbnb insurance?
If you list a Texas property on Airbnb or a similar platform, contact us at Ramey King Insurance for help finding Airbnb insurance. We’ll make sure you find a policy that covers your property and listings well.
Questions?
Give us a call, we'll help set you in the right direction.