Airbnb Insurance in Massachusetts

What insurance coverages should Airbnb hosts look for?

Hosts might want several protections that Airbnb policies offer. Some common ones are:

• Dwelling Coverage: Might cover damages sustained by the rented space.
• Personal Property Coverage: Might cover damages to or theft of personal belongings.
• Liability Coverage: Might cover accidents that result in serious guest injuries.

Other protections are often also available, either as standard features or optional add-ons.

Do Airbnb and Vrbo give hosts any insurance protection? 

Both Airbnb and Vrbo normally provide hosts with certain property and liability projections.

Both platforms generally offer a $1 million liability insurance policy, either free or for a nominal fee. This coverage could serve as primary or secondary liability protection, depending on whether other liability coverage is in place.

Both platforms also generally cover damage to the dwelling and belongings, again either for free or for a nominal fee. This damage coverage might not be sufficient in some situations, though

In most cases, hosts are encouraged to consider additional insurance protections. If there’s a life-altering injury or death, the resulting lawsuits could exceed $1 million in attorney fees, court fees and settlements. Broader damage coverage, which covers more perils than the platforms’ policies, may also be wise to get.

Hosts who want help assessing their need for additional protections can talk with an insurance agent who specializes in Airbnb host insurance. A specialized agent will be familiar with the policies that these platforms offer, and how hosts might want to supplement them with additional coverages.

Do hosts need insurance for a single Airbnb rental?

It takes just one accident to result in major costs, and an accident can occur during any rental. Yes, hosts generally should have insurance even for their first time listing a property on Airbnb or Vrbo. A knowledgeable agent can help explore affordable policy options for initial or periodic rentals.

How much does an Airbnb host insurance policy cost?

Purchasing an Airbnb host insurance policy can be surprisingly affordable. While rates vary depending on the specifics of a property, these policies tend to be much more affordable than most standard landlord policies.

Working with an independent insurance agent, who can check policies from among several different insurers, is an easy way to find out how much insuring a particular property will cost.

How can Massachusetts hosts find Airbnb insurance? 

For help insuring a Massachusetts Airbnb or Vrbo property, reach out to the independent insurance agents at Garrity Insurance. Our agents will help you find Airbnb insurance that’ll keep your property and you protected well.