When hosting on Airbnb, one of the key benefits is their $1 million host guarantee, which covers damages to your property during a guest’s stay. While this coverage is a great safety net, it’s not a replacement for renters insurance. Our experience with Airbnb’s coverage has been positive so far, but that doesn’t mean it’s flawless—there are still reasons why you should consider getting an extra layer of protection.
Airbnb’s Dispute Process: How It Works
If your property is damaged during a guest’s stay, Airbnb’s dispute process requires you to submit a claim within a specific timeframe. You need to provide evidence, like photos and receipts, showing the damage and its cost. Once submitted, Airbnb will review the claim and decide whether or not to reimburse you.
This process can be tedious, especially for hosts managing multiple properties. That’s where a property manager like us comes in. We handle the entire dispute process on your behalf, ensuring your claim is filed correctly and quickly. With our help, you won’t have to worry about navigating the system or missing deadlines. We take care of all the details so you can focus on managing your rentals stress-free.
But Does Airbnb Always Pay?
While we’ve had good experiences, a quick Google search will show that some hosts have not received their payouts from Airbnb’s $1 million coverage. Claims can be denied for a number of reasons, leaving hosts on the hook for damage repairs. That’s why we recommend an extra safety net in the form of renters insurance.
Why Renters Insurance Is Essential
Renters insurance, specifically for short-term rentals, provides additional protection. Even if Airbnb’s coverage falls through, renters insurance will have your back. We highly recommend Proper Insurance as a reliable option for short-term rental hosts. They specialize in providing comprehensive coverage that protects against damage, liability, and even income loss due to a guest’s negligence.
Their website is:
A quick glance at their website shows you they are made specifically for Airbnb & Vrbo hosts, so you know you are in good hands. Just as Turno was made for Airbnb cleaners, this service understands the challenges that short term hosts face in the market.
Final Thoughts: Protect Yourself & Hire a Property Manager
While Airbnb’s $1 million coverage is a great feature, it’s not a guarantee that you’ll be reimbursed in every situation. Having renters insurance is the best way to ensure you’re covered no matter what. And if managing disputes and claims feels overwhelming, let us take care of that for you. Our property management services handle everything, from guest communication to filing claims, so you can focus on enjoying the income your property generates. For peace of mind and seamless management, check out VacationRentals4NY.