Should I get extra insurance outside of Aircover?

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I would never count on any insurance policy covering a broken item in the home. The wrestling and wrangling you would have to do to collect would never be worth your time. I've been investing in STRs since 2005, and I have only had a handful of items of any value that were broken, and I would rate these as probably from lots of use. It's just the cost of doing business.

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Don't depend on Aircover.Homeowners policy will not protect you if your renting as a STR.You need the correct STR policy to protect your property.

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What they said ^^^^^I just called my Homeowner's Company (State Farm) and told them EXACTLY what I was going to do with the STR house(s). They wrote me Commercial policies with high limits....only $100 mo roughly, never had a problem.I would just ask the company that handles your current home's insurance....some will do STR insurance, some won't. Then you go to Proper or Foremost. But tell them what you are doing precisely - vacation rentals, not regular rentals.

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If you only have a homeowners policy, and something happens like a fire or a guest gets injured, and the insurance company finds out you're renting out the house, you're in deep trouble. They will not cover you at all for anything, it'll be in the fine print of your contract that they don't cover rentals. Like everyone else says, you need specific STR, MTR or LTR coverage. Aircover is a mild form of property damage insurance where they MAY cover a guest's damage at their discretion, and you will have to fight for it. It is not real insurance, it doesn't cover things not caused by guests, and can't be depended on. The other groups I'm in are always reporting the difficulties of getting claims paid for.

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Hey @Marc Shin, yes yes yes yes yes. Like @John Underwood said, a homeowners policy does not protect you and Aircover is not insurance.You need a correct STR policy. Foremost, Proper are 2 big ones.Don't skimp and get the place insured properly.

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Waivo is Guest/Damage protection. OwnerRez, which i use, has their own product for guest damage.

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you will hear different opinions. I say yes. Aircover does not always agree with you and pay out. Also make sure your home owners is not just a regular policy. make sure it is a STR HO policy. If it isnt and damage occurs from guests, they may not pay out. I also have separate damage protection from my channel manager (OR), but you can get it from Waivo and some others. ive just heard too many horror stories and i bake the price of coverage into my rental costs.

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Yes & be sure they know it is for rental reasons. Always keep record of where you told your insurance company that the property was being used for STR. Should anything happen down the road, you don't want them telling you that normal homeowners insurance doesn't cover STR.

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Hi Marc - Aircover offers some protection for damages caused by guests, but it’s limited and doesn’t replace having dedicated STR insurance. STR insurance provides broader coverage, including liability, property damage (even non-guest-related), and gaps Aircover might not cover.For damages caused by guests, document everything (photos, receipts, estimates) and file a claim through Airbnb. However, for major issues, STR insurance ensures you're fully covered. It’s a good idea to have both for peace of mind!I'd be happy to connect for more ideas!

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In the same boat as @Bruce Woodruff. We have a commercial policy with State Farm and I *wish* it was around $100/mo.! Think twice that+. However, we are in Colorado in the mountains and the fire risk is high and real. Have been tracking the news on insurance which surprisingly to me- is not expected to rise in Colorado, post the LA fires. Apparently, because rates increased here so astronomically in the last 2 years, the insurance industry believes their numbers are correct with the risk. If you have the correct coverage @Marc Shin, you should be covered (although you should also have budgeted or baked-in costs for minor issues/damage). Your Aircover mileage will vary and others have touched on "correct" coverage already. For example, minor towel or linens replacement is something I have a budget for (built into pricing). I'm not going to use Aircover for minor bloodstains, etc. even if I have to replace (or a broken wine glass). If it seems excessive or unreasonable, I reach out to guest first for reimbursement, then Aircover kicks in. Others here may not wish to reach out to guest and go to their secondary insurance right away as it's easier/straightforward, etc.