Is Airbnb Travel Insurance Worth it in 2024?

Airbnbs and other vacation rental properties have become some of the most popular options for travelers over the past decade. An Airbnb property allows you to ditch the confines of a hotel and stay somewhere truly unique, from a luxury downtown apartment to a glamping tent just outside a national park. But is Airbnb travel insurance worth it for guests? Let’s answer some common questions about Airbnb cancellation insurance and provide an Airbnb travel insurance review so you can find out.

What Does Travel Insurance for an Airbnb Rental Cover?

There are several components of a travel insurance plan that can cover you when booking an Airbnb. 

• Trip cancellation coverage – If you have to cancel your trip for a covered reason, you may not be able to get a full Airbnb refund in every case. Trip cancellation insurance can see to it that you’re reimbursed for all qualifying prepaid, nonrefundable expenses.
• Travel delay coverage – If your trip is delayed for a covered reason such as bad weather pushing back your flight that causes you to miss a day you’ve already booked at your Airbnb, your travel insurance can reimburse you. 
• Emergency medical coverage – If you were to get hurt or sick while staying at your Airbnb, travel insurance can cover any new medical expenses that occur after the effective date of the policy. This is especially important if you’re staying in an Airbnb outside of your home country, where your domestic health insurance is unlikely to be accepted.

Is This Already Covered in Airbnb AirCover?

While it’s true that Airbnb Aircover can provide some coverage for certain issues like the host cancelling or problems with your Airbnb rental, it can’t cover many issues you might encounter. 

For instance, if you have an issue unrelated to your Airbnb that forces you to cancel or delay your trip at the last minute, AirCover can’t help. On the other hand, travel insurance can cover any cancellation or delay for any reason outlined in the policy certificate. AirCover also isn’t going to cover your trip to the hospital if you slip on the stairs. Travel insurance can. 

Is Airbnb Travel Insurance Worth It?

If you’re asking yourself, “Should I get Airbnb travel insurance?” when booking a trip, there are a few things to keep in mind.

First off, consider the destination and the cost of airfare to reach it. If it’s in a foreign country where your health insurance will not be valid and plane tickets cost a good amount, you absolutely need Airbnb travel insurance to cover any potential cancellation, delay, or medical expenses. 

However, if you’re driving a short distance to stay at an Airbnb in your home country, where there’s little financial risk to cancellation that Airbnb wouldn’t cover and no risk of going without health insurance coverage, you most likely don’t need to spend the extra money on travel insurance.

Alternatives to Airbnb Travel Insurance

• Travel Medical Insurance – International medical insurance only, without trip cancellation coverage.
• Flight Insurance – Low-cost  insurance that can provide compensation in case of injury or death on a common carrier.

How to Get Airbnb Travel Insurance

It’s easy to get Airbnb travel insurance right here on our website. Just fill out the quote form, compare travel insurance plans, and purchase online in minutes. And if you have any questions, we have licensed, US-based agents standing by to help.

Frequently Asked Questions

What does Airbnb travel insurance cover?

Airbnb travel insurance can provide financial reimbursement in the event of a cancelled, delayed, or interrupted trip. In addition, it can cover any new medical expenses that occur after the effective date of the policy up to the policy maximum.

What does Airbnb travel insurance not cover?

Airbnb travel insurance will not cover any medical conditions that are not new or do not occur after the effective date of the policy. It will also not provide cancellation or refund benefits in the event of a refundable payment. Please check with your rental company and read the policy documents for the particular insurance plan you’re interested in for complete details of how Airbnb travel insurance works.

Should I get travel insurance for Airbnb?

We recommend Airbnb travel insurance for any trip in which you’re staying at an Airbnb that you must travel a longer distance to reach, especially if it is outside your home country where your domestic health insurance is unlikely to cover you against illness or injury.

Is Airbnb travel insurance worth it?

Airbnb travel insurance is absolutely worth it if you do not want to get stuck paying for a trip you cannot take in the event of a cancellation or significant delay. The best travel insurance plan for your needs can cover unexpected travel and Airbnb expenses, allowing you to book your vacation or business trip with fewer worries about the unexpected.