best travel insurance for airbnb

5 Best Travel Insurance for Airbnb: Protecting Your Vacation Rental Experience

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Are you worried about protecting your precious vacation experience from any unforeseen mishaps? We have just the solution for you – travel insurance! Travel insurance is a safety net that protects you against various risks during your trip, from trip cancellations to medical emergencies and more.

But why is travel insurance important specifically for your Airbnb adventures? Renting an Airbnb can offer a unique and exciting experience, but it also comes with risks. What if your host suddenly cancels on you, leaving you stranded nowhere to stay? Or what if your luggage is delayed and is off in a different state or country? These situations can turn your dream vacation into a nightmare. That’s where travel insurance comes in.

Even though Airbnb offers travel insurance, choosing the right travel insurance for your vacation rental experience is crucial. You don’t want to end up with a policy that covers everything except what you need. Research different insurance providers, compare their coverage and premiums, and remember to check customer reviews.

Additionally, consider the specific needs of your Airbnb adventure. Are you planning to rent a car during your stay? Then, make sure your insurance covers rental car damage. Are you worried about the rising menace of identity thieves? Look for a policy that includes identity theft protection.

Select the best travel insurance for Airbnb from our list and embark on your adventure worry-free!

Table of Contents

Best Travel Insurance for Airbnb

Travel Guard

best travel insurance for airbnb

Travel Guard is a leading travel insurance provider known for its comprehensive range of coverages and services. The company is committed to ensuring that travelers have the best experience during their trips, offering protection against unforeseen events and challenges that may arise while traveling.

Coverages

  • Deluxe Plan: The most comprehensive travel insurance plan. It offers the most travel coverage, global travel assistance, and access to 24/7 emergency travel assistance services.
  • Preferred Plan: A suitable travel insurance plan for most travelers.
  • Essential Plan: A budget-friendly option perfect for business and domestic travel with basic coverage amounts.

All coverages include trip cancellation, interruption, travel medical expenses, and Medevac. 

  • Trip Cancellation – 100% of trip cost
  • Trip Interruption – 100% or 150% of trip cost
  • Travel Medical Expense – $15,000 – $100,000
  • Medevac – – $150,000 – $1,000,000

Popular Optional Coverage Add-Ons

  • Pre-Existing Medical Condition Waiver: Purchasing your travel insurance shortly after 14 days before making your initial trip payment qualifies you for the pre-existing medical condition exclusion waiver.
  • Lodging Expense Benefit: This new benefit may cover up to $500 per person for certain additional lodging expenses for travelers heading to destinations outside the U.S.
  • Rental Vehicle Damage Coverage: Affordable physical damage insurance plan for rental cars, providing primary coverage for repairs due to collision or vandalism.

Travel Guard Pros

  • Variety of Plans: Range of plans catering to different needs
  • Optional Coverages: Customizable their insurance with optional add-ons
  • Reputation: Positive customer feedback, with many highlighting the seamless claim process and excellent customer service
  • Awards: Awarded top honors by Forbes Advisor in their Best Travel Insurance Companies list

Travel Guard Cons

  • Coverage Limitations: Like all insurance policies, there are exclusions and limitations
  • Geographical Restrictions: Some benefits, like the Lodging Expense Benefit, are available only for trips to destinations outside the U.S.

Allianz Travel

best travel insurance for airbnb

Allianz Travel, a part of Allianz Global Assistance, is a leading travel insurance and assistance service provider. With a solid commitment to ensuring travelers’ peace of mind, Allianz offers a range of insurance products tailored to various travel needs.

Coverages

  • Trip Cancellation and Trip Interruption: Provides reimbursement for prepaid, non-refundable trip costs if you have to cancel or interrupt your trip for a covered reason.
  • Travel Delay: Offers reimbursement for eligible meals, accommodation, and transportation expenses during a covered delay.
  • Medical Emergency: Covers care following a covered medical emergency while traveling.
  • Rental Car Protection: Cover potential damage to rental vehicle.
  • 24/7 Assistance: Access a 24-hour Assistance hotline for expert, personalized support in a crisis.

Allianz Travel Pros

  • Comprehensive Coverage: Various plans that cover various travel-related risks
  • Reputation: As a world leader in travel protection, trusted by millions of travelers worldwide
  • TravelSmart App: Provides travelers with important safety updates and streamlines trip planning
  • Global Network: Worldwide network of prescreened hospitals, ensuring travelers get the proper care wherever they are

Allianz Travel Cons

  • Limitations and Exclusions: Like all insurance policies, there are specific exclusions and limitations
  • No “Cancel For Any Reason” Option: The policy does not offer the flexibility to cancel a trip for any reason outside of the listed covered reasons

World Nomads

best travel insurance for airbnb

World Nomads is a popular travel insurance provider known for its flexibility and comprehensive coverage tailored for adventurous travelers. The company emphasizes exploration, safety, and responsible travel.

Coverages

  • Trip Cancellation and Trip Interruption: Provides coverage for unforeseen events that may cause travelers to cancel or interrupt their trip.
  • Travel Delay: Reimbursement for additional accommodation and travel expenses if delayed due to unexpected events.
  • Medical Emergency: Offers coverage for unexpected medical emergencies while traveling.
  • Adventure Activities: World Nomads is known for covering a wide range of adventure activities that many other insurers might exclude.
  • Theft or Damage: Coverage for stolen or damaged gear and personal belongings.

World Nomads Pros

  • Flexibility: Travelers can purchase or modify their insurance after starting their journey
  • Adventure-Friendly: Covers a wide range of adventure sports and activities
  • Global Network: Provides access to a global network of medical providers and travel experts
  • Travel App: Offers safety updates and streamlines trip planning
  • Community Engagement: Supports various community development projects, allowing travelers to make micro-donations and contribute

World Nomads Cons

  • Limitations: There are specific exclusions and limitations to any insurance plan. It’s essential to read the policy details
  • Pricing: Depending on the coverage and region, some travelers might find World Nomads pricier than other options
  • No “Cancel For Any Reason” Option: The policy does not offer the flexibility to cancel a trip for any reason outside of the listed covered reasons

Trawick International

best travel insurance for airbnb

Trawick International is a renowned insurance provider that offers a range of travel insurance plans tailored to meet the diverse needs of travelers. If you’re an Airbnb guest considering travel insurance, here’s a concise overview of Trawick’s offerings, along with their pros and cons:

Coverages

  • Trip Cancellation and Interruption: Provides reimbursement for prepaid, non-refundable expenses if you need to cancel or interrupt your trip for covered reasons.
  • Emergency Medical and Dental: This covers unexpected medical and dental expenses incurred during your trip.
  • Emergency Medical Evacuation: Offers coverage for medically necessary transportation to the nearest appropriate medical facility.
  • Baggage and Personal Effects: Reimburse lost, stolen, or damaged baggage and personal items.
  • Accidental Death & Dismemberment: Provides a benefit if you suffer a serious injury or death while on your trip.
  • Travel Delay: Offers reimbursement for additional accommodation and meal expenses for trip delays for a covered reason.
  • 24/7 Assistance Services: Access to a team of travel assistance experts available round the clock to help in emergencies.

Trawick Pros

  • Variety of Plans: Trawick offers a diverse range of plans, catering to different types of travelers, from solo adventurers to families
  • Flexible Coverage Options: You can customize your coverage based on your specific needs and trip details
  • Competitive Pricing: Trawick’s plans are competitively priced, offering good value for the coverage provided
  • Reputable and Reliable: Reputation for reliability and prompt claim processing
  • Comprehensive Online Portal: Easy access to policy details, claims submission, and customer support through their online platform

Trawick Cons

  • Coverage Limitations: Trawick has certain exclusions and limitations in their policies, like all insurance providers
  • Not Suitable for All Types of Trips: Not all might be suitable for specific trip types, such as long-term travel or extreme sports adventures

Travelex

best travel insurance for airbnb

Travelex Insurance Services is a prominent travel insurance provider offering various plans tailored to multiple travel needs. With a focus on flexibility and comprehensive coverage, Travelex aims to provide travelers with peace of mind during their journeys.

Coverages

  • Trip Cancellation & Interruption: Provides reimbursement for prepaid, non-refundable expenses if you need to cancel or interrupt your trip for covered reasons.
  • Emergency Medical & Dental: Covers unexpected medical and dental expenses incurred during your trip.
  • Travel Delay: Offers reimbursement for additional accommodation and meal expenses for delayed trips within covered reason.
  • 24/7 Assistance: Access to a team of travel assistance experts available round the clock to help in emergencies.
  • Baggage & Personal Effects: Reimbursement for lost, stolen, or damaged personal belongings during your trip.

Travelex Pros

  • Variety of Plans: Travelex offers multiple plans, including “Travel Select,” “Travel Basic,” and “Travel America,” catering to different types of travelers and trip requirements
  • Comprehensive Coverage: The plans provide a wide range of coverages, protecting travelers against unforeseen events
  • Reputation: Travelex is known for its reliability and prompt claim processing, making it a trusted choice among travelers
  • User-Friendly Platform: The Travelex website is easy to navigate, allowing travelers to find the information they need and purchase insurance quickly

Travelex Cons

  • Coverage Limitations: Travelex has specific exclusions and limitations in its policies
  • Pricing: Some travelers might find Travelex pricier than other options, depending on the coverage and region

Closing Thoughts

Travel insurance is a great resource to make your Airbnb experience more enjoyable and secure. No matter what your adventure may bring, there’s always an option to give you protection and peace of mind if anything goes wrong.

Look through these top 5 travel insurance policies for Airbnb vacations to choose the best policy that fits you and your needs – it could save you thousands and change your whole vacation experience for the better!

Wayne is a seasoned finance and accounting professional with a passion for empowering individuals to achieve financial success. As the founder of WealthyPayoff, Wayne combines his expertise in personal finance and entrepreneurship to provide valuable resources, insights, and guidance for those seeking financial independence.