Insurance for Airbnb hosts in Cape Coral is vital to protect your property, guests, and financial assets. As a host, you are responsible for the safety and security of your guests while they stay in your property. Unfortunately, accidents can happen, and unexpected events such as property damage or theft can occur, leaving you liable for the costs.
Having adequate insurance coverage can help you mitigate these risks and protect yourself financially. Airbnb offers a Host Protection Insurance program, which provides liability coverage up to $1 million for eligible claims involving third-party injuries or property damage. However, this program does not cover all types of damages, such as loss of income due to booking cancellation.
Therefore, it’s essential to consider purchasing additional insurance coverage specifically designed for short-term rentals.
Typically, Airbnb insurance in Cape Coral will cover major events like:
Normally, standard contracts do not cover the following risks:
Airbnb insurance costs will depend on many factors, including the size of your rental space, the property value, the location, the level of coverage, and other details. For example, сoverage for a 1-bedroom, 1-bathroom condo in downtown Cape Coral could cost around $600-$1000/year.