Depending on the details of your particular trip, you can decide if purchasing Airbnb travel insurance is worth it. Moreover, benefits like trip cancellation and interruption coverage do not cover transportation, excursions, and other nonrefundable travel expenses. In addition, they only apply to Airbnb rentals.
However, it’s important to assess your current safety before acquiring a policy. Basic travel insurance is often included on credit cards, and it might be enough to pay for an Airbnb cancellation and consider the specific host’s cancellation policies.
Some establishments have stringent cancellation policies, requiring cancellations to be made within 48 hours of the reservation to receive a refund. Furthermore, some are more accommodating and provide a complete refund if you cancel up to 24 hours before check-in.
How Airbnb Travel Insurance Works
When making a reservation on Airbnb, visitors from the US, UK, and Europe can purchase travel insurance. In a few years, it could offer travel insurance to visitors from other nations. Additionally, the ability to purchase travel insurance is integrated into the booking procedure and differs a bit depending on the location.
This is how it operates:
- Guests can add travel insurance at the time of booking.
- Specific screens outline the policy’s coverage and important exclusions.
- Guests just need to add travel insurance to their reservation and check out if they’re interested.
The cost of the guest’s travel insurance is a line item that will show up at checkout and is calculated as an amount of their entire trip budget.
What Does Airbnb Travel Insurance Cover
Travel insurance provides coverage for Airbnb, among other comparable vacation rentals making it worth it. For the most part, it handles your Airbnb stay in the same way that they would a hotel, resort, or other kind of lodging. This implies that for your reservation to be insured, it must be paid for in full and is nonrefundable.
For your forthcoming Airbnb stay, some examples of coverage you might get from a travel insurance policy are as follows:
- Your Airbnb host cancels your reservation at the last minute if you or a group member becomes ill.
- The theft of your personal belongings from the rental property
- If there’s a legitimate reason why you have to go home early,
- If the Airbnb becomes unusable to live in
Prior to an Airbnb, purchasing travel insurance provides several advantages and guest safety. In addition, the policy provided by Airbnb is reasonably priced and covers a variety of travel-related issues. This is included in the coverage are the following:
Trip cancellation
If you have to cancel due to a serious illness, flight cancellations, or weather-related mandatory evacuations, you will be reimbursed up to 100% of your Airbnb cost. However, if a guest needs to return home for a legitimate reason, the cancellation policy will reimburse them for any unused Airbnb reservation fees.
Flight delay
For covered delays longer than 12 hours, receive up to $750 per person.
Medical emergency
In case of an emergency, you may be compensated up to $50,000 for services rendered by a doctor, such as hospital bills, ambulance rides, and prescription medications. Unless otherwise specified, this policy will not pay for medical emergencies related to a pre-existing medical condition.
Luggage loss & delay
Trip paperwork and lost, damaged, or stolen luggage, as well as unapproved credit card use, are all covered up to $1,000 per person in reimbursement. Moreover, clients are reimbursed for up to $250 in costs incurred to buy necessities like clothing and toiletries if luggage is delayed.
How Much Does Airbnb Travel Insurance Cost?
You will be able to add guest travel coverage to your Airbnb reservation at the time of checkout. However, if you go to your confirmation email after making a reservation, you can buy insurance. Additionally, the total expense of the trip and your location determine the cost.
Rates for travel coverage from Airbnb are based on a portion of the total cost of your reservation. You may choose whether or not to add coverage at checkout because the precise insurance rate will be made available to you. Furthermore, the reservation email will offer confirmation of the insurance coverage if you choose to add it.
How to Cancel Your Airbnb Travel Insurance
You have ten days from the time of purchase to cancel your Airbnb insurance. However, to cancel it, navigate to the insurance policy overview page in your Airbnb account. Additionally, you will receive an email with this when you add insurance to your reservation.
Then click the Cancel Plan button on that page. Moreover, even though there is still time to cancel, once your trip has begun you are unable to do so.
How to File Airbnb Travel Insurance Claim
To file a claim, navigate to your Airbnb insurance policy page and click “Start a Claim. For visitors from the US, you can also consult an insurance provider known as Generali. Moreover, you will have to provide information about the interruption or delay of your trip, along with any related expenses, during the claims procedure.
However, if it’s covered by your policy, the claims team will verify it and handle any applicable reimbursements. Lastly, if the claims team asks for it, keep all receipts and supporting documentation on hand.
