is travel insurance on airbnb worth it

Airbnb Travel Insurance: What Guests Should Know

Airbnb travel insurance can protect your finances if your trip goes awry..

5+ years writing insurance and personal finance topics

Auto, home, health, and life insurance expertise

Elizabeth has extensive insurance industry experience, having written for Insureon, Rate Retriever, and Insurify. She’s also finance and insurance editor for Car and Driver.

Read Editorial Guidelines

Featured in

Licensed auto and home insurance agent

4+ years in content creation and marketing

As Insurify’s home and pet insurance editor, Danny also specializes in auto insurance. His goal is to help consumers navigate the complex world of insurance buying.

Updated September 26, 2023

Reading time: 4 minutes

Table of contents

• Airbnb insurance
• What’s covered
• What’s not covered
• Filing a claim

Staying in an Airbnb can be more convenient and affordable than renting a hotel room. And now, Airbnb offers travel insurance for guests in certain regions. Travel insurance can offer valuable financial protection if you need to cancel a prepaid trip for a covered reason.

Before you book a short-term rental through Airbnb, you should review and understand the available insurance options. Here’s what you need to know about Airbnb insurance, including what’s covered, what’s not covered, and how to file a claim.

Airbnb travel insurance explained

Airbnb travel insurance is an optional policy that you can purchase when booking a short-term rental. If you need to cancel your Airbnb booking for a covered reason, your insurer will reimburse you for up to 100% of your non-refundable reservation costs. It also provides coverage for things like travel delays and medical emergencies.

Airbnb travel insurance is currently available for customers in the United States, United Kingdom, and some European countries, including Austria, Germany, Italy, Ireland, the Netherlands, Portugal, and Spain. [1]

The cost of Airbnb travel insurance is a percentage of your total reservation cost. When you book your stay, you’ll have the option to add travel insurance to your reservation. The cost is added to the total reservation cost as a line item, and you pay for the policy when you check out online.

AirCover vs. Airbnb travel insurance

Every Airbnb booking includes AirCover, which covers things like last-minute booking cancellations by the host and problems during check-in. There’s also a 24/7 safety line that Airbnb guests can call if they feel unsafe. [2]

In addition, AirCover provides certain protections for hosts, like guest identity verification, $3 million in property damage protection, liability insurance, and loss of income insurance.

AirCover and Airbnb travel insurance are different products. AirCover is free with all bookings and covers significant issues that arise with a booking, like inaccurate listings or missing amenities.

On the other hand, Airbnb travel insurance is optional, and you can add it to your reservation for an additional cost. Unlike AirCover, Airbnb travel insurance will refund you for prepaid booking expenses if you need to cancel your trip for a covered reason, like flight delays or illness.

What Airbnb travel insurance covers

Airbnb travel insurance provides coverage for many unforeseen situations that can arise during travel. Here are some of the things an optional Airbnb travel insurance policy covers. [3]

Trip cancellation

If you need to cancel your Airbnb reservation for a covered reason, you can file a claim and get refunded for up to 100% of your prepaid and non-refundable costs. Covered reasons include illness and injury, flight cancellations and delays, and government mandates for evacuations due to a natural disaster or other inclement weather events.

Travel delays

This part of the policy will reimburse you for additional expenses if your trip gets delayed by more than 12 hours for a covered reason. Some covered situations include delayed flights, bad weather, and stolen passports and travel documents.

Medical emergencies

If you get sick or injured during your trip, an Airbnb travel insurance plan will reimburse you for medical costs, including prescription medication, emergency transportation in an ambulance, and hospital bills.

Delayed baggage

Guest travel insurance from Airbnb will reimburse you for lost, damaged, or stolen baggage. In addition, this policy will cover damaged travel documents and unauthorized credit card transactions that occur while traveling.

24/7 emergency and travel assistance

Airbnb offers 24/7 assistance while you’re traveling. Whether you experience a medical emergency and need to go to the nearest hospital or have questions about booking restaurants on your trip, a representative from Airbnb can provide the appropriate assistance, day or night.

What Airbnb travel insurance doesn’t cover

Airbnb travel insurance doesn’t cover everything, so it’s important to read your policy’s fine print before purchasing coverage. You’ll have the option to review the terms of Airbnb’s travel insurance contract before you add it to your reservation.

For example, for bookings made on or after May 31, 2022, having COVID-19 is no longer considered an extenuating circumstance that would allow you to cancel your trip for a refund.

There are also some location-specific restrictions. For UK travelers, Airbnb travel insurance doesn’t cover the cost of travel to and from your Airbnb listing, such as trains and ferries. It also won’t cover treatment for pre-existing medical conditions. [3]

How do you file an Airbnb travel insurance claim?

The insurance company that underwrites the policy handles Airbnb’s travel insurance claims. For U.S. residents, the underwriter is Generali. For UK and EU residents, the underwriter is Europ Assistance. [3]

You can initiate the claim process by visiting the coverage overview page on the Airbnb website and selecting “Start a Claim.” You can also contact the insurance company that underwrites your policy directly to start a new claim. [3]

Airbnb travel insurance FAQs

Below, you’ll find answers to some of the most commonly asked questions about Airbnb travel insurance.

How do you add Airbnb travel insurance to your booking?

When you reserve an Airbnb, you’ll have the option to add travel insurance to your reservation before you check out. The travel insurance premium will already be generated, so you can simply check the box to add the insurance policy to your total reservation cost.

Does Airbnb travel insurance cover COVID-19?

Airbnb travel insurance doesn’t cover COVID-19. If you test positive for COVID-19 and need to cancel your trip, the Airbnb host’s cancellation policy will apply. Additionally, Airbnb travel insurance doesn’t cover unexpected travel disruptions due to COVID-19, like quarantine mandates or border closures.

Are hosts covered by Airbnb travel insurance?

Airbnb travel insurance doesn’t provide any protection for hosts or their Airbnb property. However, AirCover, which is included for free in every booking, does provide protections for Airbnb hosts, such as damage to their rental property.

Should you get insurance for Airbnb?

Airbnb travel insurance can be beneficial if you’re spending a lot of money on non-refundable bookings or want to ensure coverage for unexpected issues, like travel delays and lost baggage. However, if you’re driving a short distance to stay in a vacation rental for the weekend, this policy may not be worth the added cost.

Related articles

• Does Travel Insurance Cover Pre-Existing Conditions?
• What Is Cancel For Any Reason (CFAR) Travel Insurance?
• Airbnb . " Understanding Travel Insurance ."
• Airbnb . " Aircover for guests ."
• Airbnb . " Travel insurance through Generali ."

Elizabeth Rivelli is a freelance writer covering insurance and personal finance. She has extensive knowledge of various insurance lines, including property and casualty, health, and life insurance. Her byline has been featured in dozens of publications, including Investopedia, Forbes, Bankrate, NextAdvisor, and Insurance.com . 

Latest Articles

Colorado Travel Insurance Regulations Take Effect

Colorado residents may find their summer vacations a bit more relaxing this year. The state’s new regulations for travel insurance take effect Aug. 7 and apply to travel insurance that covers Colorado residents and any travel insurance company doing business in the state.

Cheapest Travel Insurance (September 2024)

Travel insurance can be beneficial, especially for people traveling to risky areas and people with health concerns.

How to Find the Best Travel Insurance for Seniors

Travel insurance can be beneficial for senior travelers, especially those with health concerns. Find out how you can secure your next trip.

What Does Cruise Insurance Cover?

Cruise insurance is a type of travel insurance that can include international medical insurance, trip delays, and complete cancellation of your trip.

Visitor Insurance for Parents: What to Know

Learn how to find visitor insurance for parents, why you need it, and the best companies offering medical coverage for visitors from abroad.

Is Flight Insurance Worth It?

Is flight insurance worth it? Weigh the pros, cons, typical costs, and coverage options to decide whether it’s worth purchasing.

BeSureInsured

Is Airbnb Travel Insurance Worth It?

Airbnb is an online platform known for providing a way for individuals to list, discover, and book lodging accommodations along with travel experiences around the world.

You might probably have come across Airbnb’s travel insurance offerings and wondered if their travel insurance is worth trying. If you find yourself in this speculative situation, then this post is all you need to clear the doubt.

We will carefully explain everything you should know about Airbnb travel insurance, weighing its pros and cons to determine if it is a go-to option or not.

What is Airbnb Travel insurance?

Airbnb travel insurance is a type of insurance that is made for guests who book stays on the Airbnb platform. This policy covers risks such as trip cancellation or interruption, medical expenses, lost luggage, and trip delay. Sometimes, coverage for property damage or personal liability is also covered in the policy.

It is worth noting that Airbnb is not a standalone insurance company, but instead relies on a host of insurance companies to provide travel insurance coverage to guests. Due to this reason, its premiums and coverages might be different depending on the insurance company.

Why Airbnb travel Insurance is worth it

As per Airbnb, “Travel insurance offers to pay guests up to 100% of their Airbnb booking costs when they cancel for covered reasons”.

This means that after purchasing travel insurance from the company and you decide to cancel your booking for a covered reason (covered reasons typically include injury, illness, death, lost or stolen passport), the insurance company is promising to reimburse you up to 100% of the cost of your Airbnb booking.

What travel insurance cover

Airbnb offers two types of travel insurance: Aircover for guests, and Travel insurance through Generali and Europ Assistance. Let’s look at their meaning and what they cover.

Also read : How to Cancel AAA Insurance in 2023 (Quick Steps)

AirCover for guests

Airbnb recently introduced a program for guests known as AirCover – this plan helps protect guests from unexpected events like listing inaccuracies, missing key amenities, specific events like bad weather, stolen travel documents, and even serious illness all for free.

Let’s take a look at what these unexpected events are and the refund percentage Airbnb is ready to reimburse.

• Listing inaccuracies : This means that if you find out that the provided listings i.e. the specific property or accommodation that was listed on the Airbnb platform are not as described, you can get up to 100% of your Airbnb reservation cost reimbursed.
• Missing key amenities : This provides reimbursement of up to 50% of the guests’ Airbnb reservation cost if the property or accommodation is missing key amenities.
• In addition, if you are affected by certain external factors like bad weather, stolen travel documents, and even cases of serious illness, Airbnb through its insurance partners is offering to pay you 100% of your non-refunded Airbnb reservation costs.

Travel insurance through Generali and Europ Assistance

Travel insurance is a paid travel insurance program that is available to guests in the United States, United Kingdom, and some parts of Europe (Germany, Spain, Italy, Ireland, Netherlands, Austria, and Portugal). This is done through Airbnb’s partnership with Europ Assistance Group and its U.S. subsidiary, Generali Global Assistance.

Unlike Aircover with limited coverage, Travel Insurance includes better support to cover a wider range of unexpected issues, including trip cancellation for any reason, lost or stolen passports, and flight delays.

The specific coverage offered by each type of travel insurance varies depending on the country where the guest is traveling. Here’s an overview of what Airbnb Travel insurance covers for US, UK, and EU residents.

US residents through Generali, their travel insurance policy includes:

• Trip cancellation
• Travel delay
• Medical assistance
• It also includes 24/7 emergency and travel assistance services.

UK residents through Europe Assistance, their travel insurance policy includes:

• 24/7 emergency and travel assistance is also included.

EU residents through Europe Assistance, their travel insurance policy includes:

You can refer to Airbnb’s official documentation to learn more about what Airbnb travel insurance includes.

Also read : Why is AAA Insurance So Expensive? Here Are 8 Reasons

Limitations of Airbnb travel insurance

Despite the mouthwatering offers provided by Airbnb, there are still some lapses the company is unable to cover for guests. Below are some limitations.

• Coverage limits : Airbnb has a lower coverage scope as compared to traditional travel insurance companies which have higher coverage for trip cancellation. For example, Airbnb is willing to cover a minimum cancellation fee of $50 USD and a maximum cancellation fee of $1,000 USD, whereas traditional travel insurance tends to cover up to $6,000 or more.
• Claims process : The Airbnb travel insurance claims process can be a tiring experience, mostly due to the fact that Airbnb travel insurance is administered by a third-party company, and in that case if you want to file a claim , you may need to file a claim with both Airbnb and the insurance company responsible for your coverage.
• Cancellation policy: Canceling your Airbnb policy is a straightforward and cheap process. But sometimes, certain situations could make this policy expensive particularly if you need to cancel your booking at the last minute.
• Regulations:  Airbnb is regulated differently in different countries. In some countries, there are restrictions on how many days a year a property can be rented out on Airbnb.

Final Verdict

Whether or not Airbnb travel insurance is worth it depends on your individual circumstances and needs. If you’re seeking basic coverage at a very low cost, then Airbnb is worth it. However, if you are looking for a more robust travel cover, or if your travel could involve high potential risk and loss, then Airbnb might not be the most ideal option for you.

Overall, Airbnb is a candid option to offer you the peace of mind, financial protection, and convenience you need for your trip.

More on Airbnb

Insurance companies that offer policies for airbnb hosts and guests.

Below are top insurance companies that offer policies for Airbnb guests.

• World Nomads

Also read : Insurance for Wineries

Frequently Asked Questions (FAQs)

How much does airbnb travel insurance cost.

The cost of Airbnb travel insurance varies depending on the length of your trip, your destination, and the level of coverage you choose.

Airbnb’s travel insurance policies and refund policies can vary depending on the specific circumstances and the type of coverage you’re referring to.

For example, if you purchased a standalone travel insurance through Airbnb or another provider, the refundability of the insurance premium would depend on the terms of the insurance policy itself.

Can I still access Airbnb travel insurance coverage without being a resident in the US, UK, or EU?

No. Airbnb is only available for residents in the US, UK, and eight other selected EU countries.

How do I know if Airbnb travel insurance is right for me?

To know if Airbnb travel insurance is right for you, first consider the potential risks, your individual preferences, and your coverage.

Airbnb Travel Insurance for Guests | What it is and How it Works

Traveling opens doors to new experiences and cultures, but unexpected events can disrupt even the best-laid plans. Trip cancellations, flight delays or medical emergencies can leave you scrambling for solutions and facing financial losses. This is where travel insurance steps in, offering a safety net for unforeseen circumstances.

Airbnb, recognizing this need, offers travel insurance as an add-on purchase for guests during the booking process. But how does it differ from the existing Airbnb Host Guarantee programs like AirCover for guests? Let's delve into the world of Airbnb travel insurance and understand how it can protect your next Airbnb adventure.

AirCover vs. Travel Insurance

It's important to distinguish between Airbnb travel insurance and AirCover for guests . AirCover is a free program offered by Airbnb. It acts as a safety net for situations directly related to the host or the listing itself.

Let's dissect what AirCover covers:

• Listing inaccuracy: Did the pool in the pictures turn out to be a kiddie inflatable? AirCover comes to the rescue if the listing significantly differs from reality and the host can't rectify it. Guests will be assisted in finding similar accommodation or offered a full or partial refund.
• Host cancellation within 30 days: Imagine booking your dream getaway only to have the host cancel last minute. AirCover ensures guests aren't left scrambling. It will help them find alternative accommodation or provide a full refund.
• Unable to check-In (host's fault): You arrived at your stay, but the host is nowhere to be found, or there's a problem with access? AirCover steps in, helping guests find a similar place or offering a full refund depending on the circumstances.

In these scenarios, Airbnb will help you find a similar place to stay or offer a full or partial refund.

Travel insurance

Travel insurance acts as a broader umbrella, shielding guests from a wider range of potential disruptions beyond the scope of AirCover.

Unlike AirCover, travel insurance is an optional add-on purchased during the booking process. It's provided by a third-party insurance company, currently Generali Global Assistance in the US and Europ Assistance Group in other parts of the world) and offers broader coverage for unforeseen circumstances outside the control of you and your host.

What does Airbnb travel insurance cover?

Airbnb travel insurance offers a safety net for various situations that could derail your trip. Here's a breakdown of some key coverages:

• Trip cancellation: If you need to cancel your trip entirely for a covered reason, you can be reimbursed for up to 100% of your non-refundable Airbnb booking cost. Covered reasons typically include illness, injury (to yourself or a travel companion), natural disasters at your destination or unexpected work obligations.
• Trip interruption: Imagine having to cut your Airbnb stay short (due to a covered reason). You can get reimbursed for the unused portion of your accommodation cost, potentially up to 150% (including the initial cancellation reimbursement). This additional 50% might cover some additional expenses incurred due to the disruption.
• Travel delay: Flight delays can wreak havoc on your itinerary. If your trip is delayed by 24 hours or more due to a covered reason (like bad weather or a mechanical issue), you might be reimbursed for expenses like meals, accommodation and local transportation incurred during the delay, up to a certain limit per person (typically $750).
• Emergency medical and evacuation: Accidents or sudden illness can occur anywhere. You get coverage for medical expenses and emergency medical evacuation (including repatriation) if needed during your trip.
• Baggage delay or loss: Misplaced luggage can throw a wrench in your travel plans. If your checked baggage is delayed or lost for 24 hours or more, you might be reimbursed for essential items like toiletries and clothing to tide you over until your luggage arrives.

What does Airbnb travel insurance NOT cover?

This depends on how the coverage is defined and the country of residence of the Airbnb traveler. For example, UK residents are not covered for travel costs such as flights, trains and ferries as well as pre-existing medical conditions.

Policy details relevant to each country including areas of coverage and key exclusions can be found here .

How Does Airbnb AirCover Work with Airbnb Travel Insurance?

Airbnb’s AirCover for guests and travel insurance are two different but complementary products that work well together. For example, if a guest arrives at their destination only to find the host has canceled the reservation at the last minute. Meanwhile, they are informed at the airport that their baggage is missing. While AirCover will help the guest find a new place to stay at no extra cost, they can file an insurance claim to get reimbursed for their missing baggage.

Key Considerations for Guests When Choosing Travel Insurance

While AirCover offers valuable protections related to Airbnb itself, Airbnb travel insurance provides a broader safety net for various trip disruptions.

By understanding the coverage details and comparing it to your specific needs and risk tolerance, you can decide if Airbnb travel insurance is a worthwhile addition to your Airbnb booking. Here are some additional tips:

• Compare costs: Don't just rely on the travel insurance offered during booking. Consider comparing it with independent travel insurance providers to see if you can find a better deal with similar coverage.
• Read reviews: Researching online reviews of Generali's travel insurance can give you insights into their claim settlement process and customer service.
• Consider trip protection on credit cards: Some credit cards offer trip cancellation or interruption insurance as a benefit. Check your credit card's benefits to see if it might already offer some coverage.
• Always review the full terms and conditions of any travel insurance policy before purchasing.
• File claims promptly according to the insurer's guidelines.
• Keep all documentation related to your trip cancellation or disruption, including receipts and communication with the host or airline.

By being prepared with Airbnb travel insurance, you can embark on your Airbnb adventure with greater confidence, knowing you have some financial protection if the unexpected arises. Now you can focus on creating lasting memories during your stay!

Who should consider Airbnb travel insurance?

Travel insurance can be a wise investment for:

• Those with non-refundable bookings: If you've booked an Airbnb with a strict cancellation policy , travel insurance can provide peace of mind in case unforeseen circumstances force you to cancel.
• Those booking expensive trips: For trips with a significant financial investment, travel insurance can help mitigate potential losses due to cancellations or interruptions.

Ready, Set, Go!

Airbnb travel insurance is more than just a step in creating new revenue streams. It’s also a means of providing added convenience to users inclined to purchase travel insurance while keeping them inside the Airbnb platform.

By incorporating this optional safety net, you can approach your Airbnb adventure with a sense of security, ready to embrace the possibilities and forge unforgettable memories. Remember, travel insurance provides a financial buffer, but prioritizing safety and well-being throughout your travels should always be your top priority. Now, bon voyage!

Ready to find out how Hostaway can transform your business?

Launched in 2015, Hostaway has helped thousands of vacation rental property managers regain their focus on growing their business. Hostaway takes pride in aligning itself with the needs of the fast evolving landscape and always provide reliable technology and great support. Sign up today!

Don't get stuck in a broken routine with poor software, manage your properties with Hostaway and experience a better business and life right away!

Should you purchase travel insurance for your vacation rental?

Vacation rentals booked through Airbnb and its alternatives have become popular holiday destinations for all types of travelers, from extended families staying in large beachfront homes to couples vacationing in swanky city apartments.

But what happens if these rental properties, especially ones worth millions of dollars, get damaged before you arrive or if your plans unexpectedly change, causing you to need to cancel or shorten your stay?

While the exact outcome will depend on the situation, if you purchase travel insurance , you may find you're eligible for compensation.

So how do you know if it's worth the investment before your next trip? TPG dug into the details to determine what standard travel insurance policies may cover you for when staying at home rentals — and when you may want to purchase some additional coverage.

For more TPG news and tips delivered each morning to your inbox, subscribe to our daily newsletter .

What travel insurance covers for vacation rentals

Traditional travel insurance policies offer features that will cover you and your invested travel costs, whether you're staying at a hotel , friend's house or rental property. Although the exact benefits for vacation rentals may vary slightly depending on the policy you choose, there are a few situations that most will cover.

Your vacation is canceled due to sickness, injury or an emergency

Many hotels offer free cancellations until two or three days before arrival so long as you book your rooms with flexible rates. However, this is rarely the case for vacation rentals, which often have strict cancellation policies requiring 30 to 60 days of advance notice to cancel without penalty. Some even go so far as to have completely nonrefundable deposits, regardless of the cancellation circumstances.

Fortunately, there's a workaround to this conundrum if you find yourself in an unexpected situation involving your health or the health of someone close to you: trip cancellation coverage. If you have insurance with trip cancellation coverage and cannot complete your trip as planned due to select health-related issues, you'll be able to recoup up to 100% of your nonrefundable costs.

While the exact cases that are eligible for complete reimbursement vary by policy, know that many pertaining to health are covered. For example, World Nomads ' trip cancellation insurance policy will cover you in the event you need to cancel your vacation, including any stays at home rentals, due to illness, injury or a death in the family.

You have to cut your vacation short due to a medical reason or natural disaster

In addition to helping you out when you need to cancel your entire vacation, insurance can reimburse you for early departure fees when you find yourself needing to cut your vacation rental stay short. Know, though, that you'll need to have a policy offering trip interruption protection to be eligible for this perk.

Covered reasons for ending your stay early will vary from plan to plan, but typically, policyholders can expect reimbursement due to health-related issues and natural disasters like hurricanes, wildfires and blizzards. For instance, IMG's travel insurance covers sickness, injury and natural disaster evacuations when cutting vacation rental stays short.

You cannot stay at the rental due to it being uninhabitable

If you book a vacation rental that is not fit for human habitation, then the booking company or owner should refund all your costs. However, there are rare occasions when this does not happen, so it's important to have travel insurance as a backup.

To qualify for reimbursement from your travel insurance provider due to uninhabitable conditions, you'll need to read the fine print of your chosen policy. Allianz , for example, defines uninhabitable as "a natural disaster, fire, flood, burglary or vandalism that has caused enough damage (including extended loss of power, gas or water) to make a reasonable person find their home or destination inaccessible or unfit for use."

Other situations, such as having an unpleasant or dirty vacation rental , would not be enough to trigger this coverage.

Should you have to find another property or cancel your trip completely due to uninhabitable conditions at your original rental, your travel insurance plan will cover the added costs you incur.

Related: 13 mistakes to avoid on your next vacation home rental

What travel insurance won't cover for vacation rentals

As you may expect, there are some situations when travel insurance won't cover extra expenses related to stays at rental properties. To have a solid understanding of what to expect, be sure to read the fine print of any insurance product you choose. Only circumstances listed in the policy will be covered. The following are two key reasons why you wouldn't be covered.

You accidentally damage the property during a typical stay

Most travel insurance policies will not cover the costs of damage you incur at a rental property, even if it was done by accident. As a result, you must pay for a replacement or repair to any item you accidentally break or damage, such as a work of art, a garage door or wine glasses. Depending on the item in question, this can quickly add up.

If you have a homeowners or renters insurance policy, know that it may include protection beyond regular limits called "umbrella" coverage, which can help cover damage caused at a rental property. Keep in mind, though, that you'll have to pay your deductible first. Additionally, your home insurance rate may rise if you submit a claim for vacation rental damage.

Should you wish to stick with travel insurance, you may be able to add extra vacation rental coverage to a traditional policy to assist with accidental damage. Faye's travel insurance , for example, has an add-on feature that offers "coverage if you unintentionally damage the vacation rental property you're staying in or its contents, while in-trip." It costs about 10% of what you'll spend on the main policy itself.

You damage the property while hosting a party

Across the board, travel insurance policies are much more strict about damage caused during parties. If you host an unapproved party or event at a rental property and damage any part of the rental, you will be responsible for covering costs associated with repairs and replacements.

Even approved events are not entirely off the hook for any damage caused to the property. Should you decide to use a vacation rental for an approved event like a wedding or family reunion, expect the booking company or owner to require you to purchase an event-specific insurance policy that covers guest liability, home damage and other items that may be specific to the location.

Related: 6 truths and myths about 'cancel for any reason' travel insurance

Bottom line

Home rentals can be a great lodging solution when you're on vacation, especially if you're traveling with family or friends. However, the high cost of some vacation properties and the cancellation policies often in place mean you should probably purchase some kind of travel insurance to protect your investment.

Typical travel insurance policies will offer coverage for your vacation rental costs should your trip be canceled or delayed for events covered under the policy, but you may be on the hook for other scenarios. As a result, it's vital you pay careful attention to your policy's terms. Doing so will ensure you know what to expect should you face an unexpected situation while enjoying your temporary home away from home.

Related: 7 things to look out for when buying travel insurance, according to an expert

Home » Travel Insurance » Airbnb Travel Insurance: Is It Worth It? Your Ultimate Guide to Protecting Your Stay

• Travel Insurance

Airbnb Travel Insurance: Is It Worth It? Your Ultimate Guide to Protecting Your Stay

• Author | Alexa Erickson
• April 15, 2024

The Daily Navigator strives to help you make the best decisions in travel. While we produce content according with strict editorial integrity this post may contain references to partner products. Here’s a full explanation for how our team makes money .

• Understanding travel insurance coverage
• Factors to consider
• When travel insurance may not be necessary
• What may be excluded from travel insurance
• How to get travel insurance

What is travel insurance?

Travel insurance is a type of insurance coverage that provides financial protection against unexpected events or emergencies that may occur during your travels, such as trip cancellations, medical emergencies, lost baggage, or other unforeseen circumstances.

What are the main types of travel insurance?

• The main categories of travel insurance are typically based on the type of coverage they provide. Here are the main categories of travel insurance:
• Trip cancellation/interruption insurance: This  covers expenses incurred if you need to cancel or interrupt your trip due to covered reasons such as illness, injury, death, natural disasters, or other unforeseen events. 
• Medical insurance: This provides coverage for medical expenses incurred while traveling. It can include emergency medical treatment, hospital stays, doctor’s visits, medications, and medical evacuations.
• Baggage and personal  belongings insurance: This type of travel insurance protects against loss, damage, or theft of your luggage, personal belongings, and valuables during your trip. 
• Travel delay insurance: This covers additional expenses incurred due to unexpected delays, such as flight cancellations, missed connections, or severe weather conditions. 
• Emergency evacuation insurance: This category assists with the cost of emergency evacuations, particularly in remote or medically inadequate areas. 
• Accidental death and dismemberment insurance: This provides financial compensation in the event of accidental death, loss of limbs, or permanent disabilities resulting from accidents that occur during your trip.

How much does travel insurance cost?

The cost of travel insurance varies depending on several factors, including your destination, the length of your trip, your age, the coverage options you choose, and any pre-existing medical conditions. It is advisable to compare quotes from different insurance providers to find the best coverage at a competitive price.

Where can you buy travel insurance?

Travel insurance can be purchased from various sources, providing flexibility and options for travelers. Here are some common places where you can buy travel insurance:

• Insurance companies: Many insurance companies offer travel insurance policies. You can directly contact insurance providers to inquire about their offerings, receive quotes, and purchase a policy. These companies may have online platforms or local offices where you can access their services.
• Travel agencies: Travel agencies often offer travel insurance as part of their services. When booking your trip through a travel agency, they can provide you with options for travel insurance coverage and facilitate the purchase on your behalf.
• Online travel booking platforms: Online travel booking platforms, such as Expedia , Travelocity, or Kayak, often provide the option to purchase travel insurance during the booking process. These platforms may partner with insurance providers to offer a range of policies that you can select from.
• Credit card companies: Some credit card companies offer travel insurance as a benefit to their cardholders. If you have a credit card with travel-related perks, review the terms and benefits associated with your card to see if travel insurance coverage is included and how to access it.
• Comparison websites: There are online comparison websites that allow you to compare different travel insurance policies from multiple providers. These platforms provide a convenient way to review coverage options, prices, and customer reviews, helping you make an informed decision.
• Specialized travel insurance providers: There are companies that specialize in travel insurance, offering a wide range of policies tailored to different types of travelers and trips. These specialized providers may have additional coverage options or unique features that cater to specific needs, such as adventure travel or long-term travel.

With the rise of vacation rental platforms like Airbnb, travelers are increasingly seeking ways to protect their trips from unforeseen events. This is where Airbnb travel insurance comes into play. 

Let’s take a detailed look at what Airbnb travel insurance is, its importance, who offers it, and whether you should consider purchasing it.

Read also: The Best Travel Insurance Companies of 2024

What is Airbnb travel insurance?

Airbnb travel insurance is designed to cover unexpected events that may affect your travel plans when booking accommodations through Airbnb. This type of insurance can cover a range of incidents, including trip cancellations, interruptions, medical emergencies, and even lost luggage. Essentially, it acts as a safety net, ensuring that travelers can recover some of their costs if their travel plans are disrupted by covered events.

Should you get Airbnb travel insurance?

The decision to purchase Airbnb travel insurance largely depends on your personal risk tolerance and the nature of your trip. If you are planning a costly vacation, or traveling to a location with volatile weather or political climates, travel insurance can be particularly valuable. It offers peace of mind by mitigating financial losses due to last-minute cancellations or medical emergencies.

Here are some scenarios where Airbnb travel insurance can be beneficial:

• High investment trips : If you’re spending a significant amount on your Airbnb bookings, flights, and other travel arrangements, insurance can protect that investment.
• International travel : For trips abroad, where unexpected medical costs and trip delays are more problematic, travel insurance is highly advisable.
• Traveling in uncertain times : During periods of global uncertainty, such as the COVID-19 pandemic, having travel insurance means you’re more likely to recoup costs if plans change unexpectedly.

Navigator Tip

One crucial tip for travelers considering Airbnb travel insurance is to purchase the insurance policy shortly after booking your trip. Many travel insurance policies offer the most comprehensive coverage options, including a “Cancel For Any Reason” benefit, only if the insurance is purchased within a specific time frame after making the initial trip deposit—often within 10 to 21 days.

Buying your insurance early not only maximizes the coverage available but also ensures that you’re protected right from the start of your trip planning. This early purchase is particularly important for trips planned during peak travel seasons or to areas prone to natural disasters, as it secures your investment against a broader range of potential disruptions.

Who offers Airbnb travel insurance?

Airbnb guests residing in the US have the option to purchase travel insurance and assistance services either at the time of checkout or after their booking is confirmed. 

However, there are many third-party providers that offer policies for Airbnb customers as well. One reputable provider in this market is Squaremouth . Squaremouth is known for its transparent approach to selling travel insurance, providing a platform where travelers can compare policies from various insurers to find the best fit for their needs.

When choosing a policy, it’s important to read the fine print and understand what is and isn’t covered. Not all travel insurance policies are created equal, and coverage can vary significantly between providers.

Why consider Squaremouth for your Airbnb travel insurance?

Squaremouth stands out for several reasons:

• Comparison shopping : Squaremouth allows travelers to compare different travel insurance policies from top-rated insurers side by side.
• Customer reviews : The platform offers customer reviews and ratings for each policy, helping you make an informed decision based on other travelers’ experiences.
• Comprehensive coverage options : From trip cancellation to medical emergencies, Squaremouth offers a range of coverage options that cater to various travel needs.

Several insurance companies offer travel insurance policies that are suitable for Airbnb stays, including:

Tin Leg offers travel insurance that is suitable for Airbnb stays, featuring comprehensive coverage options. Their policies typically include benefits such as trip cancellation, interruption, emergency medical coverage, and baggage loss or delay.

Seven Corners

Seven Corners offers various travel insurance plans that can be tailored to include coverage for stays at rental properties like those booked through Airbnb. Their plans often cover medical expenses, trip cancellation, and interruptions.

Are there credit cards that offer travel insurance you can use for booking an Airbnb?

Yes, several credit cards offer travel insurance benefits that can be useful when booking an Airbnb stay. These benefits typically include trip cancellation and interruption insurance, travel accident insurance, baggage delay insurance, and sometimes even emergency medical and evacuation coverage. Here are a few key points to consider if you’re thinking of using a credit card’s travel insurance for your Airbnb booking:

Key features of credit card travel insurance

• Trip cancellation and interruption Insurance : This coverage can reimburse you for non-refundable travel expenses, including Airbnb stays, if your trip is canceled or cut short due to covered reasons such as sickness, severe weather, or other qualifying unforeseen events.
• Baggage delay insurance : If your bags are delayed, this insurance may cover the cost of essential items until your luggage arrives.
• Travel accident insurance : Provides coverage for accidental death or dismemberment that occurs while traveling.
• Emergency medical and evacuation : Some premium credit cards offer this coverage, which can be crucial, especially for international travel. It covers emergency medical expenses and, if necessary, medical evacuation.

Considerations when using credit card travel insurance for Airbnb

Coverage limits : Credit card travel insurance often has lower coverage limits and more exclusions compared to standalone travel insurance policies. It’s essential to review the terms and benefits to ensure they meet your needs.

Eligibility requirements : To activate these insurance benefits, you typically need to pay for a significant portion of your travel expenses with the credit card that offers the coverage. Ensure that your Airbnb booking is eligible.

Specific coverage details : The specifics of what is covered can vary greatly from one credit card to another. For example, some cards may exclude certain types of travel disruptions or reasons for cancellations that standalone travel insurance might cover.

Popular credit cards offering travel insurance

Chase sapphire reserve®.

 Offers extensive travel insurance benefits, including trip cancellation and interruption insurance, baggage delay insurance, and emergency medical coverage.

60,000 Bonus Points

after you spend $4,000 on purchases in the first 3 months from account opening. That’s $900 toward travel when you redeem through Chase Travel℠.

Learn More  –> 

The Chase Sapphire Reserve® is a premium travel card that’s accessible to most travelers as it has a number of valuable and easy-to-use benefits. Its annual fee of $550, though still high, is quickly offset thanks to its $300 travel credit, large welcome bonus, strong spending categories, and premium perks like airport lounge access. It’s also great for those who don’t want to deal with transferring their points, as you’ll get big value when redeeming through Chase’s travel portal.

• Get 50% more value when you redeem your points for travel through Chase Travel℠. For example, 60,000 points are worth $900 toward travel—which is more than the annual fee.
• The $300 travel credit covers anything travel related, whether thats an Airbnb, a taxi, a flight, or hotel, making it almost impossible not to lessen the dent the fee made.
• The points are worth 1.5 cents a piece when used directly on Chase’s Ultimate Rewards Portal, offering a simple but high value use for your points.
• Plenty of excellent transfer partners allow points to be maximized
• Some excellent partnerships with Doordash and Lyft add to its value.
• Priority Pass membership allows access to over 1,300+ airport lounges and restaurants.
• No complimentary elite hotel status, like that offered by the Amex Platinum.
• You won’t earn points on travel purchases until the $300 credit is used.
• It’s subject to Chase’s 5/24 rule. So if you’ve opened five cards in the last two years, you’re most likely not going to be accepted.

Annual Fee: $550   |  Terms Apply   |   Rates & Fees

The Platinum Card® from American Express

This luxury travel credit card offers a hefty welcome bonus, and an annual fee that more than pays for itself thanks to its plentiful perks. The card includes trip cancellation and interruption insurance, as well as travel accident insurance, with generous coverage limits.

80,000 Membership Rewards® Points

after you spend $8,000 on purchases in your first 6 months of card membership

The Amex Platinum was once the sole dominating force in the luxury credit card space. While it now faces some stiff competition, it still offers unbeatable perks like unprecedented airport lounge access, elite status at Hilton and Marriott, and some outstanding statement credits making the mammoth $695 worth it for some.

  PROS

• The Amex Platinum’s typical intro bonus of 80,000 points is massive in itself. It’s worth $800 when spent directly through Amex’s travel portal on flights and hotels, which is already stellar. But when transferred to a partner, it’s very possible to squeeze over $1,600 or more in value. 
• The Platinum has a slew of top-tier benefits, like Priority Pass, which gives the cardholder access to thousands of airport lounges and restaurants around the world, as well as Amex’s own Centurion lounges which are known for the high-quality (and free) food and cocktails. Other perks include up to $200 in Uber credits (to receive this benefit, you must have downloaded the latest version of the Uber App and your eligible American Express card must be a method of payment in your Uber account, and this Amex Benefit may only be used in the United States), up to $200 in airline fee credits (given in statement credits), up to $240 in digital streaming credits, up to $200 towards hotel bookings (given in statement credits) with Amex’s Fine Hotels and Resorts (2 night minimum stay required), and more. Enrollment is required for select benefits.
• A number of statement credits spanning multiple industries can build even more value into the card, including free stays when applied strategically.
• The Amex concierge is an underutilized benefit that can transform a trip by helping book hard-to-find dinner reservations or show tickets.

  CONS

• The $695 annual fee is brutally high. Too high for many that can’t, or don’t want to take full advantage of its benefits.
• Points-earning rates are low unless spending directly on flights or with the Amex Portal.
• Some of the benefits, like travel credits, are more limited and are harder to use than competing cards’ offerings. 

Annual Fee: $695  |   Terms Apply  |   Rates & Fees

For just a $95 annual fee, the Capital One Venture Rewards Credit Card gives you one of the loudest bangs for your buck. It also provides travel accident insurance and lost luggage reimbursement, among other benefits.

Capital One Venture Rewards Credit Card​

Earn up to $1,000 in travel bonuses

Enjoy $250 to use on Capital One Travel in your first cardholder year, plus earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening— that’s equal to $1,000 in travel

The Capital One Venture is an excellent go-to card for any traveler, thanks to its easy to navigate 2 miles per dollar on every purchase. With no bonus categories to consider, a reasonable $95 annual fee, and a strong intro offer worth at least $1,000 in travel rewards, Alec Baldwin might be onto something. 

• The Capital One Venture’s current intro bonus is worth $1,000 when spent on Capital One’s (recently revamped) travel portal or you can use your miles to cover your recent purchases. The bonus rises to well over $1,000 when transferred to an airline or hotel partner.
• A steady 2 miles per dollar on all purchases makes earning simple and lucrative. You’ll also grab 5 miles per dollar when booking through Capital One’s travel portal.
• Its $95 annual fee is almost negligible, especially if the intro bonus is achieved.
• Flexible miles allow for a wide array of redemption options.
• You can enjoy two free visits to a Capital One Lounge each year.
• You’ll get up to a $100 credit for a Global Entry or TSA PreCheck® membership, which can help make airport security a breeze.
• Capital One lacks US-based airline and hotel transfer partners.
• Not many major perks beyond its miles value.

Annual Fee: $95   |  Terms Apply  |   Rates & Fees

Airbnb travel insurance is a crucial consideration for travelers looking to protect their trips from unexpected disruptions. Whether facing trip cancellations, medical emergencies, or other unforeseen events, the right insurance policy can safeguard your travel investments and offer peace of mind. While third-party providers like Squaremouth provide a broad range of options to cover Airbnb stays, don’t overlook the benefits that may already be available through your credit card.

Many credit cards offer travel insurance benefits, including trip cancellation and interruption coverage, which can be applicable to Airbnb bookings. However, it’s important to understand the specifics of these benefits, as coverage limits, eligibility requirements, and covered reasons for cancellation can vary significantly.

Ultimately, whether you opt for a standalone travel insurance policy or utilize the benefits from your credit card, the key is to ensure that you have comprehensive coverage tailored to your specific travel needs. By carefully reviewing your options and understanding the coverage you choose, you can enjoy your Airbnb experience with greater confidence and security.

Read also: The Best Credit Cards for Travel Insurance Benefits

Editorial Disclaimer: Opinions expressed here are the author’s alone. This post contains references to products from one or more of our partners and we may receive compensation when you click on links to those products.

Our Top Travel Card Picks​

Chase Ink Business Preferred® Credit Card

90,000 bonus points

after you spend $8,000 on purchases in the first 3 months

LEARN MORE –>

after you spend $8,000 in the first 6 months

Capital One Venture Rewards Credit Card

$1,000 in travel bonuses

Earn $250 to use on Capital One Travel in your first year, plus 75,000 bonus miles after you spend $4,000 in the first 3 months 

Chase Sapphire Preferred® Card

60,000 Bonus Miles

after you spend $4,000 in the first 3 months

Explore Top Travel Cards

Stay in the know

Get expert insight into credit cards, loyalty programs, financial tips, and more with the Smart Points Newsletter.

Related Stories

US Passport Applications Backlogged Again, Next Available Option: 2024

Join Christina Aguilera for a Glamorous Sin City Getaway

25+ great gifts for beach bums and sun seekers

• Smart Points
• Advertising Policy
• Privacy Policy
• Terms Of Use

Work With Us

• Advertise With Us

Built with by your friends at The Daily Navigator

Stay in the know with Smart Points Newsletter

Get expert insight into travel credit cards, loyalty programs, points tips, and more. Recent edition →

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. The relationship may impact how an offer is being presented. Our site doesn’t include all the offers available. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page .

Special Discounts for Our Members

Save big with perks.

Get $5,000+ in immediate travel savings with Perks. Unlock next level travel benefits, for life. Get discounts from the world’s best travel brands you won’t find anywhere else. No credit required.

Special Discount for Our Members

93% off lifetime access.

Save $1,200 and 10 hours of your time on every vacation. With Lifetime access to DFC Concierge, get fully customized trip itineraries to make every vacation unforgettable.

50% Off PREMIUM

You can save up to $500 on your next adventure without lifting a finger get email alerts when we find flights up to 90% off leaving your home airport. Just let us know your departure airport and we’ll do the rest.

The Navigator Commitment

The Daily Navigator is the cornerstone of the  DFC  Media family. Through each of our brands, we’re dedicated to helping our readers travel, spend, and live smarter.

With products dedicated to affordable travel, daily news, hospitality, and personal finance, we deliver the day’s essential content with none of the filler — all in a way that’s fast, easy, and fun to read. Every morning, over 2 Million travelers trust DFC to deliver the latest news and information so that they can make informed decisions faster. We hope you’ll join them.

We’re happy to have you here!

Home » Booking » Is Airbnb Travel Insurance Worth It?

Is Airbnb Travel Insurance Worth It?

Quick Navigation

What is Airbnb Travel Insurance?

Guest refund policy, host return policy, comparison with other travel insurance options, airbnb host protection insurance, how to purchase airbnb travel insurance, tips for choosing the right coverage, frequently asked questions.

Airbnb has become a popular accommodation option for many travelers. The platform offers a unique opportunity to stay in local homes, apartments, or other types of properties.

One of the many features that Airbnb offers is travel insurance . The insurance policy provided by Airbnb covers trip cancellations, interruptions, and damages that might occur during your stay.

But is it worth it? In this article, we will explore all that you need to know about Airbnb travel insurance to help you determine whether it is worth the investment.

It is a type of insurance policy that provides coverage for unexpected events that might occur before, during, or after your trip.

This policy is designed to help protect travelers against financial loss due to unforeseen events such as trip cancellations, delays, or interruptions.

Different insurance companies provide Airbnb travel insurance, and the coverage and terms vary depending on the provider.

Two types of insurance policies are available to guests: the Guest Refund Policy and the Host Protection Insurance policy.

The Guest Refund Policy protects guests against certain unforeseen circumstances, such as the property being significantly different from what was advertised, last-minute cancellations by the host, and the property is unavailable.

If any of these circumstances occur, the guest can receive a refund of their reservation fees.

Host Protection Insurance is a policy that Airbnb offers to hosts . This policy provides protection against property damage and liability claims that might occur during a guest’s stay.

This insurance policy is free for all Airbnb hosts and covers up to $1 million in damages or liability claims.

Pros and Cons of Airbnb Insurance

Like any insurance policy, Airbnb insurance has its pros and cons. Before purchasing the policy, it’s essential to weigh these factors in determining whether it’s worth the investment.

• One of the primary advantages is that it provides peace of mind. Traveling can be stressful; unexpected events such as flight cancellations, illnesses, or natural disasters can disrupt your travel plans. With the insurance provided by Airbnb , you can be confident that you’re covered in case of any unforeseen events.
• Airbnb travel insurance covers trip cancellations and interruptions due to unforeseen circumstances such as sudden illness, injury, or natural disasters. This coverage can help you recoup any non-refundable fees and expenses associated with your trip.
• It also covers damages and losses that might occur during your stay. This includes damages to the property, theft of personal belongings, and injuries that might occur during your stay.
• One of the main disadvantages of Airbnb travel insurance is that the coverage is limited. The policy only covers specific events, and the coverage limits might not be enough to cover all your expenses in case of a significant event.
• Insurance by Airbnb is an additional cost that you’ll have to factor into your travel budget. The cost of the policy can vary depending on the provider and the coverage you select.
• Airbnb only covers up to a certain number of damages, losses, and cancellations. If the expenses exceed the coverage limit, you’ll have to cover the remaining costs out of pocket.

When considering Airbnb insurance for traveling, it’s essential to compare it with other options to determine which policy best suits your needs.

Traditional insurance policies provide broader coverage than Airbnb.

These policies cover a wide range of events, including trip cancellations and interruptions, medical emergencies, and lost or stolen baggage.

However, traditional insurance policies can be more expensive than Airbnb travel insurance.

Some credit cards also offer travel insurance benefits as a perk.

However, these policies might not provide the same level of coverage as traditional policies, and the coverage limits might be lower than what Airbnb has to offer.

In addition to the guest refund policy, Airbnb also provides Host Protection Insurance for hosts.

This policy provides protection against property damage and liability claims that might occur during a guest’s stay. The policy covers up to $1 million in damages or liability claims.

Host Protection Insurance is free for all Airbnb hosts and protects against a wide range of events, including theft, vandalism, and accidents.

This policy can provide hosts with peace of mind knowing they’re protected in case of any unforeseen events that might occur during a guest’s stay.

To purchase Airbnb travel insurance, follow these steps:

• Log in to your Airbnb account and search for the property you’d like to book .
• You’ll see an option to add travel insurance on the booking page. Click on the “Add” button to view the available policies.
• Choose the policy best suits your needs and review the coverage and terms.
• Complete the booking process, and the travel insurance policy will be added to your reservation.

When choosing Airbnb travel insurance, it’s essential to consider the following factors:

• Coverage limits: Ensure that the coverage limits are sufficient to cover your expenses in case of a significant event.
• Types of coverage: Review the available coverage types and ensure they align with your needs.
• Provider: Choose a reputable insurance provider with excellent customer service and a reliable claims process.
• Cost: Consider the cost of the policy and ensure that it fits within your travel budget.

1. Is Airbnb travel insurance mandatory?

It is not mandatory, but protecting yourself against unforeseen events is recommended.

2. Does Airbnb insurance cover flight cancellations?

No, it only covers trip cancellations and interruptions due to unforeseen circumstances such as illness, injury, or natural disasters.

3. How much does Airbnb travel insurance cost?

Its cost varies depending on the provider and the coverage you select. The cost can range from a few dollars to several hundred dollars.

4. Can I cancel my Airbnb insurance policy?

Yes, you can cancel your insurance policy, but you must do so before your trip starts.

Airbnb insurance can provide peace of mind for travelers and hosts alike. The policy covers unexpected events such as trip cancellations, interruptions, and damages that might occur during your stay.

While the coverage limits and costs might be a concern, it can be a valuable investment for those who want to protect themselves against unforeseen events.

When considering insurance by Airbnb, it’s essential to review the available coverage types, the coverage limits, and the cost to determine whether it’s worth the investment for your specific travel needs.

Related Posts:

Airbnb Travel Insurance for Guests: Cost, details, limitations, differences with Aircover

Thibault Masson

Updated on: July 21, 2022

Airbnb is rolling out its guest travel insurance in the US, the UK, and 8 countries of the European Union . The company had been working on it for at least two years. Unlike its Aircover for guests program, which is free, this travel insurance is a paid product . Travelers can purchase it while completing their booking. Big insurance company names are behind the insurance program (e.g. Europ Assistance, Generali, AON). Let’s discover what Airbnb’s travel insurance exactly covers, when it can be used, and wha t impact it can have on existing host cancelation policies . We’ll also see why it is difficult to roll out a travel insurance offering globally.  

Airbnb is not the first vacation rental listing platform to be offering travel insurance to its guests. Vrbo has been selling travel insurance products in the US created by Generali (formerly CSA Travel Protection) for years. At a time when online travel agents like Hopper are promising incremental revenues from FinTech products to their investors, it is also good for Airbnb to announce a way to make money on insurance products, after giving away host insurance liability for free, for instance.

Where is Airbnb’s travel insurance available?

Airbnb is launching its guest travel insurance in the following countries:

• the Netherlands,
• Austria, 

Airbnb is planning on making its travel insurance available to guests in other countries in the future. Our guess is that Airbnb will then go after other markets in the European Union, such as France, as it already has set some insurance operations within the EU. Then, other countries with similar insurance industry setups such as Australia come could.

Rolling out insurance is really a matter of going at it country by country and even state by state in the US. Insurance regulations are very strong and differ from one country to another in the EU and one state to another in the US.  

For countries in South America, parts of Asia, and Africa, things will probably take more time.

What does the Airbnb travel insurance cover and when can a guest make a claim? Disover this trip cancellation insurance which does not infringe existing host cancellation policies.

What the airbnb travel covers, for instance, in the us:.

In the US, the Airbnb travel insurance is powered by the Generali insurance company. The plan includes:

• Trip cancellation:  Get reimbursed for up to 100% of your non-refunded Airbnb reservation cost if you cancel for a covered reason, such as: iIllness or injury, flight cancellations and delays due to weather, or mandatory evacuations due to weather.
• Travel delay:  Get reimbursed for certain additional expenses you incur because your trip is delayed for 12 hours or more for a covered reason, such as: flight delays, passport theft, or adverse weather.
• Medical:  Get reimbursed for doctor-ordered medical services during your trip, such as: hospital services, ambulance services, and prescription medicines.
• Baggage:  Get reimbursed for lost, stolen, or damaged baggage, lost, stolen, or damaged travel documents, and unauthorized use of credit cards during your trip.

The plan also comes with other coverages and perks, like 24/7 emergency and travel assistance services. With just a phone call, you can get help with anything from a medical referral to a restaurant recommendation.

What does the Airbnb travel insurance mean for a host?

Airbnb’s travel insurance for guests promises a payment for up to 100% of their non-refunded Airbnb reservation costs if their trip is impacted by specific events, such as

• bad weather,
• stolen travel documents,
• or serious illness.

Airbnb’s travel insurance is more like a trip cancellation insurance that works under certain conditions than a cancel-for-any reason insurance product.

Basically, if a traveler has to cancel their trip:

• The existing host cancellation policy will apply.
• Let’s take the example of a booking made under the Airbnb Strict cancellation policy . It allows guests to receive a full refund if they cancel within 48 hours of booking and at least 14 days before a listing’s check-in time. In the event of a cancellation within 48 hours, the guest is only entitled to a 50% refund, regardless of how far out the check-in date is. S o, the host only pays back 50% of the Airbnb reservation cost.
• Now, if specific events listed and covered by the Airbnb travel insurance occur, then travel insurance can refund up to the remaining 50% .
• Note that, unlike with Aircover, the insurance provider will not seek to recover any money from the Host if a guest files a travel insurance claim

What exactly is the “Airbnb booking cost” that is covered?

To our understanding, the Airbnb booking cost is what the guest pays to the host. It may or may not include Airbnb’s service fee. Depending on the existing host cancellation policy, the travel insurance will pay the guest the part of the booking cost that the host got to keep as per the cancellation policy.

For example, if the Host refunds 50% of the Airbnb reservation cost based on their cancellation policy, travel insurance can refund up to the remaining 50% if the guest cancels for a covered reason.

How about COVID-19?

At Airbnb, for any booking made on or after May 31, 2022, being sick with COVID-19 will no longer be considered an extenuating circumstance. This is also the case on most online travel platforms such as Booking.com and Vrbo?

According to Airbnb, its guest travel insurance “could” cover costs related to COVID as it can cover “serious illness”: “If a guest purchases travel insurance, they could be covered should they become sick with COVID-19 (as diagnosed by a licensed doctor) and other policy terms are met. So, it may depend on where the guest booking is from, among other things.

If they are worried about having to cancel a trip due to COVID-related reasons,  Airbnb recommends travelers buy travel insurance. So, it would make sense that Airbnb started selling such an insurance product to its guests.

How can you buy guest travel insurance on Airbnb?

Guests get the option to purchase travel insurance during the booking process. The Airbnb guest travel insurance cannot be bought separately or after the booking has been made.

• During booking, guests are given the option to add travel insurance.
• Dedicated screens provide details about what the policy covers and key exclusions.
• If they’re interested, guests simply add travel insurance to their booking and check out.
• The guest’s travel insurance premium is a percentage of their total trip cost and will appear as a line item at checkout. 
• After completing their reservation, guests who added travel insurance will receive an email confirmation with their policy’s details and information about how to file a claim

Is it free or paid?

The Airbnb travel insurance is not free, can be purchased at booking time and covers up to 100% of Airbnb booking cost 

How much does the Airbnb guest travel insurance cost?

The cost of Airbnb’s travel insurance is not a fixed cost. It varies according to the total trip cost (as well as the location of the guest making the booking). The guest’s travel insurance premium is a percentage of their total trip cost and will appear as a line item at checkout. 

What are the differences between Aircover for guests (free) vs Airbnb travel insurance (paid)?

So here are the main differences with Aircover for guests:

• Aircover for guests is free, while Airbnb’s travel insurance is a paid product.
• Aircover relies on a set of processes that force hosts to pay back guests in case of major issues (e.g. impossible to check-in, a major listing feature missing such as air conditioning)
• Airbnb’s travel insurance is underwritten by large insurance companies such as Generali.
• Aircover for guests is triggered when things do not go well due to issues on the host side, while the guest travel insurance covers trip cancellations due to bad weather or the guest falling sick.
• While Aircover for guests often gets down to hosts refunding money to guests, Airbnb’s travel insurance is money paid by the insurance company to the guests (no money is retrieved from the host on top of the existing host cancellation policy).

Aircover for guests is a set of protections that rely on hosts refunding money. It is no insurance, unlike the guest travel insurance product being introduced 

Du ring its Summer 2022 Release event , Airbnb announced a program called “Aircover” which offers new booking protections for guests, for free. These are protections, not insurance. Basically, they rely on Airbnb’s ability to get money back from the host to the guest in case of a substantial breach in what the guest was expecting (e.g. Air conditioning or a swimming pool were listed by the host but they are not actually available at the property).

The protections offered to guests through Airbnb’s Aircover are presented as unique and ground-breaking. Yet, they look like a nice repackaging of existing services that companies such as Booking.com have been offering for years (e.g., helping find a place for the guest should the host cancel). Now, better packaging protections, giving them a name (Aircover), and merchandising them well on the website (Aircover is mentioned high on every listing page) make up good product marketing work. If competitors have been doing the same but have done a bad job at saying so, travelers will indeed have the impression that what Airbnb is offering for free is new and superior in terms of booking protections.

On the guest side, Aircover is no insurance product. It is more the sum of a series of policies and procedures imposed on the host, especially the recently updated and much-contested rebooking and refunding policy.

Aircover is about guaranteeing that Airbnb will either find a new place or refund the guest (e.g., Check-In Guarantee: If a guest can’t check in to a place and the host isn’t able to resolve the issue, Airbnb will find the guest a similar or better home for the length of their original stay at Airbnb’s expense, or we’ll refund them.

To deliver on its promises to guests, Airbnb needed to set the equivalent expectations upon hosts . This is why the company had previously informed its hosts that it was updating its Rebooking and Refund Policy . For instance, it has made it plain and clear to hosts that they may have to refund guests should the host cancel a booking or the guest find that something crucial promised in the listing was actually missing from the property. You will notice that this is the exact mirror of the protections offered to guests, and it makes sense: The money refunded to guests through Aircover actually comes from hosts having to refund them according to the updated rebooking and refund policy. 

Why did Airbnb make its travel insurance a paid product, while Aircover for guests and Aircover for hosts are free?

If Airbnb were to offer free travel insurance, it would also have to pay an insurance premium to a professional insurer . Given the volume of Airbnb bookings, it would represent a lot of money and would dent Airbnb’s profitability.

First, Airbnb would not need to cover all its guests, as some already have their travel insurance. Also, unless a reservation is non-refundable, a guest may have a chance to get their money back by canceling their booking or asking their host for some flexibility. Hosts may not like to hear it, but, in a way, flexible cancellation policies are a form of travel insurance for guests.

Second, Airbnb seems to see travel insurance as a money-maker. After all, Vrbo has been flogging insurance products to guests and owners for years, probably making a lot of money from its insurance provider Generali.

• In August 2021, during a quarterly earnings call, a financial analyst asked Airbnb leaders whether the take rate, currently at 15% on average, would increase in the future. The answers were quite interesting.
• First, Airbnb mentioned, “opportunities (such as) guest travel insurance”. So, the take rate could increase from commissions on travel insurance that Airbnb would sell to guests.

Another reason why it could be a paid product for guests is Hopper’s success at selling its “cancel any time” and “price freeze” guarantees. It shows that consumers are ok to pay for an added service. Airbnb’s shareholders may be happy to hear that the company is trying to increase its margins, as Hopper is doing. With the launch of Hopper Homes, the competition between the two companies is increasing.

What’s the impact of Airbnb’s travel insurance on existing host cancellation policies?

There is no impact on a host’s cancellation polic y. If a guest cancels, they forfeit whatever money was due under the cancellation policy they had signed up for. The host gets to keep the deposit.

What the travel insurance brings about is that the guest can ask the insurance company to refund the money that the host has kept for themselves (as per the existing cancellation policy).

So, Airbnb has found a way to enforce host policies, while allowing guests to lower their risk through travel insurance. According to the company, if travelers who buy a policy cancel their booking for a covered reason, they’ll be able to file a claim to seek reimbursement for up to 100% of their non-refunded Airbnb booking cost. This may reduce the possibility of guests asking Hosts for a refund outside the terms of their Hosts’ cancellation policies.

The challenges of offering an insurance product on a global basis

When Airbnb first revealed that its $1,000,000 Host Guarantee had gone global ten years ago, the industry wondered how Airbnb had pulled it off. How can they have created and launched such an insurance product globally? The answer was that the company could, as this was no insurance. This was a guarantee, built on processes and tools such as the Resolution Center . In some iffy cases, Airbnb was probably also ready to spend some money of its own the solve the issue. So, no need to care about local insurance regulations across 130+ countries. No insurance, just a guarantee.

It is somewhat easier to roll out a liability insurance program for hosts ( as Booking.com just did ), as the risk is a bit more standard and as insurance companies have some existing products that can be used. This is why Aircover for Hosts has a real liability insurance product, while, on the damage protection side, Airbnb is still relying on the Resolution Center.

The Airbnb Guest Travel Insurance has been in the works for almost two years!

• On March 30, 2020, during an emergency live stream held with Airbnb hosts in the thick of the COVID crisis, B rian Chesky announced that the company was working on travel insurance ,
• In 2021, Airbnb discreetly launched its Travel Insurance page and started recommending guests purchased a travel insurance product at the end of its booking process. Airbnb here was merely redirecting travelers to third-party websites, such as the travel insurance aggregator InsureMyTrip in the US and insurance company Europ Assistance (part of the Generali Group) in Europe,
• In August 2021, during a quarterly earnings call, Airbnb mentioned working on opportunities such as  “guest travel insurance”,
• On January 2, Brian Chesky confirmed in a tweet that the company was working on guest travel insurance

Who are the insurance companies behind Airbnb’s travel insurance?

It is always hard to pull off global coverage, as insurance is really more like a series of national businesses due to local regulations . Airbnb had to create subsidiaries that deal with insurance on local or regional levels, such as Airbnb Insurance Agency LLC in the US and Airbnb UK Services Limited in the UK.

Two partners with Aon + Europ Assistance Group (and its U.S. subsidiary, Generali Global Assistance), to introduce travel insurance for guests. Both AO

• For guests in the U.S., the travel insurance plan is offered by Airbnb Insurance Agency LLC , which is licensed as an insurance agency in all states of the U.S. and the District of Columbia, and underwritten by Generali US Branch of New York, N.Y.
• For guests in the U.K., travel insurance is underwritten by Europ Assistanc e SA. Travel insurance is arranged by Airbnb UK Services Limited . Airbnb UK Services Limited is an appointed representative of Aon UK Limited
• For guests in the EU, travel insurance is underwritten by Europ Assistance S.A., acting through its Irish Branch

Airbnb has been working on its guest travel insurance product for over two years and announced that it will be launching the product in Spring 2022. The COVID-19 pandemic has forced Airbnb to expedite the launch of this product. The company is launching its travel insurance as a paid product in 10 countries. More countries, at least within the European Union, should soon be covered.

Airbnb stacks this paid product on top of its free Aircover booking guarantees. This way, it wants to show that it is already offering a great level of protection but that money can buy guests something extra. It certainly does not hurt that insurance products have comfortable margins and that it is also a good move for Airbnb’s bottom line.

most recent

Booking.com , Industry News

Booking.com reveals amenities guests will pay more for in 2024—here’s how to cash in.

Airbnb , Booking.com , Industry News , Vacation Rental Market , Vrbo

How us vacation rental managers could drive more direct bookings.

Airbnb , Industry News

Airbnb’s smart lock upgrade, revnest’s hungry robots acquisition, and trash caddies’ takeover of ragin’ raccoon.

Conferences & Events , Industry News

How french property managers can earn recognition at france’s first vacation rental awards.

Airbnb , HomeToGo , Industry News

Guesty and villa tracker target luxury market, airbnb & aaa see labor day searches soar in football towns, hometogo’s revenue rise & getawaygogo partnership.

Vrbo , Advertising , Industry News , Marketing

Latest vrbo commercials focus on host-free stays and more—what’s new this time.

PH +1 000 000 0000

24 M Drive East Hampton, NY 11937

© 2024 INFO

Is Airbnb Travel Insurance Worth It? Exploring the Pros and Cons

Planning a vacation can be an exciting experience, but it’s essential to consider all aspects of your trip, including travel insurance. While Airbnb offers its own travel insurance policy, you might be wondering, “Is Airbnb travel insurance worth it?” In this article, we’ll take a closer look at Airbnb’s insurance coverage, exploring its benefits and drawbacks to help you make an informed decision about protecting your trip.

Understanding Airbnb Travel Insurance:

Airbnb offers a built-in Host Protection Insurance program that provides coverage for property damage and liability claims up to a certain limit. However, this insurance primarily protects the hosts rather than the guests. To address this, Airbnb introduced a separate Guest Refund Policy and Host Guarantee to protect travelers from unexpected circumstances.

Pros of Airbnb Travel Insurance:

• Convenient and Affordable: One of the biggest advantages of Airbnb travel insurance is its convenience. By opting for Airbnb’s insurance, you can easily add coverage to your booking with just a few clicks. Additionally, the cost is often included in the overall price, making it a hassle-free choice.
• Comprehensive Coverage: Airbnb’s insurance coverage offers protection against trip cancellations, interruptions, and delays caused by specific unforeseen circumstances, such as illness, accidents, or natural disasters. This can provide peace of mind, knowing that you have financial protection in case of unexpected events.
• Worldwide Coverage: Whether you’re traveling domestically or internationally, Airbnb’s insurance coverage applies globally. This means you can feel secure no matter where your adventures take you.
• Host Protection Insurance: As a guest, you benefit indirectly from Airbnb’s Host Protection Insurance. This coverage protects you in case of accidental property damage or personal injury claims made by the host. Knowing that you have some form of protection can make your stay more relaxed and worry-free.

Cons of Airbnb Travel Insurance:

• Limited Coverage: While Airbnb’s insurance coverage is comprehensive in certain areas, it does come with limitations. It’s crucial to carefully read the policy to understand the specific circumstances under which you’re covered and the applicable deductibles or limits.
• Exclusions and Pre-Existing Conditions: Like any insurance policy, Airbnb’s coverage comes with certain exclusions and limitations. Pre-existing medical conditions, war-related incidents, and high-risk activities may not be covered. Make sure to review the policy details to understand what is and isn’t included.
• Overlapping Coverage: Before purchasing Airbnb’s insurance, consider any existing travel insurance policies you might already have. If you already have coverage through another provider, it’s important to compare the benefits and coverage limits to avoid unnecessary duplication.
• Claims Process: Some travelers have reported challenges when it comes to the claims process with Airbnb’s insurance. It’s essential to familiarize yourself with the steps involved and the required documentation to ensure a smooth claims experience, should the need arise.

Making an Informed Decision:

Deciding whether Airbnb travel insurance is worth it ultimately depends on your personal circumstances, risk tolerance, and travel plans. If you value convenience, affordable coverage, and the peace of mind that comes with protection against unforeseen events, Airbnb’s insurance might be a suitable option. However, if you already have robust travel insurance or are traveling to high-risk destinations, you might want to explore other insurance options to ensure comprehensive coverage.

While Airbnb travel insurance offers convenient and affordable coverage for travelers, it’s essential to weigh the pros and cons before making a decision. Consider your specific travel needs, compare the coverage and limitations, and evaluate any existing insurance policies you may have. By taking these factors into account, you can make an informed decision that best suits your travel requirements and provides the necessary protection for a worry-free trip.

Similar Posts

I regret quitting my job to travel: lessons learned from an adventurous misstep.

Have you ever been plagued by the haunting question, “What if?” Regret can be a powerful emotion, especially when…

How to Travel with Golf Clubs without a Travel Bag: Hassle-Free Tips

Are you an avid golfer with an adventurous spirit? Do you find yourself itching to hit the greens even…

Travel with PS5: The Ultimate Guide for Gamers on the Go

Are you a passionate gamer who loves exploring new horizons while conquering virtual worlds? If so, you might have…

Travel Nurse vs CRNA: Unveiling the Key Differences in Two Exciting Healthcare Paths

Are you passionate about healthcare and seeking an adventurous career that allows you to make a positive impact? Look…

Travel To Canada: How Much Does it Cost?

Canada is one of the most popular destinations for international travelers. It has a very diverse landscape, from the…

Where to Find a Traveler’s Sword

Calling all adventurers and wanderers! Are you on a quest for a legendary weapon that can accompany you on…

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

• Credit cards
• View all credit cards
• Banking guide
• Loans guide
• Insurance guide
• Personal finance
• View all personal finance
• Small business
• Small business guide
• View all taxes

Is Travel Insurance Worth It in July 2024?

Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money .

Table of Contents

What does travel insurance cover?

What does travel insurance not cover, when is travel insurance not necessary, when is trip insurance worth it, where to buy travel insurance, how much does travel insurance cost, should you rely on credit card travel insurance instead, so, is travel insurance worth it.

Travel can be expensive. Insurance protects your nonrefundable vacation investment if the unexpected occurs. But is travel insurance worth it?

The answer will depend on whether your trip is refundable, where you're going, whether you'll have health coverage at your destination and how much coverage you already get from your credit card. Here are some key topics to understand when deciding if travel insurance is right for you.

Travel insurance (or trip insurance) covers a number of travel-related risks, from flight cancellations to lost bags to medical emergencies.

Accidental death insurance .

Baggage delay and lost luggage insurance .

Cancel for Any Reason insurance .

Emergency evacuation insurance .

Medical insurance .

Rental car insurance .

Trip cancellation insurance .

Trip delay insurance .

Trip interruption insurance .

The dollar amount of your coverage depends on the policy you bought and where and when you bought it. Most travel insurance providers offer several different policies to choose from, with higher or lower levels of coverage and higher or lower prices to match.

» Learn more: What to know before buying travel insurance

You can buy policies that cover a single trip, multiple trips or a full year. You can buy an individual policy or one that covers your entire family. There are many companies that offer policies, with Allianz and Travel Guard among the best-known. Here is a chart showing the benefits and coverage levels available on some Allianz policies.

NerdWallet recently analyzed various travel insurance policies to help you choose the plan that best aligns with your travel goals. Check out our results here: Best Travel Insurance Companies Right Now .

» Learn more: Does travel insurance cover medical expenses?

Incidents not covered by your travel insurance vary by policy and provider.

Pre-existing medical conditions are often excluded from coverage, meaning your benefits don't apply to claims related to that condition. Some policies cover pre-existing medical conditions if you meet certain criteria, for example if you purchased the policy within 14 days of paying for your trip and if you were well enough to travel when you booked your trip.

» Learn more: The best travel credit cards might surprise you

Plan on mountain-climbing or engaging in other dangerous activities on your trip? Many policies won't cover you if something goes wrong unless you buy a policy that specifically includes adventure sports. World Nomads travel insurance , for example, offers the Explorer plan, which includes coverage for cave diving, cliff jumping, heli-skiing and many other activities that are considered risky.

Other incidents excluded from a trip insurance policy may involve war, acts of terrorism and the use of alcohol, which can cause your injuries to be designated as "self-inflicted," or the use of drugs, which may be illegal.

If you want full flexibility to cancel your trip you'll need to find a policy that allows you to purchase a Cancel For Any Reason (CFAR) add-on. This additional benefit does exactly what the name implies and allows you to cancel your trip for any reason. Typically, you'll get around 75% of your prepaid nonrefundable trip expenses back, although exact timing and percentages vary by policy.

» Learn more: Cancel For Any Reason (CFAR) travel insurance explained

Travel insurance primarily covers two aspects of your trip — your nonrefundable reservations and your medical expenses while traveling.

If all of your reservations can be canceled without penalty, then trip cancellation or trip interruption coverage isn't necessary. But even if your trip isn't 100% refundable, insurance may not be necessary. For example, a cheap flight and hotel stay may not be worth covering, though you may still want to purchase travel insurance for medical situations.

Medical coverage typically is not necessary if you have a U.S.-based health insurance policy and you're traveling within the U.S. In those cases, you probably already have adequate coverage for illness or injury.

There are a few reasons that travel insurance can be worthwhile: to protect your nonrefundable trip costs, your luggage or your health.

When should you get trip cancellation and/or trip interruption insurance?

If you would lose the money you paid for your flights, accommodations, rental car, or activities if you had to cancel or go home early, travel insurance that specifically includes trip cancellation and trip interruption is probably a good idea. If your trip is canceled or interrupted for a covered reason, this protection will cover your reservations.

For example, if you're planning to travel to a destination that could have weather-related issues, like hurricanes in the Caribbean, travel insurance may protect your noncancelable reservations. Some policies also provide emergency evacuation to escape dangerous situations. However, if you try to purchase travel insurance after the storm poses a risk, the insurance probably will not protect you.

When should you get baggage delay and/or lost luggage coverage?

Imagine if you go on a one week trip and your checked baggage is lost or delayed. While you’re waiting to get your luggage, baggage delay insurance will reimburse you for any essentials (i.e. toiletries, medicine, socks, clothing, etc.) that you may need to purchase because you don’t have your own things.

But what if the worst case scenario happens and your bag is just lost or stolen? Lost luggage insurance will reimburse you for your misplaced bag, up to a specified dollar amount.

If you’re only traveling with a carry-on, you don’t need these two types of coverage.

When should you purchase travel medical insurance?

U.S.-based health insurance policies generally offer coverage anywhere within the U.S. But if you get sick or hurt when you travel internationally, some policies like Medicare may not cover you.

Even if your health insurance covers you outside the country, doctors at your destination may not accept it. Without travel insurance, you could be stuck paying for these bills out of pocket, then seeking reimbursement from your healthcare provider.

When should you purchase CFAR?

Most travel insurance policies won’t help you get your expenses if you cancel for a “non-covered” reason, like when your plans change or you simply don’t want to go anymore. That’s when it might be good to purchase CFAR.

If you’ve booked a trip but think that you may need to cancel for a reason that’s not covered by trip cancellation, the CFAR add-on will allow you to get up to 50-75% of your nonrefundable trip costs back as long as you cancel at least 2 - 3 days before the trip starts. The add-on must also be purchased within a specific time of the initial trip deposit (usually 14 - 21 days).

What can be an example of a cancellation that’s reimbursable under CFAR? Let’s say you book a trip with your significant other but you break up a week before the trip and don’t want to go alone. Or you book a trip really far in advance but when the date nears, you realize that you don’t want to go anymore. CFAR will be helpful for you in these instances.

When should you purchase travel insurance even though you already have a credit card that provides it?

If you already have some travel insurance protections (e.g., trip cancellation, trip interruption, baggage delay) from your credit card, but you feel that the limits are insufficient, consider purchasing a comprehensive travel insurance plan or a standalone travel medical insurance policy to protect you in case of medical emergencies on your trip.

» Learn more: The majority of Americans plan to travel this year, according to recent NerdWallet study

If you booked your trip through a travel agent, you can likely purchase coverage through them. That includes online travel booking engines like Expedia. If you're taking a cruise , you're usually offered the chance to purchase coverage during the booking process. Similarly, airlines may offer you certain types of coverage when you book a flight through their website. If you have an award booking , you have travel insurance options too.

Another option: Purchase travel insurance directly through the website of a travel insurance company, like Allianz , AXA or Travel Guard .

» Learn more: Airline travel insurance versus independent travel insurance: Which is right for you?

The cost of travel insurance is based on the specifics of your trip. The best way to get a price is to request a quote through the websites of travel insurance providers. Or you can compare multiple insurers in one place with a consolidator like InsureMyTrip.com or SquareMouth .

Many travel credit cards provide certain types of coverage in case your flight is delayed or canceled, your rental car is damaged, or your luggage is lost or delayed.

Here are a few credit cards offering travel protections that could serve as an alternative to travel insurance. But even with these cards, the benefits have a lot of fine print.

on Chase's website

on American Express' website

• Trip delay: Up to $500 per ticket for delays more than 12 hours.

• Trip cancellation: Up to $10,000 per person and $20,000 per trip. Maximum benefit of $40,000 per 12-month period.

• Trip interruption: Up to $10,000 per person and $20,000 per trip. Maximum benefit of $40,000 per 12-month period.

• Baggage delay: Up to $100 per day for five days.

• Lost luggage: Up to $3,000 per passenger.

• Travel accident: Up to $500,000.

• Rental car insurance: Up to $75,000.

• Trip delay: Up to $500 per ticket for delays more than 6 hours.

• Travel accident: Up to $1 million.

• Rental car insurance: Up to the actual cash value of the car.

• Trip delay: Up to $500 per trip for delays more than 6 hours.

• Trip cancellation: Up to $10,000 per trip. Maximum benefit of $20,000 per 12-month period.

• Trip interruption: Up to $10,000 per trip. Maximum benefit of $20,000 per 12-month period.

Terms apply.

These are attractive benefits, but the coverage may not be as broad as you would get buying insurance. For example, AmEx cards only cover round-trip travel, so if you don’t have a return flight booked yet, you might want to consider additional coverage.

Secondly, only the Chase Sapphire Reserve® provides emergency medical and dental coverage. The other cards don’t.

Plus, these cards can come with steep annual fees that may be more than you would pay for a travel insurance policy. So don't sign up for a card just to cover one trip unless you've compared costs.

» Learn more: The best credit cards for travel insurance benefits

If you've paid a considerable sum for a nonrefundable vacation, travel insurance is likely a good idea. International travelers who need coverage in case they get sick or injured should also consider buying a policy. If troubles arise, you'll be glad that you're protected.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are some of the best travel credit cards of 2024 :

Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® Card

No annual fee: Wells Fargo Autograph℠ Card

Flat-rate travel rewards: Capital One Venture Rewards Credit Card

Bonus travel rewards and high-end perks: Chase Sapphire Reserve®

Luxury perks: The Platinum Card® from American Express

Business travelers: Ink Business Preferred® Credit Card

1x-10x Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases.

60,000 Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Travel℠.

1x-5x 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases.

60,000 Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Travel℠.

1x-2x Earn 2X points on Southwest® purchases. Earn 2X points on local transit and commuting, including rideshare. Earn 2X points on internet, cable, and phone services, and select streaming. Earn 1X points on all other purchases.

50,000 Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months from account opening.

Understanding travel insurance for Airbnb guests

Emergencies and unexpected trip interruptions happen. That’s why Airbnb offers travel or reservation insurance for guests. 

Guests who live in the UK and eight countries in Europe can insure their reservations against certain risks when booking a trip for an additional cost. When guests who buy a policy cancel for a covered reason, they’ll be able to submit an insurance claim to seek reimbursement for their unrefunded Airbnb booking cost.

This may reduce the possibility of guests asking Hosts for a refund outside the terms of their Hosts’ cancellation policies.

How guests buy insurance

Travel insurance is available to guests who live in the UK, Ireland, Austria, Germany, Italy, the Netherlands, Portugal and Spain. Guests in France can buy reservation insurance.

Guests in these and other eligible countries have the option to buy insurance on Airbnb before confirming and paying for a reservation. The guest’s insurance premium is a percentage of their total booking cost. Before purchasing, guests can review their policy’s details and its terms and conditions.

Guests who buy insurance receive an email confirmation with their policy’s details and information about how to submit a claim. Depending on the guest’s location, policies are issued by Europ Assistance’s UK or Irish branches. Europ Assistance is a subsidiary of the Generali Group, a leading multinational insurer.

What the insurance covers

Travel or reservation insurance helps to offer protection for guests, including payment for up to 100% of their non-refundable booking costs if their trip is affected by certain covered events, such as severe weather or serious illness.

For example, if a Host refunds 50% of a guest’s booking cost under the Host’s cancellation policy, travel insurance can refund up to the remaining 50% when the guest cancels for a covered reason. The insurance provider will not seek to recover any money from the Host to pay the guest’s claim.

Coverage and terms vary by location. You can find more details in the Help Centre:

• United Kingdom
• Other countries in Europe

Travel insurance is different from AirCover for guests , which is provided with every booking. AirCover offers guests protection for unexpected issues like listing inaccuracies or being unable to check in.

For UK residents: Travel insurance is underwritten by Europ Assistance S.A. UK Branch. Europ Assistance S.A. is supervised by the French Supervisory authority (ACPR), 4 place de Budapest, CS92459 – 75436 Paris Cedex 09, France. Europ Assistance S.A. UK Branch is authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available on request. Europ Assistance S.A. UK Branch FCA register number is 203084. Travel insurance is arranged by Airbnb UK Services Limited. Airbnb UK Services Limited is an appointed representative of Aon UK Limited, which is authorised and regulated by the Financial Conduct Authority. Aon UK Limited’s FCA register number is 310451. You can check this by visiting the Financial Services Register or calling 0800 111 6768. Travel Insurance is regulated by the Financial Conduct Authority; the remaining products and services are not regulated products arranged by Airbnb UK Services Limited. Full terms and conditions apply. FPAIR20243LC

For France residents: Reservation insurance is offered by Airbnb Ireland Insurance Services Limited and underwritten by Europ Assistance S.A. (EASA), acting through its Irish Branch, Europ Assistance S.A. Irish Branch (EAIB), whose principal place of business is Ground Floor, Block B, Riverside IV, SJRQ, Dublin 2, Ireland, DO2 RR77 and is registered with the Irish Companies Registration Office under number 907089. EASA is authorised by the French Supervisory authority (ACPR), 4 place de Budapest, CS92459 – 75436 Paris Cedex 09, France, and EAIB is regulated by the Central Bank of Ireland for conduct of business rules. Airbnb Ireland Insurance Services Limited is regulated by the Central Bank of Ireland. Terms and conditions apply.

For other EU residents: Travel insurance is underwritten by Europ Assistance S.A. (EASA), acting through its Irish Branch, Europ Assistance S.A. Irish Branch (EAIB), whose principal place of business is Ground Floor, Block B, Riverside IV, SJRQ, Dublin 2, Ireland, DO2 RR77 and is registered with the Irish Companies Registration Office under number 907089.  EASA is authorised by the French Supervisory authority, Autorité de Contrôle Prudentiel et de Résolution, 4 place de Budapest, CS92459 – 75436 Paris Cedex 09, France and EAIB is regulated by the Central Bank of Ireland for conduct of business rules. Travel insurance is offered by the insurance intermediary Aon Iberia Correduria de Seguros y Reaseguros S.A.U., assisted by Airbnb Marketing Services S.L.U. acting as an external collaborator. Aon’s registered office is located at C/ Velázquez, 86D, 28006-Madrid, Spain. Aon is registered at the Commercial Registry of Madrid on Sheet M-19857, Volume 1577, Page 122, tax identification number A-28109247, and it is registered on the Directorate-General of Insurance and Pension Funds’ Register of Insurance and Reinsurance Distributors under number J0107. Aon has the financial capacity and professional insurance, according to Royal Decree-law 3/2020, of 4 February 2020, on urgent measures transposing into Spanish law various European Union directives in the field of public procurement in certain sectors; private insurance; pension plans and funds; taxation and tax litigation. The insurance policy benefits and services are described on a general basis and are subject to certain conditions and exclusions.

Information contained in this article may have changed since publication.

You might also like

Explore more topics, get started hosting.

• What it's like to host
• Common questions
• Design inspiration
• Cleanliness
• Accessibility
• Sustainability
• Setup & amenities

Your listing

• Listing details & photos
• Calendar & booking settings
• Pricing strategies

Hospitality

• Delighting guests
• Communication & check-in
• Ratings & reviews
• Potential challenges

Grow your business

• Marketing & promotion

Explore more

• Host Advisory Board
• Experiences

Professional hosting

• Tools & features
• Success stories

Is Airbnb Travel Insurance Worth the Investment? Exploring the Pros and Cons

When planning a trip, whether for business or leisure, travel insurance is often a consideration. It provides a sense of security and peace of mind in case any unforeseen circumstances arise during your journey. One popular travel platform that offers its own insurance policy is Airbnb. In this article, we will explore whether Airbnb travel insurance is worth it and how it compares to other options.

What is Airbnb Travel Insurance?

Airbnb offers a program called “Host Protection Insurance” that covers hosts for liability claims up to $1 million USD. This insurance is designed to protect hosts against third-party claims for property damage or bodily injury that may occur during a stay. However, this coverage is specific to hosts and does not extend to guests.

Is Airbnb Travel Insurance Sufficient for Guests?

If you are a guest staying at an Airbnb property, the Host Protection Insurance may not provide sufficient coverage for your needs. While it protects hosts, guests may need their own insurance to safeguard against cancellation fees, lost baggage, medical emergencies, or trip interruptions. Therefore, it is important for guests to consider purchasing additional travel insurance.

What are the Benefits of Airbnb Travel Insurance?

Airbnb does offer a separate travel insurance policy called “Airbnb’s Guest Refund Policy.” This policy provides coverage for certain situations such as property misrepresentation, host cancellations, and travel disruptions caused by extenuating circumstances. Guests can file claims through this policy to receive refunds for their bookings.

However, it is important to note that Airbnb’s Guest Refund Policy is not a comprehensive travel insurance policy and may have limitations and exclusions.

Comparing Airbnb Travel Insurance to Other Options

When evaluating the worthiness of Airbnb travel insurance, it is essential to consider its coverage limitations and compare it to other available options. Traditional travel insurance providers offer more comprehensive coverage that includes benefits such as trip cancellation, emergency medical expenses, baggage loss, and personal liability. These policies can be tailored to meet individual needs and provide a higher level of protection.

For guests seeking extensive coverage, especially for expensive trips or longer stays, opting for a standalone travel insurance policy might be a more prudent choice.

While Airbnb’s Host Protection Insurance offers liability coverage for hosts, it does not provide the same level of protection for guests. Airbnb’s Guest Refund Policy can offer some reimbursement in specific situations, but it is not a substitute for comprehensive travel insurance. Guests should carefully evaluate their needs and consider purchasing additional travel insurance to ensure they are adequately covered.

In conclusion, when considering whether Airbnb travel insurance is worth it, guests should weigh the limitations of the coverage provided by Airbnb against their individual requirements, considering factors such as trip length, destination, and value of possessions. Exploring standalone travel insurance policies from reputable providers may offer more comprehensive protection and give peace of mind during your journey.

Is Airbnb Travel Insurance Worth the Investment? Expert Insights from a Financial Blog.

Airbnb Travel Insurance is worth considering as an investment for travelers seeking financial protection. As a financial blog , we provide expert insights on various topics, including insurance. Travel finance is an important aspect when planning trips, and having the right insurance coverage can save individuals from unexpected expenses.

Airbnb offers two types of insurance options for guests and hosts: Host Protection Insurance and Host Guarantee. Host Protection Insurance provides primary liability coverage for hosts in case of third-party claims for bodily injury or property damage. On the other hand, Host Guarantee provides coverage for damages to the host’s property caused by guests.

While Airbnb’s insurance options provide some level of protection, it’s essential to carefully review the terms and conditions. Additional coverage may be necessary depending on individual circumstances. Travelers should consider factors such as trip cancellation, emergency medical expenses, baggage loss, and trip interruption coverage.

By investing in additional travel insurance, travelers can gain peace of mind knowing they are protected against unforeseen events. Financially, insurance coverage can help minimize the financial burden of cancellations, medical emergencies, or lost belongings.

In summary, Airbnb Travel Insurance is worth considering as an investment for travelers. However, understanding the limitations and reviewing additional coverage options is crucial to ensure comprehensive protection.

Related questions

Is purchasing travel insurance from airbnb a cost-effective option for travelers in terms of coverage and premiums.

Purchasing travel insurance from Airbnb can be a convenient option for travelers, but it may not always be the most cost-effective choice in terms of coverage and premiums.

While Airbnb offers travel protection plans, it’s important for travelers to carefully evaluate their needs and compare them to other available options. Airbnb’s coverage typically includes trip cancellation or interruption, emergency medical expenses, and accidental property damage. However, the coverage limits and exclusions may vary, and it might not offer comprehensive protection.

When comparing premiums, travelers may find that standalone travel insurance providers offer more competitive rates. It is advisable to research and obtain quotes from multiple insurance companies to ensure they are getting the best coverage at a reasonable price. Additionally, travelers should review the policy details to ensure it aligns with their specific needs, such as coverage for pre-existing medical conditions or high-value belongings.

Another factor to consider is the level of customer support and claims process offered by Airbnb’s insurance compared to standalone providers. Travelers may find that specialized insurance companies provide more responsive customer service and smoother claims handling.

Ultimately, travelers should carefully evaluate their individual needs and preferences before deciding on travel insurance . While Airbnb’s offering could be suitable for some, exploring other insurance options might lead to better coverage and potentially more cost-effective premiums.

What are the key factors to consider when evaluating the benefits and drawbacks of Airbnb’s travel insurance compared to traditional travel insurance providers?

When evaluating the benefits and drawbacks of Airbnb’s travel insurance compared to traditional travel insurance providers, there are several key factors to consider.

Coverage: One of the most important aspects to evaluate is the coverage provided by each option. Traditional travel insurance providers typically offer comprehensive coverage for a wide range of travel-related risks, including trip cancellations, medical emergencies, lost baggage, and more. On the other hand, Airbnb’s travel insurance may have limited coverage and might not provide the same level of protection.

Cost: Another factor to consider is the cost of the insurance. Traditional travel insurance providers may have higher premiums compared to Airbnb’s insurance, which is often offered at a lower price. However, it is essential to assess whether the lower cost justifies the potential limitations in coverage.

Flexibility: Traditional travel insurance providers generally offer flexible options, allowing travelers to customize their coverage based on their specific needs. In contrast, Airbnb’s travel insurance may have fixed terms and conditions, limiting the flexibility in tailoring the policy to individual requirements.

Claim Process: Evaluating the claim process is crucial to ensure a smooth experience during unexpected events. Traditional travel insurance providers often have well-established procedures and customer support that can assist travelers throughout the claims process. Airbnb’s travel insurance may have a different claim process, which could potentially be less streamlined or require additional steps.

Provider Reputation: Lastly, considering the reputation and reliability of the insurance provider is paramount. Traditional travel insurance providers often have established track records and are regulated by relevant authorities. Comparatively, Airbnb’s travel insurance is relatively new, and its reputation may still be developing.

In conclusion, when assessing the benefits and drawbacks of Airbnb’s travel insurance compared to traditional travel insurance providers, it is essential to consider factors such as coverage, cost, flexibility, claim process, and provider reputation. Each individual should carefully evaluate their specific travel needs and preferences to make an informed decision.

How does Airbnb’s travel insurance policy protect against financial risks and unforeseen circumstances, such as trip cancellations or medical emergencies, and is it comprehensive enough to provide peace of mind for travelers?

Airbnb’s travel insurance policy aims to provide protection for travelers against financial risks and unforeseen circumstances. It offers coverage for trip cancellations, interruptions, and delays caused by specific reasons listed in the policy, such as illness, injury, or severe weather conditions. The insurance also includes coverage for medical emergencies that occur during the trip.

To ensure peace of mind for travelers, Airbnb’s insurance policy is designed to be comprehensive enough to cover various situations that may disrupt or impact travel plans. However, it’s important for travelers to review the policy details and understand its coverage limitations and exclusions.

Travelers should note that Airbnb’s insurance policy is not a substitute for traditional travel insurance and may not provide the same level of coverage as a standalone travel insurance policy. Depending on specific needs and preferences, travelers may consider purchasing additional travel insurance to supplement Airbnb’s coverage and further protect themselves against potential financial risks and unforeseen circumstances.

Overall, while Airbnb’s travel insurance policy offers some protection against financial risks and unforeseen circumstances, it’s essential for travelers to evaluate their individual needs and consider obtaining additional coverage, if necessary, to ensure comprehensive protection and peace of mind during their travels.

Disclaimer: The information provided here is for general informational purposes only and should not be considered as professional financial advice. Always seek the advice of a qualified expert or conduct thorough research with official sources before making any financial decisions.

Table of contents

Discover financial empowerment on CJDFintech.com, your guide through the world of credit, loans, insurance, and investment with straightforward, expert advice.

Recent articles

Maximizing your travel funds: a guide to using southwest airlines’ credits and vouchers, maximizing your savings: unraveling the benefits of education tax credits, cost of living calculator: comparing pittsburgh, pa vs san francisco, ca – which city will stretch your dollar further.

Understanding Bad Credit Auto Dealers: A Comprehensive Guide to Auto Loans for Borrowers with Poor Credit

Delta Rolls Back SkyMiles Changes After Customer Backlash: What it Means for Your Travel Finance Strategy

Unlocking Financial Opportunities: Exploring Low Income Loans for Economic Empowerment

447 Broadway 2nd floor

New York, NY 10013

Copyright © 2015-2023 CJD Fintech

We couldn’t find any results matching your search.

Please try using other words for your search or explore other sections of the website for relevant information.

We’re sorry, we are currently experiencing some issues, please try again later.

Our team is working diligently to resolve the issue. Thank you for your patience and understanding.

News & Insights

What Hosts Need to Know About Airbnb Insurance

September 06, 2024 — 01:27 pm EDT

Written by SmartAsset Team for SmartAsset  ->

An Airbnb investment could help you earn extra income. But as a property owner, you should understand what Airbnb's insurance for hosts, known as AirCover, can protect. Hosts should carefully review what is included, such as liability coverage and property damage, and maintain accurate records about their guests in order to prosecute any legal claims that may arise.

If you want to build a real estate portfolio, a financial advisor can help you analyze and manage investments.

What Is an AirCover for Hosts?

Airbnb’s AirCover for Hosts is a comprehensive insurance program designed to provide added protection for hosts. AirCover for Hosts and its benefits are always included and always free. AirCover includes two primary components: Host Damage Protection and Host Liability Insurance. Together, these protections aim to safeguard hosts from various risks associated with short-term rentals .

Host Damage Protection

Host Damage Protection under AirCover offers coverage for damage to your property caused by guests. This includes up to $3 million in coverage for the property, furnishings and any vehicles on site, as well as extra cleaning fees and lost rental income. This protection extends to damage from incidents such as fire, water damage or theft, though there are restrictions on things like natural disasters or damages resulting from ordinary wear and tear.

Host Liability Insurance

Host Liability Insurance, the second key component of AirCover, offers up to $1 million in liability coverage . This protection is designed to cover hosts in case a guest or third party is injured during their stay, or if there is damage to a guest's belongings. For example, if a guest slips and falls on the property, or if a neighbor's property is accidentally damaged, this insurance helps cover the associated costs, including medical bills or legal fees. There are several exclusions , including intentional damage or damage caused by intoxicated persons, that hosts should familiarize themselves with if they intend to seek supplemental coverage.

Filing a Claim

To file an AirCover for Hosts liability claim or damage protection reimbursement request, start by documenting the incident thoroughly. Take clear photos of any damage or injuries and gather any relevant receipts or estimates. Next, go to the Airbnb app or website and navigate to the Resolution Center. From there, select the reservation in question and follow the prompts to file a claim. You'll be asked to provide details about the incident, including the evidence you've gathered. 

For Host Damage Protection claims, submit your request within 14 days of the guest's checkout or before the next guest checks in, whichever is earlier. For liability claims, contact Airbnb support directly as soon as possible. Airbnb's team will review the claim and communicate with you regarding any additional information needed and the next steps.

Other Ways Airbnb Hosts Can Protect Themselves

While Airbnb’s AirCover for Hosts provides some protection, hosts should consider different types of insurance to ensure comprehensive coverage, like maintaining a homeowner's insurance policy that includes short-term rental coverage. Many standard homeowner's policies exclude rental activities, so it’s important to add a rider, or purchase a separate policy, that covers the gaps in Airbnb's protection or can supplement costs if Airbnb only covers a portion of the damages.

Another option is to invest in insurance for short-term rentals that is specifically designed for Airbnb hosts. These policies can offer broader coverage, including protection against guest-caused damage not covered by AirCover, loss of income due to cancellations, and even extended liability beyond the $3 million limit.

Are There Short-Term Rental Insurance Laws?

Short-term rental regulations vary widely across states and countries, influencing the type of insurance coverage hosts need. 

In the United States, local laws like New York City's short-term rental regulations often have strict rules governing short-term rentals that require hosts to register their properties and carry specific liability insurance. Some cities mandate additional coverage to address potential damage to neighboring properties or common areas in multi-unit buildings.

In Japan, the “Minpaku” law regulates short-term rentals, requiring hosts to register with local authorities and comply with specific insurance requirements. In European countries like France and Germany, hosts may need to secure both homeowner's insurance and specialized short-term rental insurance to comply with local laws.These regulations often include coverage for guest-related incidents and damages to ensure both hosts and neighbors are protected. Failure to comply can result in fines and legal action.

Bottom Line

Understanding Airbnb insurance for hosts is a key step in safeguarding your property. While Airbnb's AirCover provides protection through Host Damage Protection and Host Liability Insurance, supplementing this coverage with homeowner's insurance or specialized short-term rental insurance can offer more comprehensive protection. Additionally, reviewing local regulations regularly will help you avoid hefty fines or unwanted legal liability. Consulting a real estate advisor can offer you more insight into Airbnb rules and regulations, as well as how these costs factor into your overall financial goals.

Tips for Real Estate Investments

• A financial advisor can help you create a financial plan for your real estate investments. SmartAsset's free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you're ready to find an advisor who can help you achieve your financial goals, get started now .
• If you want to know how much your portfolio will be worth at a specific date in the future, SmartAsset's investment return and growth calculator can help you get an estimate .

Photo credit: ©iStock.com/GoodLifeStudio, ©iStock.com/Goodboy Picture Company, ©iStock.com/courtneyk

The post What Hosts Need to Know About Airbnb Insurance appeared first on SmartReads by SmartAsset .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.

To add symbols:

• Type a symbol or company name. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return.
• Copy and paste multiple symbols separated by spaces.

These symbols will be available throughout the site during your session.

Your symbols have been updated

Edit watchlist.

• Type a symbol or company name. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return.

Opt in to Smart Portfolio

Smart Portfolio is supported by our partner TipRanks. By connecting my portfolio to TipRanks Smart Portfolio I agree to their Terms of Use .

Money blog: How to get ridiculously cheap flights - by someone who does it professionally

An employee at Jack's Flight Club has revealed to the Money blog how to find ridiculously cheap flights. Scroll through to read this plus all today's personal finance and consumer news, and this week's Money Problem.

Monday 9 September 2024 19:51, UK

• How to get ridiculously cheap flights - by Jack's Flight Club employee
• 20mph roads would see us lower insurance premiums - esure
• Ministers will not soften blow for pensioners no longer receiving winter fuel payments, Number 10 says

Essential reads

• Fake voucher trend sees supermarket call in police
• How data roaming charges compare by network
• How your pension could be taxed

Tips and advice

• Money Problem : How can I buy a shared property outright?
• Weekly mortgage guide
• Free school meals guide
• Cheapest holidays dates before Xmas

Ask a question or make a comment

Engagement rings can be traced back as far as Ancient Rome - but the modern diamond only came into fashion in the late 1930s. 

Now, almost a hundred years on, we are asking - are they still relevant, and how much would you spend on one?

Tell us your stories - do you even have one?

Fill out the comment box above, or you can also  send us a message on WhatsApp .

As Asda fights an equal pay claim from some staff (see 13.01 post), it has announced the launch of a new workplace savings account.

The benefit is exclusively for its 150,000 staff and the company has partnered with Wagestream to offer a 4.7% interest rate. 

Colleagues will be able to save in two ways - by either setting a fixed amount to be taken out of their regular pay packet and deposited straight into their savings account or by "rounding up", which will see their shift payments rounded to the nearest whole pound and the difference deposited into their accounts automatically.

There is a monthly limit of £1,000 and a total limit of £85,000.

What do the experts say?

We asked Savings Champion if the benefit was as good as it sounds, and co-founder Anna Bowes told us...

"On the face of it, this is a great initiative and the fact that the funds can be taken on payday will probably encourage more staff to take part. I always recommend that when savers open a regular savings account, they set up a direct debit to take the deposit on or just after payday, so that it makes it feel like an essential bill – but one that they will benefit from in the future."

She said the rate on offer (4.7%) is pretty decent, but those looking to save less than £1,000 may find better rates elsewhere.

"For example, the Principality Building Society is paying 8% AER on deposits of up to £200 a month, although this account has a term of six months only, so would require more intervention and admin, as you'd need to find a new home for the cash on maturity and start another savings account, which may put some people off!

"Anyone who already has or wants to open a current account with First Direct or the Co-op could earn 7% AER on maximum monthly deposits of £300 or £250 respectively. However, on a deposit of £300 a month, that is a difference of just £45.50 in gross annual interest – so not an enormous loss, especially if the Asda initiative actually encourages more people to save!"

Anna said Asda employees might wish to seek more details of how their money is protected before signing up. 

The Body Shop has been rescued from administration in a deal that could save more than a thousand jobs.

The beauty retailer has been acquired by a consortium led by the British cosmetics tycoon Mike Jatania.

It is currently understood there are no immediate plans to shut any of the 113 remaining UK stores.

In a statement, Aurea said the acquisition was its largest transaction to date and it would "steer the Body Shop's revival and reclaim its global leadership in the ethical beauty sector it pioneered".

The Body Shop was founded in 1976 by Dame Anita Roddick. Trading out of a small shop in Brighton, it made its name selling cruelty-free fairtrade products.

But it fell into administration in early February after previous forecasts for how much funding it would need to keep going proved too low. In the weeks that followed, administrators said hundreds of jobs would be lost and dozens of shops closed.

Ministers are not looking to soften the blow for 10 million pensioners who will no longer receive winter fuel payments, the prime minister's spokesman has said.

Ahead of a vote on Tuesday on the controversial decision to  limit winter fuel payments  to those on pension credit, the government is remaining steadfast despite growing opposition from Labour MPs, unions and charities.

Up until now, all pensioners received the payment to help with higher energy bills over the winter.

Following a cabinet meeting on Monday, Sir Keir Starmer's spokesman was asked if ministers discussed softening the impact for pensioners no longer eligible.

"Not at all," he said.

Read the full story from our politics team here ...

By Tomos Evans , Wales reporter

The average driver could save £50 per year on their car insurance premium if the 20mph speed limit were to be rolled out across the whole of the UK.

Insurance company esure says it would "proactively reduce policy prices" for its customers within three months of identifying a new 20mph zone.

Earlier this year, the company said it had seen a 20% reduction in car accident claims in Wales.

20mph became the default limit in Wales's built-up areas in September last year but was met with significant opposition.

A record-breaking petition on the Senedd's website calling for the policy to be scrapped was signed by more than 500,000 people.

The Welsh government has since updated its guidance for councils to exempt certain roads from the reduced speed limit, in an effort to get "the right speed on the right road".

In May, it was announced the speed limit on almost 4,000 of Glasgow's streets would be reduced to 20mph.

Transport Secretary Louise Haigh has said traffic speeds in England are "entirely up for local areas to decide".

Many parts of England have already changed the default speed limit on their roads.

Primark is losing more money to shoplifters than it spends on rates, its chief executive has said.

The company's billionaire boss, George Weston, said shoplifting had become "socially acceptable... with thieves facing no consequences".

Primark pays around £70m a year in business rates for its UK shops, but Mr Weston says the price of losses from theft now eclipses this.

Business rates are a tax on the occupation of a non-domestic property but have been criticised for allowing online retailers to have an advantage over their bricks-and-mortar counterparts.

He welcomed the home secretary's plans to scrap the £200 rule - which allows thieves to be charged with a summary-only offence if they steal goods worth less than £199.

A summary-only offence is less severe and is tried in a magistrates' court, with the court only able to impose a maximum jail term of up to six months (however, the offence is more likely to result in a community order, according to sentencing guidelines).

Primark has already reported that gloomy summer weather knocked sales by 3.1% - but it has also driven higher sales of autumn fashions, including the company's new collection with singer Rita Ora. 

It remains unclear what Labour's first budget next month will mean for pensions - with Chancellor Rachel Reeves refusing to rule out additional taxation.

The lack of detail has created speculation - and so experts at investment bank Saxo have provided us with quick answers to the top 10 most googled questions about pensions...

1. How will I find a lost pension?

If you're looking for a workplace pension, you can contact previous employers and get the information directly from them or many companies offer this service and track them down on your behalf. 

The government offers the Pension Tracing Service which, by using your employer's name or your information, can provide you with the details of their workplace pension provider. 

2. How much is the state pension?

The current full rate of the UK state pension is £221.20 per week, but this is dependent on how much National Insurance you've paid while working. 

To qualify, you'll need to have paid national insurance for 10 full years. 

If you're married and both of you have built up 35 qualifying years, this amount doubles to £442.40 a week, or £23,004 a year. 

3. When do pensions go up?

The state pension is increased on the first Monday on or after 6 April in line with whatever is highest out of inflation, average wage growth or 2.5%. In April 2024, the annual rise increased by more than 8.5%.

4. How much pension will I receive?

This depends on two main factors  - your NI contributions to make sure you receive the full state pension and whether you have a private pension (but there are more factors to consider as well). 

This private pension could be a Self-Invested Personal Pension that you've managed, or a workplace pension you and your employer have paid into while working. 

Other factors to consider are sector specific pension schemes (teachers' pension, NHS workers, military), how you draw down your pension and the tax implication, and your age. 

5.  Are pensions subject to inheritance tax?

Usually pensions are exempt from inheritance tax as most schemes are written as trusts, therefore they are valued separately from one's estate and not included in probate calculations - but there are exceptions: 

• Continuing guarantee payments may be subject to IHT;
• If a lump sum is paid from a value protected pension, the net of tax amount may be included in the estate; 
• If the pension owner died after reaching 75, income tax may be payable.

6. Are pensions tax-free?

It depends on the amount you are withdrawing from your pension, as income from pensions is taxed like any other kind of income. You have a personal allowance (£12,570 for the 2024-25 tax year) which is tax-free. 

You then pay 20% tax on income between £12,571 to £50,270 and 40% for any more.

7.  How much money can you have in the bank on pension credit?

There is no upper limit on how much money you can have in the bank to receive pension credit, but if you have more than £10,000 in savings and investments, the amount you receive may be reduced.

8. How do I consolidate a pension? 

Pension consolidation means combining all (or some) of your pensions into one pot. 

If you have several employers over time you are likely going to have workplace pensions in different places. There are advantages and disadvantages to both so it is best to seek advice before combining your pension.

9. How much pension pot do I need for £2,000 per month?

Using a pension calculator, the minimum amount required would be £272,000 for a £24,000 annual drawdown.

However, this doesn't include a lump sum and other factors that will be personal for you. Speak to a professional to receive tailored advice for you. 

10. Will Labour tax pensions?

Pensions are already subject to tax. Regardless of how you withdraw your pension, 25% of your total pension pot will be tax-free and you'll pay tax on the rest as if it were income. 

Asda workers will stage demonstrations outside the start of an equal pay claim that will assess whether shop floor workers should be paid the same as warehouse staff.

The case (which is expected to last for up to three months) centres on the fact the predominately female retail workforce at the supermarket giant is paid up to £3.74 per hour less than the predominately male warehouse workforce.

Claimants in the case argue both jobs are of equal value to the company.

It is just the latest stage in a 12-year battle over equal pay by Asda retail workers - and if successful, the bill could run into billions of pounds.

Nadine Houghton, GMB National Officer, said: "Asda workers are making history. The result of this hearing will call time on the retailers undervaluing their predominantly women shop floor workers.  

"The entire retail sector has been built on the structural undervaluing of women's work - but GMB members are changing this."

It comes as the Employment Tribunal ruled in favour of Next workers in a similar case involving a dispute centred on different rates of pay between job roles. 

An Asda spokesperson said: "We fully respect the right of current and former colleagues to bring this case; however, we strongly reject any claim that Asda's pay rates are influenced by gender. 

"There are numerous different jobs within retail and within warehouses. We continue to defend these claims because retail and distribution are two different industry sectors that have their own distinct skill sets and pay structures."

By Sarah Taaffe-Maguire , business reporter

German supermarket giant Aldi has repeated its commitment today to opening more stores as it reported record UK sales (this comes despite a falling market share). Pre-tax profits reached £536.7m for the 12 months to December - up from £152.6m a year earlier.

The oil price is just above a more than two-and-a-half-year low at $71.84 (£54.89). It dropped sharply on Friday afternoon amid news of a slowing US economy and weak Chinese demand.

The pound slipped below $1.31 for the first time in nearly a week. This is still high, but anyone who was on holiday in the US last week would have got more bang for their buck. Sterling is doing relatively well against the euro with £1 buying €1.1839.

Following the worst week of 2024, UK stocks have rebounded. The FTSE 100 index of the most valuable companies on the London Stock Exchange rose 0.7% while the FTSE 250 was up 0.34%.

By Megan Harwood-Baynes, cost of living specialist

A £200 flight to the Caribbean sounds almost too good to be true, but for seasoned flight finder Katy Maclure, moments like this are just another (really great) day at the office.

Katy has worked for Jack's Flight Club for almost three years and spends her day researching cheap flights and finding deals - and she's given Sky News some of her best tips.

JFC was started in 2016 by Jack Sheldon. Jack had worked for a large data company but had a knack for finding budget airfares and, after spending time doing this for his friends and family, he decided to turn it into a business - first starting as a newsletter and then a website and company that employs a dozen people.

Katy was one of those. She began as a flight finder and now edits The Detour, the company's weekly travel inspiration.

She says one of the best ways to find a steal is to look at places you might never have thought to go.

"I knew I wanted to go to the Caribbean, and I knew it was expensive - then I saw these cheap flights to Martinique from Paris.

"And Paris is easy to get to, you can just jump on an EasyJet flight or take a train."

So, for just over £200, a train (and the cost of their Airbnb), she and a friend spent two weeks in the overseas French region situated in the eastern Caribbean Sea.

The trick, she says, is going off the beaten track. Last year, she spent £175 on a return trip to Kyrgyzstan and Uzbekistan.

"It's like the Scottish Highlands, but more extreme," she says.

"We stayed in a yurt and it was absolutely phenomenal. It would be amazing for nature lovers - we did a trek into the mountains.

"And it wasn't just nomadic and wild, when we got to Bishkek, it was so modern."

JFC operates a two-tier system for members - you can sign up for free and, each week, a roundup of deals will land in your inbox. If you sign up for their paid tier (which costs around £48 a year) you'll get those emails more frequently.

What's the deal with error fares?

They're the golden goose of airfares, and they are quite literally what they say on the tin - someone made a mistake when putting the price into the system.

Among some great error fares found by JFC was a return flight from Manchester to New York City in the low £200s, and a return to Tanzania from the UK for just £280. That deal was so good that eight of the JFC team booked a trip.

When this happens, the JFC team scramble to get them into subscribers' inboxes as fast as possible, because they can be withdrawn at any time.

Airlines don't have to honour an error fare (they can just refund you), so Katy says it's worth waiting a few weeks before booking any accommodation, just in case - and the rules are slightly different for online travel agencies.

"We've heard many stories of online travelling agencies calling up afterwards or emailing after saying 'oh, sorry, that fare's no longer available, please provide your card details and we'll charge you X amount more'.

"So just be aware that you don't have to pay, that you're not obliged to pay, that you can back out if they try and charge you more."

Katy's top tips for discount travel

1. If you have a specific date and destination in mind, set up alerts on Google flights - you will then get an email when the price changes;

2. Have an idea in mind of what you are willing to pay. If you want a direct flight, it will cost more - as will baggage, so research what these will cost ahead of time to know if you are getting a good deal;

3. Be flexible. If you can't be flexible about the dates, be flexible about the destination. 

Be the first to get Breaking News

Install the Sky News app for free

AirCover for Hosts

Airbnb's industry-leading Host protection program has evolved over the years. Now known as AirCover for Hosts, the program includes guest identity verification, reservation screening, $3M Host damage protection, $1M Host liability insurance, $1M Experiences liability insurance, and a 24-hour safety line. If you're not familiar with AirCover for Hosts, you can visit our Help Center for answers to most questions.

Host damage protection protects your place and belongings every time you host on Airbnb. Like any kind of protection program, it has a few terms, conditions, and exclusions . Host damage protection isn't an insurance policy, and not all damage is included within its terms—so we suggest you also purchase personal insurance for any property damage caused by guests that we don't protect. With Host damage protection, Airbnb will reimburse you for certain damages caused by guests to your home and belongings if the guest does not pay for those damages. Host damage protection is also different from our Host liability insurance—you'll learn more about that in the next section. Lastly, please note that all limits shown are in USD. Any conversion from USD to other currencies is calculated on the date the reimbursement request is paid.

Host liability insurance protects you in the unlikely event that you're found legally responsible for a guest being hurt or their property being damaged or stolen during an Airbnb stay at your place. It is underwritten by third party insurers and also comes with some terms, conditions, and exclusions, which you can learn more about in the comprehensive program summary . Please note that all limits shown are in USD. Any conversion from USD to other currencies is calculated on the date the claim is paid by the insurer.

Experiences liability insurance protects you if you're found legally responsible for a guest being hurt or their property being damaged or stolen while you're hosting them during an Airbnb Experience. This only applies to Experiences, so Hosts of stays aren't included in this coverage. You can learn about any specific terms, conditions, exclusions, and details of the third party insurers in the comprehensive program summary . Again, all amounts shown are in USD. Any conversion from USD to other currencies is calculated on the date the claim is paid by the insurer.

If you're a Host who had stays or Experiences in mainland China , a Host of stays in Japan , or an Experiences Host in Japan , you have your own protection program, as the Host damage protection, Host liability insurance, and Experiences liability insurance don't apply to you. Hosts who offer accommodations through Airbnb Travel, LLC and Adventures Hosts are also not covered by these programs.

For listings in Washington state, US, Airbnb's contractual obligations for Host damage protection are covered by an insurance policy purchased by Airbnb, which does not change the contractual responsibilities of Hosts and guests under the Host damage protection Terms, Airbnb Terms of Service, or the Airbnb Payments of Service.

If you're hosting stays or Experiences in the UK, the Host liability insurance policy and the Experiences liability insurance policy are underwritten by Zurich Insurance Company Ltd., and arranged and concluded at no additional cost for UK Hosts by Airbnb UK Services Limited—an appointed representative of Aon UK Limited, which is authorized and regulated by the Financial Conduct Authority. Aon's FCA register number is 310451. You can check this on the Financial Services Register by visiting the FCA's website or contacting the FCA at +44 0800 111 6768. The Host Liability and Experience Liability policies within Aircover for Hosts are regulated by the Financial Conduct Authority, the remaining products and services are not regulated products arranged by Airbnb UK Services Limited. FP AFF 614 LC.

Guest identity verification, reservation screening and the 24-hour safety line are tools or features used by Airbnb to help verify guest identities, screen reservations for potential party and property damage risk, and provide access to Airbnb's 24-hour safety line. These features aren't insurance policies or guaranteed to prevent incidents. Guest identity verification is required for guests traveling to 35 countries . Government identification may not be collected in all cases—visit our Help Center for more information. Reservation screening using machine learning is designed to redirect reservations that may have a higher risk of being associated with a potential party and property damage. This feature is currently available in the US, Canada, and Australia, with the goal of expanding to global coverage (where feasible and legally permissible). Visit our Help Center for more information.

Related articles

Getting protected through aircover for hosts, host damage protection terms, host liability insurance program summary.