• Airbnb Insurance in Calgary

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Why Insurance for Airbnb Hosts in Calgary is so Important?

Running an Airbnb business presents a highly lucrative opportunity, but even a single insurance incident on your property can jeopardize your profits significantly. When hosting strangers in your home, unforeseen events can occur.

It may come as a surprise, but a typical homeowner’s insurance policy may not provide coverage for short-term rentals. While we hope you never encounter the worst-case scenario, having Airbnb insurance in Calgary offers crucial protection and peace of mind.

By securing the right short-term rental insurance policy, you eliminate any chances of leaving your investment to chance. Whether your Airbnb venture is a side gig or a full-time business, you have invested considerable time, effort, and resources into it. Therefore, it is vital to ensure its protection.

Don’t take any unnecessary risks. Safeguard your Airbnb business by obtaining the appropriate insurance coverage, providing you with the necessary protection and security for your valuable investment.

What Airbnb Insurance in Calgary We’re Offering?

The extent of Airbnb insurance coverage is influenced by various factors, such as the building’s age, construction materials, number of units, presence of fire sprinklers and smoke detectors, value of the unit’s contents, rental income, and other relevant considerations. Consequently, selecting the ideal insurance company in Calgary can be a challenging task for short-term rental property owners. At MasterHost, we are here to assist you in navigating the available options on the market and clarifying the distinctions, enabling you to choose a trustworthy Airbnb insurance provider in Calgary that safeguards your investment effectively. We will provide guidance and insights to ensure that you make an informed decision, giving you peace of mind and the confidence that your property and financial interests are well-protected.

Airbnb Insurance Calgary

What’s Covered:

Typically, Airbnb insurance in Calgary will cover major events like:

  • Water and fire damage;
  • Loss of rental income;
  • Loss/damage of unit content (furniture, clothes, electronics, etc.);
  • Unit improvements (new flooring, new cabinets, new appliances, etc.);
  • Legal liability;
  • Sewer back-ups;
  • Earthquake damage.

What’s Not Covered:

Normally, standard contracts do not cover the following risks:

  • Damage caused by pollution or mold;
  • Intentional damage to property.

What Does the Cost of Vacation Rental Insurance in Calgary Depend on?

The costs of Airbnb insurance are influenced by numerous factors, including the size of your rental space, property value, location, level of coverage, and other specific details. As an illustration, coverage for a 1-bedroom, 1-bathroom condo located in downtown Calgary might range from approximately $600 to $1000 per year. However, it is important to note that these figures are estimates and can vary based on individual circumstances and insurance providers. To obtain an accurate quote tailored to your specific situation, it is recommended to consult with insurance professionals who can assess your needs and provide you with precise pricing information.

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