• Airbnb Insurance in Edmonton

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Why Insurance for Airbnb Hosts in Edmonton is so Important?

Operating an Airbnb business is a highly profitable venture, but a single insurance incident on your property can quickly erode the gains. When hosting unknown individuals in your home, anything is possible.

If you are accommodating a guest in your residence, you might be astonished to learn that the standard homeowner’s insurance policy may not encompass short-term rentals.

Hopefully, you will never encounter the worst-case scenario, but if it does occur, you will be grateful for the safeguard and tranquility provided by having Airbnb insurance in Edmonton.
Having the appropriate short-term rental insurance policy means not taking any risks. You have invested significantly in your endeavor, whether it is a part-time hustle or a full-time business. Ensure its protection.

What Airbnb Insurance in Edmonton We’re Offering?

Airbnb insurance coverage is influenced by several factors, such as the age of the building, the materials used in its construction, the quantity of units, the type and number of fire sprinklers and smoke detectors, the value of the unit’s contents, the worth of your rental income, and other considerations. Therefore, selecting the optimal insurance company in Edmonton can pose a challenge for the owner of a short-term rental property. MasterHost will assist you in navigating the available market options and elucidate the distinctions, enabling you to opt for a dependable Airbnb insurance provider in Edmonton to safeguard your investment.

Airbnb Insurance Edmonton

What’s Covered:

Typically, Airbnb insurance in Edmonton 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 Edmonton Depend on?

The cost of Airbnb insurance is contingent on numerous factors, such as the dimensions of your rental area, the property’s value, its location, the extent of coverage, and other specifics. For instance, the annual cost for coverage of a one-bedroom, one-bathroom condominium in downtown Edmonton could range from approximately $600 to $1000.

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