• Airbnb Insurance in Lyon

Why Insurance is so Crucial for Airbnb Hosts in Lyon?

Although operating an Airbnb business can be very lucrative, the gains might be quickly wiped out by only one insurance catastrophe on your property. Anything can happen when you host guests in your home.

It may come as a surprise to you to learn that conventional homeowner’s insurance coverage does not necessarily cover short-term rentals if you are hosting a tourist in your house. Ideally, you won’t encounter the worst-case situation, but if it did, you’d be grateful for the security and comfort that come with Lyon Airbnb insurance.

Avoiding risks requires having the correct short-term rental insurance policy on your side. Whether your project is a full-time business or a side gig, you’ve put a lot of money into it. Make sure to secure it.

What Kind of Airbnb Insurance in Lyon We’re Providing?

The level of coverage provided by your Airbnb insurance will vary depending on a number of parameters, such as the age of the building, the materials used in construction, the number of units, the type and quantity of fire sprinklers and smoke detectors, the contents of the unit, the value of your rental income, and other factors. So, selecting the ideal insurance provider in Lyon for a short-term rental property might be challenging. To help you choose a trustworthy Airbnb insurance company in Lyon and protect your investment, MasterHost will lead you through the options on the market and explain how they differ.

What’s Covered: 

Typically, Airbnb insurance in Lyon covers significant incidents like: 

  • Water and fire damage; 
  • Loss of rental income; 
  • Loss or damage to unit contents (furniture, clothes, electronics, etc.); 
  • Unit improvements (new flooring, new cabinets, new appliances, etc.); 
  • Legal liability; 
  • Sewer backups; 
  • Earthquake damage.

What Is Not Included:

Standard contracts typically exclude coverage for the following risks:

  • Pollution or mold-related harm; 
  • Malicious property damage.

What Factors Affect the Price of Vacation Rental Insurance in Lyon?

The price of your Airbnb insurance will be influenced by a number of elements, such as the size of your rental space, the value of the property, the location, the depth of coverage, and other specifics. For instance, insurance for an apartment in downtown Lyon with one bedroom and one bathroom can cost between $600 and $1,000 per year.