As an Airbnb host consultant, protecting your vacation rental property from damages caused by renters is a priority. While minor mishaps are bound to happen, it’s essential to focus your efforts on serious incidences of damage and theft of valuable items in good condition. In this blog post, we’ll explore prevention, protection, and action steps to take when damages occur.
First, wear and tear, such as limescale buildup and deteriorating furniture, should be taken into account for your rental property’s contents and any damages that occur. Focus your efforts on serious incidences of damage to and theft of valuable items in good condition.
If damages exceed the security deposit amount, Airbnb’s Host Guarantee Program covers certain damages up to a million dollars. However, damages caused by personal liability and that involve securities, artworks, pets, jewelry, collectibles, and cash aren’t covered by the program. So, it’s best to invest in additional Airbnb insurance to protect yourself from the expense of renter damage.
Aside from insurance, there are a couple more proactive steps you should take to protect yourself, including documentation of your property’s internal and external contents and guest screening and vetting.
In conclusion, renters won’t always respect and cherish your vacation rental property as you do. By knowing what to let slide versus what to pursue as serious damage, you can protect your finances and your rental property from costly damage. If you need help with short-term rental management or property management, don’t hesitate to contact us, your trusted Airbnb host consultant.
