Short-Term Rental Property Insurance

So, you’ve decided to enter the exciting world of being a short-term rental property host. That’s great! In all likelihood you’ve chosen to list your property on one of the excellent platforms available in Canada like CanadaStays or Airbnb.

But whether you’re just starting out or you’re already a seasoned host, you probably have some concerns about handing strangers the keys to your home. That’s why it’s so important to have the right short-term rental property insurance. Now with Duuo you can protect yourself and your home for just a few dollars a night.

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Homeowners insurance

Total Coverage

When we started hosting on Airbnb we had no idea we needed additional insurance to cover us. Fortunately, Duuo is a great solution because it's pay-as-you-go.
Matt, Gwen, and Neko
- Pet Friendly Airbnb Owners

What is short-term Rental Property Insurance?

You can think of short-term Rental Property Insurance from Duuo like the hot fudge on top of your insurance sundae. You keep your existing home insurance policy, but then Duuo provides coverage for both you and your home for risks related to your short-term rental. So easy!

Duuo is 100% digital and “on-demand”. That means you only pay for the nights you host guests.

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Ready to see a quote for your home?

It takes about 25 seconds. Just click below!

I really appreciate the extra protection. My guests have been wonderful and have come from as far away as Switzerland. Thank you Duuo for partnering with me!

Faye, British Columbia

I just started using Duuo and have a great first impression. It should help ease my concerns about hosting through Airbnb.

Steve, Ontario

Why do you need short-term Rental Property Insurance?

If you think about it, awesome platforms like CanadaStays, Airbnb, and many others just didn’t exist when home insurance policies were designed. Unfortunately, this created gaps in coverage that are now leaving many hosts vulnerable. That’s why Duuo was developed by The Co-operators.

Here are a few reasons why getting short-term Rental Property Insurance is so important:

  • Many home insurance policies do not cover short-term rental property activity
  • To protect yourself and your home, it’s important to have an insurance policy that is under your name specifically
  • Proper coverage will protect you from the unique challenges hosts face like damage to appliances and rental income interruption
  • Coverage will include up to $2 million dollars in liability protection
  • Replacement cost for the value of your home up to $1.5 million
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Property coverage

Duuo covers your home, contents, and any additional buildings on your property for replacement cost. Additional expenses for other living arrangements during repairs of an insured loss are also covered. The standard property deductible is $1,000, but many coverages are deductible-free.

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Extensions of Property

Customized coverage designed to protect the particular risks you face as a short-term rental owner including vandalism, malicious damage, and water damage at full policy limits.

Plus, the following additional coverages at no deductible:

Accidental breakage of valuable articles – $2,500
Excessive use of internet – $1,000
Infestation coverage – $5,000
Legal expense coverage – $5,000
Property of guests – $5,000
Accidental damage to electronics and appliances – $2,500
Identity fraud expense – $10,000
Citations, fines, and penalties – $1,000
Rental interruption coverage – Actual Loss

Liability coverage

Should a claim be made against you for bodily injury or property damage occurring during a rental, we’ve got you covered. We pay for any damages awarded against you, up to $2,000,000.

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Extensions of Liability

We offer customized coverage to protect your additional liability as a short-term rental owner. There is no deductible for these coverages:

Guest’s vandalism to neighbours – $2,000,000
Infestation liability – $10,000
Guest’s water damage to neighbours – $2,000,000

How to get a quote for Rental Property Insurance

Getting a quote for short-term Rental Property Insurance takes just 25 seconds with Duuo. Just enter your address and the type of property you own. You can also purchase your insurance directly online in just a few minutes. Click below for a quote.