Renting out properties in Mexico’s vibrant destinations, such as Puerto Vallarta and Riviera Nayarit, has become a popular way to generate income. Airbnb’s AirCover program offers hosts a degree of protection; however, understanding its limitations is crucial for comprehensive coverage.

In high-value areas like Puerto Vallarta and the picturesque Riviera Nayarit, relying solely on AirCover or a HOA master policy is often not enough to provide full protection like natural disasters, theft, and certain structural damages.

For instance, in culturally rich locales such as San Miguel de Allende, and the bustling Playa del Carmen, property owners may find that HOA policies cover common areas but not individual units or guest-related damages. Similarly, in coastal towns like Mazatlán, and the serene San Carlos, AirCover’s exclusions could leave significant gaps in protection.

To fully safeguard your investment and rental income, especially in high-value areas like Tulum and Cuernavaca, a customized insurance policy tailored to the unique risks of rental properties in Mexico is essential. Such a policy can address coverage gaps left by standard options, ensuring comprehensive protection for property owners in diverse Mexican locales.

What Airbnb’s AirCover Includes for Hosts:

Property Damage: Covers guest-caused damage to the structure or valuables (like artwork), unexpected cleaning costs (e.g., smoke damage), and loss of income due to cancellations caused by guest damage. Coverage limit: up to $3 million US Dollars.

Host Liability Insurance: Protects you if a guest suffers physical injury or property damage during their stay and you are held legally responsible. Covers legal defense costs and claims up to $1 million US Dollars. per property.

What Airbnb’s AirCover Does NOT Cover:

• Natural Disasters: Damage from hurricanes, earthquakes, floods, or other severe weather events.
• Direct Property Damage: Water leaks, structural issues, and other non-guest-related damage.
• Theft of Valuables: Loss of high-value items if stolen without evidence of forced entry.
• Loss of Income from Non-Guest Damage: If your property becomes uninhabitable due to damage unrelated to a guest’s stay.
• Evacuation Costs: Guest relocation due to civil protection orders (e.g., hurricane evacuation).
• Common Area Liability: Incidents occurring in shared spaces covered by the HOA master policy.

A tailored insurance plan can cover:

• Structural damage caused by natural disasters like hurricanes and earthquakes.
• Loss of rental income from events beyond guest-related incidents.
• Theft and damage to valuables inside your home.
• Liability coverage for staff, service providers, and incidents in common areas.

To secure your investment and protect your income, you need a comprehensive insurance solution designed for rental properties in Mexico.

Protect your investment today – Schedule a free policy review!