How Much Will It Cost to Insure My St. George Short Term Rental?

If you're considering buying a short term rental property in St. George, you're likely evaluating the projected expenses so you know what to invest. With year-round sunshine, red rock landscapes, and proximity to Zion National Park, this is a prime location for short-term rentals with a high potential for profitability, but before you buy, you’ll want to understand what it costs to insure your property because standard homeowners insurance won’t cut it.

What Is Short-Term Rental Insurance (And Why You Need It)

Short-term rental insurance is a specific type of coverage that protects your property when you rent it out to guests through platforms like Airbnb, Vrbo, or direct bookings. Unlike traditional homeowners policies, these plans are designed to cover:

• Guest-caused property damage
• Lost income if the property becomes uninhabitable
• Liability protection if a guest is injured
• Damage that occurs during rental stays—not just when you’re living there

Without the proper insurance, you could be personally responsible for injuries, lawsuits, or significant repairs. In other words, this is completely essential for any owner of a short term rental property, and it's not worth skimping on coverage. 

How Much Does Short-Term Rental Insurance Cost in St. George?

Based on recent client experiences and quotes from top providers, you can expect to pay between $1,800 and $3,000 per year for short-term rental insurance on a typical 3-bedroom home in the St. George area. Of course that price will differ, even outside that range, for different owners. Factors that influence the price include:

• Property value – Higher-end homes cost more to insure
• Location – Proximity to wildfire zones or flood areas matters
• Frequency of rentals – The more often it’s booked, the higher the risk
• Coverage limits and liability protection
• Amenities – Pools, hot tubs, and fireplaces may increase rates

For reference, a typical investor with a $700K property near Snow Canyon pays $2,450 annually for a policy with $1 million in liability coverage and loss-of-income protection.

What Kind of Coverage Do You Actually Need?

This is where many first-time investors get overwhelmed, so let’s simplify it. A quality short-term rental insurance policy should include:

• Dwelling coverage – For fire, vandalism, storms, etc.
• Contents coverage – For damage to furnishings and appliances
• Liability insurance – In case a guest sues you for injury or loss
• Loss of income protection – If your home is offline due to damage
• Guest-caused damage coverage – Not all policies include this!

The best way to have a clear picture of the coverage you need and what it will cost is to contact a few insurance agents and get their insights, including a quote. This will help you feel confident about your costs. 

Insider Insight: My Experience Helping Investors in St. George

Over the past few years, I’ve worked with a range of clients, from local retirees managing one vacation rental to out-of-state investors building portfolios. Every one of them had questions about insurance. And while I’m not an insurance broker, I always connect my buyers with trusted, St. George-based professionals who know how to help.

I've leaned through watching my clients that peace of mind matters more than saving a few hundred dollars. The right coverage is a small price to protect a six- or seven-figure investment.

Want Help Finding a Short-Term Rental That’s Easy to Insure?

I specialize in helping buyers find short-term rental properties in St. George that are both income-generating and insurable. I’ll walk you through:

• Identifying STR-friendly neighborhoods
• Introducing you to trusted local insurance providers
• Analyzing ROI—including insurance and management costs

Let's talk about how we can partner to help you reach your goals in St. George real estate! Contact us any time to get started.