Short-term rental insurance in New Mexico

Put a New Mexico home on Airbnb or VRBO and a standard homeowners policy backs out as soon as guests start paying to stay. Short-term rental insurance covers the home, your host liability, and the booking revenue lost when a covered event like severe heat or storms forces the rental offline.

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Rated five stars by New Mexico vacation-rental owners.

Eric Martin

I had a quote within half an hour and then connected them with my mortgage lender for closing via email. Very easy to work with.

Elizabeth Oreo

They respond quickly and communicate well. I was able to get the policy I needed to convert my vacation home to Airbnb.

Arnold Chambers

The process of getting a landlord policy was very smooth. A few text messages, and the price was great, new policy saved us over $600!

Protect your New Mexico property with short-term rental insurance

New Mexico’s Airbnb market is expanding across Santa Fe, Albuquerque, and Taos. Property owners and managers need insurance that meets local regulations.

Steadily provides short-term rental insurance that protects New Mexico homes from liability, damage, and guest-related incidents. Keep your vacation rental secure with coverage made for hosts.

Since guests, not long-term tenants, are the ones on the property in New Mexico, Steadily gives hosts one straightforward policy for property damage, liability, and lost rental income.

Who is short-term rental insurance for?

Short-term rental insurance protects your investments when they are rented as a vacation rental, Airbnb, VRBO, etc. Short-term rental insurance covers rental periods as short as one night. This insurance offers coverages for:

Legal liabilities

Fire and water damage

Financial protection against natural disasters

Protection for your furnishings

What does short-term rental insurance cover?

We cover a wide range of risks, or you can choose a limited set of coverages for a lower premium

Fire

Covers damage from fire, smoke and related events, such as wildfires, accidental kitchen fires or electrical fires caused by malfunctioning appliances.

Legal liability

Landlord liability insurance pays medical bills, legal defense, and settlements when a tenant or visitor is injured at your rental. Steadily writes $300K-$2M of liability into every landlord policy in all 50 states. Quote in two minutes.

Water

Covers certain water damage not caused by flooding, including burst pipes, HVAC leaks and plumbing overflows.

Storm and hail

Covers damage to your rental property caused by storms, hail, wind and lightning - such as fallen trees or hail punctures in roofing structures.

Loss of rent

Covers lost rental income for when your rental becomes uninhabitable due to covered perils, or while the repairs are being made.

Vandalism & burglary

Covers damage made to your rental property by a burglar or a vandal, such as broken windows or defacements made to walls or exterior structures.

Riot & civil commotion

Covers damage to your rental property caused by riots, civil unrest, and public disturbances.

Short-term vs. long-term rentals explained

Short-term rentals

Stays that are 30 days or less at a time.

Rented in short stays

Guests book by the night or week, cycling through constantly instead of one household staying put. A short-term rental policy is priced for that turnover.

Furnished space for paying guests

You supply the beds, furniture, and everything guests use.

Rental income rises and falls with bookings

Revenue is variable and business-like, and loss of rent coverage can replace bookings lost after a covered event.

Requires an STR policy or endorsement

An STR carries a meaningfully different risk profile than a long-term rental. Having the wrong policy can result in coverage gaps and claims being denied.

Long-term rentals

A tenant's permanent residence.

Leased for months or years

One tenant signs a lease and lives there full-time; there's no nightly turnover.

A different risk profile

A single long-term tenant creates far less turnover and guest liability than a stream of nightly visitors, so it's underwritten differently.

Steady rent, tied to a lease

Using a homeowners policy for a rental property can create major coverage gaps.

Does not require an STR policy or endorsement

A tenant-occupied rental calls for a landlord policy built around long-term tenants.

Not sure if your STR is covered? Enter your address and get a free quote instantly:

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What short-term rental insurance costs in New Mexico

A short-term rental policy usually costs about 15% to 25% more than a standard landlord policy on the same home because hosting is closer to running a small business than renting to one long-term tenant.

In New Mexico, severe-weather and extreme-heat exposure factor into where a premium settles.

What you actually pay hinges on the property's rebuild cost, its location, your deductible, and the coverage you layer on for things like loss of income.

The only way to know your exact figure is a quick quote, which takes just a few minutes.

Short-term rental rules every New Mexico host should know

Whether you can host, and under what conditions, depends on where your New Mexico property sits, since short-term rental rules are written locally rather than statewide. See New Mexico's short-term rental regulations for a closer look.

You may run into caps on total rental days per year, limits on how many guests can stay, or a requirement to name a local contact who can respond to problems.

Rates and rules differ by city and county, so two properties in the same state can owe very different lodging taxes.

Even where insurance isn't strictly required, hosting without short-term rental coverage leaves you exposed to exactly the claims local rules are trying to prevent.