483. Are You Actually Covered? What Hosts Need to Know About Insurance with Darren Nix from Steadily

Thanks For Visiting

Airbnb Superhosts Annette Grant & Sarah Karakaian

Society & Culture, Places & Travel, How To, Business, Education, Investing

4.9 • 590 Ratings

🗓️ 24 July 2025

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week on Thanks for Visiting, we’re joined by Darren Nix, founder and CEO of Steadily, one of the fastest-growing landlord insurance companies in the U.S.

Darren’s story starts with a personal loss—his investment property burned down—and what followed was an eye-opening crash course in everything not to do when dealing with insurance. That experience inspired him to launch a company designed for landlords, by landlords.

In this episode, Darren shares the biggest mistakes he sees hosts make when it comes to insurance, the real risks that lead to major claims, and how to make sure you're actually protected—not just hoping you are.

In this episode, we cover:

What Aircover does (and doesn’t) cover
The most common (and costly) insurance claims for STRs
Why “actual cash value” could be a trap
How to know if your property is underinsured
When to consider an umbrella policy
What questions to ask your insurance agent
Why waivers might not protect you in court
The difference between risk and fear when choosing coverage

Whether you’re just getting started or scaling your portfolio, this episode will help you make smarter, more confident insurance decisions.

Resources:

Steadily – Landlord insurance built for real estate investors.
STRShare.com – Submit your property for a chance to be featured.

Mentioned in this episode:

Quiz | Take our quiz to reveal your hosting personality style!

Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!

StayFi | Go to www.stayfi.com and enter TFV to get 50% off your first three months.

Transcript

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0:00.0	Can we make you a personalized podcast playlist? Head on over to thehostquiz.com, answer seven easy
0:08.0	questions, and get a unique to your hosting biz playlist of thanks for visiting podcast episodes
0:14.4	to help you smash your goals. The action plan and strategies that will elevate your business
0:19.1	is one quick quiz and a set of headphones
0:21.8	away. Again, head to thehostquiz.com and take our quick hosting quiz today.
0:32.7	You're listening to the thanks for visiting podcast. We believe hosting with Heart is at the core of every
0:38.7	short-term rental with Annette's background in business operation. And Sarah's extensive
0:43.5	hospitality management and interior design experience, we have welcomed thousands of guests
0:48.5	from over 30 countries earning us over a million dollars and garnering us thousands of five-star reviews.
0:55.7	We love sharing creative ways for your listing to stand out, serve your guests, and be profitable.
1:02.2	Each episode, we will have knowledgeable guests who bring value to the short-term rental industry.
1:07.0	Or we will share our stories of our own experiences so you can implement actual improvements to your rentals.
1:13.9	Whether you're experienced new or nervous to start your own short-term rental, we promise you'll feel right at home.
1:21.6	Before we dive into the content, let's hear a word from our sponsor.
1:27.1	Want to stop giving away money in Airbnb and verbo fees and actually own your guest relationships?
1:35.2	You don't need to be a tech wizard to make it happen.
1:38.1	We use Stafi and it's been a total game changer for our direct booking strategy.
1:43.0	Every time a guest connects to the Wi-Fi,
1:45.4	Stafi captures their name, email, and phone number automatically. No awkward asks, no
1:51.6	spreadsheets. Just verify data you can actually use. And here's what's wild. We send just one
1:57.3	email a month to our email list and we always get two to three direct bookings from it.
2:02.8	And that's barely scratching the surface. Imagine what a weekly newsletter could do.
	...

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