No, and the gap is in the part most hosts assume is there.
The liability side looks alike. Each platform comes with a large amount of liability protection when a guest gets hurt on a stay and you’re held responsible.
Damage to your own place is where they split. Airbnb’s AirCover includes damage protection for your home and belongings when a guest breaks something. Vrbo’s built-in protection is liability only. If a Vrbo guest ruins the sofa or floods a bathroom, that isn’t what it’s for. Vrbo leaves it to a damage deposit you set, or a damage plan the guest can choose to buy at checkout, and plenty of guests skip it.
Each one only follows its own bookings. A Vrbo stay gets Vrbo’s protection and an Airbnb stay gets Airbnb’s. A direct booking gets neither. We went through the Airbnb side in our post on AirCover and a pool.
Neither one is your policy. These are the platforms’ own programs. You don’t pick the terms, and the claim runs through their process.
Vrbo expects you to have your own insurance. Its host terms put that on you, and an ordinary home policy rarely counts once you’re renting short term.
If you list on both sites, the simpler answer is one policy that covers every booking no matter where it came from. That’s the job of a dedicated rental policy. It also covers the weeks nobody is staying there, which neither platform does.
As brokers we set these up for hosts in a lot of places. Our page on Florida rental coverage shows how one works in a storm state.