Insurance covering mortgage payments if the homeowner/host becomes unable to work, providing financial security for short-term rental property owners.
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Glossary Term: Financial Security
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A type of insurance that protects both hosts and guests from financial losses due to unforeseen events like trip cancellations, medical emergencies, or property damage.
Adjusting the terms and conditions under which guests can cancel their reservation, ranging from flexible to strict, impacting both guest booking behavior and host income stability.