A type of insurance that protects property owners or managers from financial responsibility for injuries or property damage suffered by a third party (e.g., a guest) on their property. It typically covers legal defense costs and potential settlements.
The process of identifying potential risks and liabilities associated with short-term renting and implementing strategies to mitigate them, often a joint effort between property owners and legal professionals or insurance providers.
The responsibility of a short-term rental host or property manager to compensate for damages or injuries that occur on the property during a guest’s stay. Specific insurance policies for short-term rentals are usually required.
Specialized insurance coverage protecting hosts from liability claims arising from accidents, injuries, or property damage during events held at their rental property.