Insurance policies or security deposits designed to safeguard hosts from financial losses caused by accidental damages, leaks, or other unforeseen events.
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Glossary Term: Host Protection
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A situation in a short-term rental where the safety or security of guests, property, or others is in immediate danger, justifying immediate action like guest eviction or contacting authorities.
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.
A security measure used by platforms like Airbnb and VRBO to confirm the identity of hosts and guests, often involving government-issued ID and/or facial recognition.
Obtaining comprehensive insurance coverage specifically designed for short-term rental properties, protecting hosts from potential liabilities and damages.
Protection programs offered by platforms like Airbnb to cover hosts for potential damages or losses caused by guests during their stay, subject to specific terms and conditions.
Specialized insurance policies designed to cover the unique risks associated with short-term rentals, such as property damage and liability.
The terms and conditions that outline the penalties or refunds associated with guest cancellations, protecting both hosts and guests.
A set period after a booking is canceled when the host may be able to receive a partial or full payout, depending on the platform’s cancellation policy.
Insurance coverage that protects hosts from financial responsibility in case of guest-related incidents or damages. This type of protection can provide peace of mind and financial security.
Insurance coverage that protects hosts from financial losses due to property damage, accidents, or liability claims.
Specialized insurance coverage designed to protect hosts of short-term rentals from liability claims arising from accidents, injuries, or property damage that may occur on their property.