Securing comprehensive insurance policies specifically designed for short-term rental properties, covering liabilities, damages, and potential risks.
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Glossary Term: Host Protection
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A program offered by some platforms like Airbnb that provides protection for hosts against damages caused by guests, subject to specific terms and conditions.
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.
A program offered by some property management companies or platforms that guarantees a certain level of rental income to hosts, regardless of actual occupancy rates.
A predetermined monetary value set by the host or platform that determines when a security deposit claim will be initiated for damages exceeding the threshold.
Insurance or a program offered to hosts or guests to cover accidental damages to the property during a guest’s stay, providing financial protection.
A formal request made by a guest or host to Airbnb or VRBO for financial reimbursement due to damages, injuries, or other issues covered by their respective insurance or guarantee programs.
Airbnb’s comprehensive protection plan for hosts, covering property damage and liability claims up to specific limits.
The set of rules and guidelines that determine the terms and conditions for canceling bookings on the Airbnb platform, outlining refunds and penalties.
Methods of resolving disputes between short-term rental hosts and guests outside of court, such as mediation or arbitration, often facilitated by platforms like Airbnb or VRBO.
Specialized insurance coverage designed for short-term rental properties, protecting hosts from liabilities related to property damage, accidents, and liability claims.