A clause in an insurance policy that prevents the insurance company from suing the renter for damages they have already covered for the property owner.
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Glossary Term: Insurance
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Insurance coverage specifically designed to protect short-term rental hosts from financial losses caused by water damage to their property.
The management of all financial aspects of a vacation rental property, including income, expenses, taxes, and insurance.
Identifying potential hazards and liabilities associated with renting out a property, such as property damage, liability claims, and legal disputes.
A type of insurance policy that provides coverage for events held at a specific venue, such as a short-term rental property, and may be required by some platforms or local regulations.
Specialized insurance policies designed to protect short-term rental hosts from liabilities and damages specific to the sharing economy, covering property damage, liability claims, and income loss.
Specialized insurance policies designed to protect short-term rental property owners and managers from liability and property damage.
A specialized type of insurance that covers property damage caused by tsunamis, often required for coastal properties listed on short-term rental platforms.
A type of insurance that provides financial protection against property damage or loss caused by a tsunami.
Insurance or security deposit options that protect hosts from financial losses due to accidental damage caused by guests.
A type of insurance that protects travelers and hosts from financial losses due to unexpected events, such as trip cancellations, medical emergencies, or property damage.
Optional insurance offered by platforms like Airbnb and VRBO, providing coverage for hosts and guests in case of unexpected events like cancellations, damage, or liability claims.