Insurance or a program offered to hosts or guests to cover accidental damages to the property during a guest’s stay, providing financial protection.
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Glossary Term: Insurance
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The process of addressing and resolving issues or disputes arising from guest stays, such as property damage, security deposit deductions, or liability claims, typically involving communication and negotiation between hosts, guests, and potentially insurance companies or platforms like Airbnb and VRBO.
A type of insurance policy that provides coverage for businesses against claims of bodily injury, property damage, and personal injury.
Insurance that protects the physical assets of a business, such as the building, equipment, and inventory, from covered perils like fire, theft, and natural disasters.
A type of insurance that covers lost income and expenses if your business is interrupted by a covered event, such as property damage or natural disaster.
Insurance products or services that offer coverage for accidental damage caused by guests during their stay, providing financial protection for hosts.
Strategies and measures taken to safeguard personal and business assets from potential liabilities and lawsuits. This is particularly important for short-term rental owners who may face risks associated with property damage or guest injuries.