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.
Glossary Term: Property Damage
A legal venue for resolving disputes, typically involving smaller amounts of money, that may arise between hosts and guests, such as property damage or unpaid fees.
Extreme cases of guest misconduct that result in significant damage to the property, requiring extensive repairs, legal action, or insurance claims.
The process of identifying potential risks associated with short-term rental operations (e.g., property damage, liability claims, legal disputes) and implementing strategies to mitigate those risks.
Specialized insurance coverage designed for short-term rental properties, offering protection against risks like property damage, liability claims, and loss of rental income.
Exploring insurance policies specifically designed for short-term rental properties, covering potential risks not typically included in standard homeowner’s or landlord’s insurance.
Specialized insurance coverage designed for short-term rental properties, providing protection against liability claims, property damage, and business interruptions.
Insurance or security deposit alternatives that offer financial protection for hosts in case of damages caused by guests during their stay.
The process of identifying potential hazards and evaluating the likelihood and severity of their impact on a short-term rental business, including property damage, liability issues, and guest safety.
Securing insurance policies tailored to the specific regulations and requirements of the jurisdiction where the short-term rental property is located.
A type of insurance that protects short-term rental hosts from financial liability in case a guest is injured on their property.
Insurance or security deposit coverage that protects hosts from financial losses due to accidental or intentional damage caused by guests to the rental property.