Obtaining adequate insurance protection for a short-term rental property, including coverage for property damage, liability, and potential guest injuries.
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Glossary Term: Property Insurance
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A type of property insurance that protects against damage from events like fire, windstorms, and hail, often required by mortgage lenders and recommended for short-term rental owners.
Specialized insurance policies designed to cover the unique risks associated with short-term rentals, including property damage, liability claims, and lost rental income.
A type of insurance policy that provides financial protection to landlords or property owners in case a short-term rental guest needs to be legally evicted, covering potential lost rental income and legal expenses.
A type of insurance policy that protects the physical structure of a short-term rental property from covered perils such as fire, windstorm, or vandalism.
The maximum amount an insurance policy will pay out for damages or losses to the physical structure of a short-term rental property.
The amount a property owner is responsible for paying out of pocket before insurance coverage kicks in for damages to the structure of a short-term rental.