A refundable amount collected from guests before their stay to cover potential damages to the property. It is typically managed through the booking platform.
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Glossary Term: Property Protection
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A refundable amount collected from guests at the time of booking to cover potential damages to the property during their stay, managed through platforms like Airbnb and VRBO.
A set of guidelines and expectations communicated to guests before booking to ensure a safe and respectful environment for both guests and hosts.
A documented plan outlining procedures and resources to ensure guest safety and property protection in the event of emergencies, such as natural disasters or medical situations.
Hungarian term for “Property Insurance,” emphasizing the importance of specialized insurance coverage for short-term rental properties to mitigate potential risks.
Insurance coverage specifically designed for small businesses, including short-term rental operators, protecting against property damage, liability claims, and other business risks.
A refundable amount collected from guests before their stay to cover potential damages or extra cleaning costs beyond normal wear and tear.
Specialized insurance coverage designed to protect hosts from liabilities and property damage specifically associated with short-term rentals.
Securing appropriate insurance policies specifically designed for short-term rental properties to cover liability, property damage, and business interruptions.
Setting refundable security deposit amounts to mitigate potential damages while adhering to platform guidelines and local regulations.
Measures taken to ensure the safety and security of a short-term rental property, including guests, belongings, and the property itself. This can include security systems, locks, lighting, and safety protocols.
Measures taken by hosts to protect their property from potential damage caused by guests, including security deposits, insurance policies, and clear house rules to minimize risks.