A statement disclosing whether the property is located within a designated flood zone, required by some jurisdictions for transparency and risk management.
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Glossary Term: Risk Management
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Methods used by hosts or property managers to vet potential guests and minimize the risk of problematic bookings, such as background checks and ID verification.
Security measures implemented by hosts or property managers to vet potential guests and mitigate risks associated with unauthorized parties, property damage, or other undesirable activities.
Specialized insurance coverage designed to protect hosts of short-term rentals from liability claims arising from accidents, injuries, or property damage that may occur on their property.
Implementing security measures and policies to prevent fraudulent bookings, payments, and activities associated with short-term rentals.
A preventative measure employed in short-term rentals to mitigate water damage risks, typically involving the installation of overflow sensors or alarms connected to smart home systems or water shut-off valves.
A comprehensive list of safety checks and maintenance procedures for all equipment provided in a short-term rental, ensuring guest safety and minimizing liability risks.
Updating the information regarding safety amenities provided in a short-term rental, like smoke detectors, carbon monoxide alarms, or security systems, to reassure guests and comply with regulations.
The strategy of generating income from multiple short-term rental properties or platforms to mitigate risk and potentially increase earnings.
Specialized insurance coverage designed to protect short-term rental businesses from risks associated with online operations, such as cyberattacks, data breaches, and online liability claims.
The process of verifying guest identities and assessing their suitability for a rental property to mitigate risks.
The extent of financial protection provided by a cyber liability insurance policy, covering specific cyber risks and losses related to short-term rental operations.