Coverage options for hosts to protect their property from accidental damage caused by guests during a stay. This can be offered through rental platforms, insurance providers, or specialized security deposit alternatives.
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Glossary Term: Security Deposit
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Insurance or security deposit options that cover potential damages to the rental property caused by guests during their stay.
Guidelines or procedures established by hosts for handling delicate or valuable items within the rental property, ensuring their protection and minimizing the risk of damage.
Implementing measures to verify guest identities, assess risk factors, and mitigate potential issues related to security and property damage.
A system where rental payments from guests are held by a third-party platform (like Airbnb or VRBO) until after check-in, ensuring both guest and host protection.
Regulations governing unclaimed property, including security deposits, that short-term rental hosts need to be aware of to ensure compliance.
A program offered by some platforms like Airbnb that provides protection for hosts against damages caused by guests, subject to specific terms and conditions.
Documentation, such as photos, videos, or written reports, collected to support claims of property damage caused by guests during their stay.
Insurance or security deposit options that protect hosts from financial losses due to accidental damage or guest negligence during a booking period.
Insurance or a program offered by platforms like Airbnb and VRBO that safeguards hosts against potential damages to their property caused by guests, often replacing traditional security deposits.
A sum of money collected by a host from a guest before their stay to cover potential damages to the property.
A predetermined monetary value set by the host or platform that determines when a security deposit claim will be initiated for damages exceeding the threshold.