352. Damage Waivers Explained: What They Cover (And What They Don't)

Damage waivers sound like free protection. But the wrong setup can shrink bookings instead of protecting a property. In this episode, we break down how damage waivers work, what they cover, and 1 alternative we recommend for properties with a lower nightly rate. How a damage waiver actually works, from claim to payout. The dollar range most damage waiver programs actually cover. What a damage waiver almost never covers, even with good documentation? Why a flat waiver fee can quietly price out a short stay? The alternative we recommend once ADR drops below a certain point. Thanks for spending this time with us today. If this helped clarify a booking policy question, subscribing and leaving a review genuinely helps this show reach more hosts working through the same decision. Check out our videos on YouTube: https://www.youtube.com/@ShortTermRentalRiches Grab your free management eBook: https://strriches.com/#tools-resources Looking to earn more with your property (without the headaches)? Chat with our expert management team: https://strriches.com/management-services/