Insurance Glossary
Vacation Rental Insurance policies can contain technical industry terms that make reading a challenge. To avoid confusion, the carrier as created the following list of definitions for a number of industry terms and phrases.
The following definitions are provided for informational purposes only. Please refer to your Vacation Rental Insurance Policy or Certificate of Insurance for definitions and coverages specific to your Policy/Certificate.
Out Clean Fee
A certain amount above and beyond the rental rate that is charged to renters to cover the cost of cleaning the property after departure.
Origin: Vacation Rental Association
PayPal
A fast and convenient online payment service. People like the convenience of this service since money is transferred automatically over the internet, directly from their credit card or personal checking account.
Origin: Redstone Systems
PayPal
A fast and convenient online payment service.
Origin: Plumbob Publishing
Per Person Pricing (PPP)
Often used for Vacation Rental homes, a pricing model where a minimum nightly rate is set for a property allowing a base or normal number of occupants. Guests pay an additional fee for each guest over the normal, up to a maximum number of guests allowed in the property. The additional fee is often much higher for unapproved guests.
See also: Dynamic Rates Origin: Istay
Physician
A person licensed as a medical doctor by the jurisdiction in which he/she is resident to practice the healing arts. He/she must be practicing within the scope of his/her license for the service or treatment given and may not be you, a Traveling Companion, or a Family Member of the guest.
Origin: CSA Travel Insurance
Pre-existing condition
An illness, disease, or other condition during the 180-day period immediately prior to the effective date for which the guest is scheduled or booked to travel (1) Received, or received a recommendation for, a diagnostic test, examination, or medical treatment; or (2) Took or received a prescription for drugs or medicine. * Item 2 of this definition does not apply to a condition which is treated or controlled solely through the taking of prescription drugs or medicine and remains treated or controlled without any adjustment or change in the required prescription throughout the 180-day period before coverage is effective under this Policy.
Origin: CSA Travel Insurance
Pre-existing condition exclusion
May apply to specific coverages. Please refer to the Policy/Certificate of Insurance for details.
Origin: Vacation Rental Association
Pre-Existing Condition Exclusion Waiver
May apply to specific coverages. Certain requirements apply. Please refer to the Policy/Certificate of Insurance for details.
Origin: Vacation Rental Association
Reservation Deposit
A certain amount of money collected upon booking that validates the rental contract. The reservation deposit can convert automatically in a damage deposit.
Origin: Vacation Rental Association
Resort View
When guests can see some or all of the resort they are staying in, from some area of the property, not necessarily from all area of the property.. May include Full, Partial or Peekaboo Views
See also: View, Beach View, City View, Mountain View, Water View Origin: Vacation Rental Association
Scheduled Departure Date
The date on which a guest is originally scheduled to leave on a trip.
Origin: Vacation Rental Association
Scheduled Return Date
The date on which guest is originally scheduled to return to the point where the Covered Trip started or to a different final destination.
Origin: Vacation Rental Association
Scheduled trip departure city
The city where the scheduled trip on which the guest participates originates.
Origin: Vacation Rental Association
Self Catering
A term sometimes used for vacation rentals primarily in Europe, South Africa, Australia, and New Zealand. Also applies to furnished apartments without an onsite cook.
Origin: Vacation Rental Association
Setting
The type of area in which a property is located. Such as at the Beach, in the Mountains, part of a Resort or in the City.
Origin: Vacation Rental Association
Sickness
An illness or disease of the body which: (1) Requires examination and treatment by a Physician; and (2) Commences while the plan is in effect.
Origin: Vacation Rental Association
Ski-In Accommodations
Building, rooms or living units in a ski resort area where guests can ski to the building or reasonably close to it. Could require guests to remove skis to access the building or its grounds. Not necessarily down hill to the building but access would usually be without major obstacles between the slopes and the accommodations.
See also: Ski-Out Accommodations, Ski-In Ski-Out Accommodations Origin: Vacation Rental Association
Ski-In and Ski-Out Accommodations
Building, rooms or living units in a ski resort area where guests can get out to access the ski lifts and return from the ski lifts directly from the slopes. Could require guests to walk short distances to reach snow. Not necessarily down hill to and from building to the slopes but access would usually be without major obstacles between the slopes and the accommodations.
See also: Ski-In Accommodations, Ski-Out Accommodations Origin: Vacation Rental Association
Ski-Out Accommodations
Building, rooms or living units in a ski resort area where guests can get out to access the ski lifts. Could require guests to walk short distances to reach snow. Not necessarily down hill from building to the slopes but access would usually be without major obstacles between the slopes and the accommodations.
See also: Ski-In Accommodations, Ski-In and Ski-Out Accommodations Origin: Vacation Rental Association
Spa/Pool Heating Fee
A certain amount above and beyond the rental rate charged to renters wishing to use the heater on your pool or hot tub.
Origin: Vacation Rental Association