Not all damage protection works the same way. The biggest differences are who provides the coverage, who decides claims, and who controls the rental.
Airbnb AirCover
AirCover is included with Airbnb bookings and funded through Airbnb's booking fees. Airbnb administers its own damage claims and determines claim outcomes. While its liability coverage is insurance-backed, its damage protection is not an insurance policy.
Renter-paid Damage Waivers
Damage waivers are typically purchased by the tenant through a booking platform. Coverage is standardized and designed to support the platform's booking process rather than your property's specific needs.
Damage Protection Plan
The Damage Protection Plan is purchased by you, the landlord. You choose the coverage that fits your property, and both damage and liability coverage are backed by insurance.
Claims are reviewed by a licensed third-party claims administrator, not Furnished Finder or a booking platform, giving you an independent claims process.
You also keep control of your lease, tenant screening, and rent collection. As with any protection plan, you're responsible for enforcing your lease. For example, pet damage is covered for pet-friendly properties, but unauthorized pets are considered a lease violation.
Bottom line: The Damage Protection Plan gives you independent, insurance-backed coverage that's designed around your property.