Operating your rental like a business is mandatory to protect you, your ROI, and your property.Hope this helps...

I’m wondering how I can protect myself if they somehow rack up the bills/ abuse the policy. 

So your saying select No Damage Protection and just submit an extra charge when it's warranted? 

Curious how this will play out in the courts (granted it's LTR) and affect pricing products used for STR such as PriceLabs (which I use but have to seriously manually adjust for very specific reasons). I'm aware that ...

I will preface this with the fact that I have a legal background, specifically with estate planning and asset protection.

It’s all about what will draw guests in and make them choose your listing over others.2️⃣ Standout Amenities: Rentals that offer something extra, like a hot tub, game room, or eye-catching design, often attract more bookings and higher rates.

We don't have them recorded, just signed as another layer of protection. 

Asset Protection Trusts don't protect assets?  

Some level of protection will almost certainly be provided as opposed to some sort of outright ban.  

They acted quickly and in your best interest to protect the property and your tenant. $2,000 is about the going rate in my market.2.