The handling and safeguarding of security deposits collected from guests to cover potential damages or violations of house rules.
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Glossary Term: Damage Protection
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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 document signed by guests authorizing the host to charge their credit card for incidentals, damages, or extra services.
A refundable amount collected by hosts to cover potential damages or losses that may occur during a guest’s stay.
A protection program offered by Airbnb that provides hosts with coverage for property damage caused by guests, subject to certain terms and conditions.