Deductible coverage and more bookings through this flexible option.
How it works:
- At check out, a renter can opt to purchase the Security Deposit Waiver instead of the Security Deposit
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- The Security Deposit Waiver offers coverage up to $1,500 for eligible covered damages toward the insurance and protection deductible the renter selected.
- If there is damage, the Security Deposit Waiver will be processed up to $1,500 for eligible covered damages. The amount of coverage is determined by the deductible amount of the Insurance and Protection package selected by the renter.
- Regardless of which option the renter chooses, the process for reporting and handling damages and overages will stay the same.
- Any damages that exceed the deductible for the Insurance and Protection package will result in an Insurance and Protection claim.
- You have full control over the Security Deposit Waiver setting and can opt your listing(s) out at any time on the Rates section of your Dashboard.
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How to find the steps to opt in or out of the Security Deposit Waiver:
- Login to your Dashboard and visit the Listing tab
- Select “Update Rates”
- Scroll down to the Security Deposit Options section
- Adjust your Refundable Security Deposit and opt in or out of the Security Deposit Waiver.