How does VRBO handle security deposits?
Asked a year ago
VRBO handles security deposits by offering options for both hosts and guests. Hosts can choose to require a security deposit from guests as a protection against damages or violations of rental terms. This deposit amount is determined by the host and can be set in the property's listing. VRBO also provides a Damage Protection program for hosts, which covers accidental damages caused by guests during their stay. As for guests, they may choose to purchase Vacation Rental Damage Protection insurance offered by VRBO, which can provide coverage for accidental damages up to a certain amount. If there are no damages or violations, the security deposit is fully refunded to the guest within a specific timeframe determined by the host. VRBO ensures a fair handling of security deposits to provide peace of mind for both hosts and guests.
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