Q. Is there a Security Deposit?

Q. Is there a Security Deposit?

A. The Reservation Deposit does not cover damage to the unit. The owners trust that you will take care of their home away from home as if it were your own. You can make an additional $500 Security Deposit or purchase a Damage Waiver. With the Damage Waiver, a nonrefundable fee based on the units size is billed to each reservation. Upon final payment of reservation, the original $500 Reservation Deposit is applied to the balance due. If the guest rents an accommodation and the guest accidentally (definition: an unexpected and unintended event that causes property damage) damages any real or personal property, the damage waiver reimburses the private property owner or management company for up to $1,000.00. Intentional damage is not covered. Any accidental damage over $1,000.00 is the responsibility of the guest and the guest agrees that any amounts over $1,000.00 will be charged to their credit card. (Most homeowners insurance policies would cover this under “Property Damage to others”.)