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Host damage protection, part of AirCover for Hosts, provides Hosts with $3 million in coverage in the rare event your place or belongings are damaged by a guest during an Airbnb stay. You're reimbursed for certain damage caused by guests to your home and belongings if the guest does not pay for the damage.
Your Host may request reimbursement If your Host believes that you're responsible for damage, missing items, or unexpected cleaning costs, they may send you a reimbursement request through our Resolution Center. You'll have 24 hours to respond. If you pay the full amount, the request will be closed.
When you submit a reservation request, we may place a hold on your payment method, called an authorization, for the full amount of the reservation. If your reservation is accepted, the authorization will turn into a real charge and the amount will be deducted from your payment account.
Ing to the Airbnb security deposit policy, guests don't have to pay the security deposit when they book a stay at your property. Instead, two days before arriving at the property, an authorization hold for the security deposit will be placed on the payment method that was used to book the accommodation.
What Is a Security Deposit? A security deposit is money that is given to a landlord, lender, or seller of a home or apartment as proof of intent to move in and care for the domicile. Security deposits can either be refundable or nonrefundable, depending on the terms of the transaction.