What happens if a guest causes damages that exceed the value of the security deposit?

Yamil0
Level 2
Viña del Mar, Chile

What happens if a guest causes damages that exceed the value of the security deposit?

I'm considering renting to a new user, who by the way has no verification and no reviews. I plan to ask him for a $300 security deposit. 
My questions is; what if there are damages worth more than the value of the deposit? Am I able to ask airbnb to charge their card for the actual total to repair/replace damages?

thanks,

Yamil

1 Reply 1
Carol0
Level 3
Seattle, WA

That's what the AirBnB 1,000,000 insurance policy is for.  From what I have read, you need to have very clear documentation to prove your case if something like that happens. So frequently updating photos of your place with all the items you're worried about would help. However, most hosts I'm sure don't bother and basically you're taking on huge risk for huge gain.