The decision to charge a security deposit to guests is up to you. ShareCover does not require that policyholders have a security deposit on their property listing, and if you do have a security deposit on your property listing, this won’t affect how you claim with us.
Many recognised sharing economy platforms like Airbnb, Stayz, and TripAdvisor offer hosts the ability to charge a security deposit as part of their listing. Furthermore, Airbnb, as one example, provides guidance on how to add a security deposit to a listing and how Airbnb handles those security deposits, among other issues. Similarly, Stayz provides information on how to setup a default refundable damage deposit for online bookings, and how to claim this deposit.