What is the No-Withholding Guarantee and how it works ?
At boatUnity, we understand that safeguarding your boat is a priority. That's why we've implemented a no-withholding guarantee system for you, boat owner.
The no-withholding guarantee is coverage designed to handle potential disputes in the case of minor damages during a reservation. These situations remain rare, but this guarantee saves you from unexpected expenses, covering what might not necessarily be supported by insurance.
- How It Works?
The concept behind the no-withholding guarantee is quite straightforward. When a renter confirms a booking, they contractually commit to covering any potential damages up to the amount of the security deposit waiver that you have set.
It's important to note that this amount will neither be charged nor blocked on the renter's payment method.
Their financial liability is thus limited to the amount of the waiver at the time of booking.
After the trip ends, if you notice minor damages, you have 14 days to initiate a dispute process.