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Determining the No-Withholding Guarantee Amount
As a boat owner, you have the freedom to set the no-withholding guarantee amount for your bookings. To foster trust with your renter, it is recommended to set this amount at approximately 20% of the total reservation price. This percentage is a guideline to balance security for you and a fair offer for your guest.
Why this amount matters
A well-balanced guarantee demonstrates your professionalism and reassures potential renters. It creates transparency while protecting you against damages or unforeseen events. Keep in mind that setting the guarantee too high might discourage bookings, while too low might seem careless.