First time vrbo user, wtf is this mandatory damage protection?

I’m forced to pay a non-refundable fee of $119, or a $5,000 (FIVE THOUSAND DOLLARS) refundable fee. Wtf??

I’m NEVER going to pay an up front fee of $5,000 when a host could easily make something up to claim the full amount, but the alternative is to pay an extra $119?? I’ve stayed at nearly 100 airbnbs, and I have NEVER heard of something like this. WTF