You can delete the cancellation policy that applies to your property. However, if you do not set any cancellation policy in the system - this cancellation policy will be applied automatically to your property "Any cancellation received within 1 day prior to arrival date will incur the first night charge. Failure to arrive at your hotel will be treated as a No-Show and will incur the first night charge."
Here is the steps:
1. Sign in to your account
2. Select your listing and then click at Edit listing
3. Go to Cancellation
4. Select and expand the existing cancellation policy that you would like to modify
5. Click on the trash bin icon for any of the cancellations that you wish to delete 
and click OK
