What is a Security Deposit?

A yacht's Security Deposit amounts to the excess in her insurance policy, covering loss or damage to the yacht or her equipment. This amount is refundable and is notified for every yacht we offer. Return the yacht (and her equipment) in the same condition as you took her and your Security Deposit will be refunded in full. The cost of rectifying any damage or loss will be deducted and the balance refunded. Normal wear and tear is excepted.