Most clients have heard of charter companies being unscrupulous in terms of falsely attributing damage and not returning deposits in full. As we know, staffing is everything. Sometimes, with clear and loyal office management, the base employees can be dishonest and attribute damage that was not done by you (but this is a question, rather, to the process of acceptance). So, how do you minimize potential risks?
Charter companies offer the following options:
Additional insurance (damage waiver) + reduced deposit
You purchase additional insurance, which, on average, is 10% of the full deposit and pay a reduced security deposit. For example, the full deposit amount is 3000 euros. You purchase additional insurance for €300 and pay a reduced refundable deposit of €600, thus limiting your liability to €600.
2. Additional insurance (damage waiver) + 0 deposit
You buy additional insurance and pay no refundable deposit at all.
We call this a non-refundable deposit. For example, the full deposit for a yacht is 3000 euros. You buy additional insurance for 400 euros and pay no deposit.
Not all companies offer such options.
In case the company cannot offer you damage waiver, you can insure the deposit with a specialized insurance company, however, in this case, you will have to pay the full amount of insurance and the full amount of the deposit. In case of damage, you collect a set of documents and about