When renting a yacht, you must pay a refundable security deposit before setting sail. The deposit typically ranges from 1500€ to 2500€ depending on the chosen package. This deposit is intended to cover the yacht’s excess insurance. You can pay the security deposit in cash or using a credit/debit card when you pick up the yacht. You cannot leave the port until the deposit has been paid in full.
Assuming you return the yacht in the same condition as you found it, with no loss or damage, you will receive a full refund of the security deposit. However, if you lose or damage anything on the yacht, the company will deduct the cost of repair or replacement from the security deposit before returning the remainder to you. In some cases, the company may also charge you for labour costs associated with the repair or replacement. If you lose something, it may be more cost-effective to replace it yourself before returning the yacht. Suppose the damage to the yacht exceeds the amount of the security deposit. In that case, the company will claim the yacht’s insurance policy, and you will not be held financially responsible for any additional costs.
It’s important to note that if the yacht is damaged due to the fault of another boat, you will still be held responsible for any damage until the other boat’s owner compensates the yacht owner for the damages.
