# Security deposit (Renters)

> For all bookings a security deposit is held on your card to cover any incidental costs damages or lost items Please complete the    checkin and checkout f

Source: https://support.boatsetter.com/en_us/security-deposit-renters-ByqWLysho

Last updated: 2025-11-20T19:04:57.407Z

For all bookings, a security deposit is held on your card to cover any incidental costs, damages, or lost items. Please complete the [check-in and check-out process](https://support.boatsetter.com/hc/en-us/articles/203439894-Check-in-and-check-out) with the owner or captain to verify the vessel’s condition and detail any damages that took place during the booking. 

For bookings accepted less than 48 hours prior to the booking start time, the security deposit hold will be authorized in conjunction with the total booking [payment](https://support.boatsetter.com/en_us/payment-schedule-SJFWL1ihs).

## **Vessels under the Buoy Peer-to-Peer Insurance Policy**

A minimum $500 security deposit hold (not a charge) will be placed on your credit card 48 hours before the booking starts to cover any incidental damage that may occur during your rental. This hold is released 48 hours after the booking is complete, if no damages are reported. The hold will appear on your statement as a pending transaction. Once the hold is released, the pending transaction should disappear from your statement.

You are liable for up to $5,000 in damages, including the initial security deposit. If [damage is reported](https://support.boatsetter.com/en_us/claim-process-for-lost-or-damaged-items-B1WG8yi2s), your deposit will be charged until the claim investigation has concluded. If the repair costs are more than your captured deposit, your card on file will be charged the difference. Any funds unused from the deposit or the deductible to cover damages will be refunded upon completion of the investigation.

## **Vessels under the owner’s commercial insurance policy**

A security deposit hold (not a charge) will be placed on your credit card 48 hours before your booking starts to cover any incidental damage that may occur during your rental. This hold is released 48 hours after the booking is complete, if no damages are reported. The hold will appear on your statement as a pending transaction. Once the hold is released, the pending transaction should disappear from your statement.

If damage is reported, your deposit will be charged until the claim investigation has concluded. The security deposit amount will appear on the listing and is outlined during the checkout process. 

**_Please note: It may take 10 or more days for the release of your security deposit to be reflected on your statement._**