Extra Insurance for the security deposit? What is this?

We strongly advise obtaining insurance in advance to cover the refundable security deposit amount, as sometimes accidents, damages and losses can happen, no matter how good a sailor one is or if one of our skippers is hired. One might accidentally lose the dinghy at sea or burn something in the galley whilst cooking.

For example, should you accidentally lose the dinghy and your security deposit is 2000€, this will be used to cover the cost for a dinghy replacement and you will be refunded the difference. So, if the cost for a new dinghy is 900€, you will be refunded 1100€. However, if you have insurance coverage for the 2000€, you can then make a claim to the insurance company and get them to refund you your full 2000€. If you have incurred no damage or loss, we will instruct our bank to release your security deposit amount that is being held.

Of course, it is up to you how you choose to proceed but we do advise opting for the small fee for the insurance coverage rather than the risk of losing all or part of the 2000€ deposit. 
You can obtain the insurance to cover your security deposit amount via Pantaenius (the Bond Insurance Plus package), Hamburger Insurance or your own insurance broker before your charter start date. It is up to you if you wish to obtain any other additional insurance.