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What is a security deposit and why is it necessary?

The security deposit is collateral against unforeseen circumstances and is paid in advance of the rental. It serves a two-fold purpose; it acts as the insurance deductible should damage to the RV require a claim and when the RV is returned, any charges, such as fuel refill, propane refill, extra cleaning, additional mileage, extra days, damage, will be deducted and the balance returned to the renter. It is understood that the security deposit is set to cover normal charges, but should charges, incurred by the renter, exceed the security deposit the renter is responsible for any overage. Charges are not arbitrary; they are identified and discussed with the renter when the RV is returned at the end of the rental period.

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