The security deposit is the magical money set aside to cover your rear should something go wrong. You decide how much this refundable deposit should be and collect that amount before allowing anyone to rent your RV.
The security deposit should cover mileage and generator overages, as well as any interior damage that may occur while a renter is using your RV. It can also be used to help with the insurance deductible in case you need to file a claim. If the security deposit doesn’t cover the trip overages or damages, Outdoorsy can charge the renter’s card on file once you provide us with the quote and/or receipt for the additional charges.
If you don’t already have a number in mind, we recommend charging somewhere between $500 and $1500 for the deposit. A higher deposit offers more protections, but be cautious about driving customers away. Consider the value of your vehicle: If you have a Class A luxury RV, you may want to charge a higher deposit then if you have a pop-up trailer.
If your RV is returned and you need to dip into some or all of the deposit, be sure to claim that money within 7 days. You can manage this from your dashboard by selecting the reservation details and clicking “Manage Security Deposit”. If you don’t do anything, the deposit money gets automatically returned to your renter seven days after the return of the rental.