Damage waiver is a non refundable insurance in order to reduce deposit on base to 500€ (instead of 5000 € if no damage waiver). This can be 800 € instead of 8000 €, it depends of boat's size.
This amount of the deposit left on base is corresponding to the maximum client’s liability in case of damage.
The payment of either the Refundable Security Deposit, or the Damage Waiver, is designed to cover only one incident of a substantial nature at any one time: in case of loss or damage to equipment of significant value such as outboard engine or dinghy, the charterer will have the right to an immediate replacement whilst on charter, provided that the charterer pays a new Refundable Security Deposit immediately upon receipt of replacement or repair