The RVshare Rental Insurance deductible is collectible from the renter’s security deposit.
The purpose of the security deposit is to either:
- Reimburse the owner of the RV for minor damages sustained during a rental that do not qualify as an insurance claim
- Pay them for the deductible if filing a claim is necessary
For this reason, some owners set the security deposit for their rentals at $1,500 to match the RVshare Rental Insurance deductible. While this is entirely optional, it makes both the checkout process and claims process much smoother.
If an insurance claim has been filed and a deductible is owed, we will withhold the necessary funds from the security deposit and process the additional amount necessary to meet the $1,500 deductible. The deductible amount will then be released to the owner.