What is a Security Deposit?

• Purpose: It provides peace of mind to lenders by serving as a holding charge on the renter's card throughout the rental period.
• Charging: The deposit amount is charged upfront and released once the item is safely returned.
• Conditions: HURR reserves the right to charge this deposit if there are reported issues like damage, loss, or other concerns during the rental period.

Setting Up a Security Deposit:

• Amount: Lenders can choose the deposit amount, typically recommended at 20% of the Retail Rental Price (RRP).
• Flexibility: The exact amount is at the lender's discretion, providing FLEXibility to cater to different item values and conditions.

Additional Protection:

• Damage Protection Add-on: This optional add-on covers minor damage repairs, offering renters further assurance during the rental period.

If you have any questions, just reach out! We're always happy to support you feeling reassured as Lender on HURR.