For listings with a Replacement Value up to $5,000, you can choose to rent using our Security Deposit option.
When you book a rental using this option, an authorization hold will be placed on your card for the full Replacement Value of the listing, as well as the cost of the rental itself.
Upon return of the equipment and completion of rental, your deposit will be returned in full, provided there is no damage or missing items reported.
If damage or missing items are reported, or if the equipment is stolen, the value of the repair or replacement will be deducted from the Security Deposit, with the renter's consent.
The other coverage options on ShareGrid do not require a deposit.