Hey Gang:

I feel like this has been discussed before, but couldn't find it via search.

For a security deposit with our bareboat provider, there are two options. You can put down a refundable ~$6K and be liable up to that amount, or pay a non-refundable ~$60/day to 'buy down' the refundable deposit to ~$2.5K (and be liable up to that amount).

1. Is it worth paying ~$500 (via daily rate) to reduce your exposure from $6K to $2.5K?

2. Historically, how often have you had damage/issues on the bareboat trips you've taken over the years?

I realize that YMMV. I'm just hoping to hear what others do - and what logic others use to make that decision.

Thanks in advance!