This is a non negotiable figure, that needs to be authorised on a credit card. The amount will not leave your account, however will be accessible if the boat comes back with damage, and taken in proportion to the damage done, if you did not take out insurance.
I have used Hinde and Kitch on three occasions now and they have never disappointed. They go above and beyond to help with whatever is needed. Their guidance and professionalism is unparalleled, finding the perfect boat for our group and suggesting three fantastic spots for our holidays. We even got a yacht upgrade last year!