IDP - Incidental Damage Program
Bald Head Island
Intracoastal Vacation Rentals on Bald Head Island hosts vacationers who take care of the homeowner`s investment. We are pleased to welcome so many repeat guests each year. We know that intentional, malicious damage is an extremely rare occurrence. At the same time, experience also tells us accidental damage can and will happen. Included in your rental payment is our Security Deposit Waiver Insurance Plan (SDW). Offering this plan means a security deposit is not required to secure your vacation home. The benefit is that each vacationer is encouraged to let us know when accidents do occur so a claim can be filed on behalf of the vacationer and hopefully will mean no out of pocket costs. The plan is issued through Red Sky Insurance.
The plan is subject to the provisions of the policy and the maximum benefit of $5,000.00 the SDW will reimburse Intracoastal Realty for the repair or replacement of property that is inadvertently damaged during Tenant`s stay. The Guest Lease Agreement outlines that the Tenant acknowledges receipt of the Description of Coverage for the SDW, and Tenant has read and understands the terms, conditions, limitations, and exclusions thereof. The tenant is relying solely on the contents of said Description of Coverage with respect to the benefits and operation of said SDW, and not on the description contained herein or on any statements made by Intracoastal Realty, its representatives or employees. Tenant understands and agrees that any damage to the Property, its furniture, furnishings, appliances, vehicles, or equipment, or any missing property, must be reported to Intracoastal Realty immediately, but in no event later than seventy-two (72) hours after Tenant check-out. Failure to timely report damage or missing property will result in denial of coverage under the SDW, and the Tenant shall be personally liable for the full cost of repair or replacement. If unreported damage or missing property is discovered at or immediately after Tenant`s departure from the Property, or if a claim for damage or missing property under the SDW is denied for any reason, or if the cost of repair or replacement of damaged or missing property exceeds the maximum benefit under said SDW, then in any of those cases, Tenant will be issued an invoice for the difference. Intracoastal Realty reserves the right to charge the renter`s credit card for any damages found, as permitted under N.C. Statute. For information about the SDW policy and coverage click here.