more
Insolvency insurance
Does your charter agency also provide you with a cover certificate? Does the cover certificate also include insolvency of the foreign charter office?
Many charter companies conclude hire agreements where there is no obligation to have compulsory insurance against insolvency because the charter operator is not deemed to be a tour operator (the usual cover certificate is not provided). This insurance gap can be closed with our insurance against insolvency:
This means your money remains safe where the charter yacht operator becomes insolvent.
The insurance against insolvency can only be arranged in combination with our travel cancellation costs insurance. The following table sets out the premium supplements:
| Travel price/ Charter fee (in EURO) | Cancellation of travel Curtailment of travel insurance |
incl. insolvency |
| up to 1,000.00 | 41.00 EURO | 55.00 EURO |
| over 1,000.00 up to 1,500.00 | 59.00 EURO | 83.00 EURO |
| over 1,500.00 up to 2,000.00 | 78.00 EURO | 102.00 EURO |
| over 2,000.00 up to 3,000.00 | 115.00 EURO | 147.00 EURO |
| over 3,000.00 up to 4,000.00 | 151.00 EURO | 190.00 EURO |
| over 4,000.00 up to 5,000.00 | 186.00 EURO | 230.00 EURO |
| over 5,000.00 up to 6,000.00 | 219.00 EURO | 268.00 EURO |
| over 6,000.00 up to 8,000.00 | 286.00 EURO | 355.00 EURO |
| over 8,000.00 up to 10,000.00 | 351.00 EURO | 440.00 EURO |
| The stated premiums include statutory insurance tax and charges. | Important: The full cost of travel must always be insured. Where the Charterer only insures the sum of EUR 1,000.00 but the travel costs EUR 1,050.00, the insurance will be null and void. The aforementioned premiums apply for up to 8 people. 9-12 persons can be insured for one sailing trip. | |