Secure your deposit
Charter yachts usually have fully comprehensive hull insurance. The charter company and its insurance company will usually have agreed a deductible (retention) payable in the event of damage occurring.
The deductible normally corresponds to the security deposit paid by the charterer.
If damage is sustained by the yacht during the sailing trip, the charter company is entitled to retain all or part of the security deposit paid. This guarantee insurance for charter security deposits cover this financial risk. Our insurance for charter deposits does not require payment of a deductible.
The maximum amount of the insurer`s guarantee payment is limited to the security deposit actually paid. Deposits over € 10,000.-- (maximum guarantee amount) can only be insured by telephone call be (+49 40 369 849-49). The deposit sum insured may not be less than the actual deposit paid. The selectable guarantee insurance premiums all refer to a charter cruise up to 56 days. For longer trips please call us.
Loose equipment required to operate the yacht, such as fenders, winch handle, sails, lines, anchors, life rafts, etc., is covered by the deposit insurance. Surfboards, SUPs and dinghies can be insured for the dinghy premium of EUR 20,00, provided no extra deposit is required for this equipment. Other equipment provided as part of the charter contract, such as diving equipment, Seabobs, bananas, water ski equipment or drones, can be insured on request.
Please note:
- We are sorry but according to insurance problems we are not allowed to cover American, Canadian, Russian and Ukrainian citizens. Thanks for your understanding.
- This insurance is NOT available to charterers residing in the European Union, Liechtenstein, or Iceland. Please follow this link if you reside in one of these countries.
- The warranty certificate will be issued to you as soon as we have received the premium and you have returned this application to us. The warranty automatically expires at the end of that month starting after the date of the end of the charter.
- Please make sure to add any possible banking fees which are payable by the policy holder.