Insolvency insurance

Complete Full charter brochure

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:

ImportantPlease always make sure to cover the total sum of costs. In case of including travel costs (e.g. flights) add these completely to the price of the charter. If the total amount of costs is exceeding the sum insured, the insurance will not pay in case of a claim.

Please click here for premiums and taking out insurance:

Please note:

  • Due to technical insurance reasons we offer this product olny for residents of EU Member States (except Cyprus and Malta). We are sorry but ALL other nations, we cannot insure.
  • Cancellation of travel costs insurance must be arranged no later than 14 day after the travel booking is made. If there are less than 30 days between the booking and the time of travel, the insurance must be arranged concurrently with the booking. The full scope of the agreement is based on the General Terms and Conditions for Cancellation of Travel Costs ABRV and the insolveny clause.
  • For non-German residents the insurance tax of the home country is valid, nevertheless the total premiums listed here do not change.
  • Please make sure to add any possible banking fees which are payable by the policy holder.