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.
Insolvency of the charterer
Your money remains safe where the charter yacht operator becomes insolvent.
You can also take out this insurance at a slightly lower premium – when purchasing the
travel cancellation insurance
Please note:
For current travel warnings and information about your holiday destination, please visit the website of the German Federal Foreign Office.
- We are authorized to offer this insurance to residents of EU countries – except for Malta, Cyprus, and Slovakia.
- Always make sure to insure the full charter price. If travel costs (e.g., flights) are also to be covered, always add the total sum of all travel expenses to the charter price. The full travel price should always be insured; otherwise, the insurance will only provide proportional coverage.
- This insurance can only be taken out within 28 days of booking and no later than 30 days before the start of the trip. If the trip is booked less than 30 days before departure, the insurance must be taken out no later than the day after booking.
- The complete contract details can be found in the terms and conditions for travel cancellation insurance BRV and insolvency insurance BIV.
- For policyholders not residing in Germany, the applicable insurance tax of the respective country will be charged; the total premium remains unchanged. Please consider any possible bank fees, which must be fully covered by you – especially for payments from abroad.