Is the charter risk insured?

Chartering out your boat means a higher risk in comparison to your own usage since you leave your yacht to a third party without being able to control them; as a rule, the yacht is also used more often, and the clients need time to acquaint themselves with the boat.
 
Our concept of the service of Yacht Insurances of charter yachts is designed especially for the risks of charter yachts and it offers you as the owner a comprehensive carefree package.
 
Our Yacht Insurances include e.g. the misappropriation of the yacht by the charter client as well as benefit in case of losses caused by gross negligence or intention of the charter client (which is not included by most other insurances!).
 
Due to the support of our damage management team, together with our clients we have managed to minimise the damage rate, so that we have been able to offer you stable and cheap insurance premiums for Yacht Insurances during the last five years.
 
Our concept regarding Yacht Insurances has made us one of the major insurance agents of charter yachts in Europe.
 
Following examples will give you an insight into our offer spectrum:

• Regarding Yacht Insurances for third party liability: Protects you and your charter clients against claim from others parts due to losses culpably caused by you or your charter clients.
• Regarding Yacht Insurances for full cover: Offers you coverage for partial damage or total loss of your charter yacht. On request, the comprehensive coverage of the boat insurance can be extended to the loss of charter. This becomes effective from the first day of the next charter and covers up to 20 weeks of loss in a calendar year. 
   
• Regarding Yacht Insurances for engineering and technology: Offers you protection in case of a mechanical breakdown such as an operating error or in case of an unexpected loss event. 
• Regarding Yacht Insurances for legal expenses: Allows the assertion of your claims and protects you in the process of averting unjustified claims concerning your yacht. This coverage of the boat insurance can be extended to the contract coverage also including contractual relations with your charter clients, charter agencies and charter bases.
   
• Regarding Yacht Insurances for passengers accident: Offers you financial coverage in case of disablement, death and hospitalisation of a crew member having an accident on board your yacht. 
• Regarding Yacht Insurances for basic liability: Protects you as a charter base against liability claims of a third party including repair and maintenance.

 
These are just some of the advantages of our products of boat insurance. For further information, you are welcome to contact one of our specialists for Yacht Insurances.