Charter Price Contingency Insurance
The charterer has neither the yacht charter nor the replacement yacht provided at the time agreed. Therefore, the assertion of the repayment of the already paid charter price is unenforceable due to the intermediary's charter agency's or charter base's insolvency, and the claim is canceled. These are insurance cases where the charter price contingency insurance comes into effect and tries to lower the damage and turn your cruise to a happy end.
In the case of insolvency of the intermediaries charter agency, we will reimburse the charter price collected and not transferred or reimbursed by the charter agency. On the other hand, in the case of insolvency of the charter agency, the charter price contingency insurance reimburses the collected and not refunded charter price.
Additionally, higher costs for flights and higher charter costs when changing the booking are reimbursed up to a sum of 1.500 € per cruise.
A low insurance premium
The insurance covers the loss of the legally established entitlement to repayment of the paid charter price of the indicated charter due to non-fulfillment of the service; provided by the yacht; and by the charter base caused by the insolvency of the charter agency or charter base.
Condition: This Charter Price Contingency Insurance can only be concluded within 21 days upon the receipt of the booking confirmation.
Insurance benefit: The compensation of the damage in money up to the insurance sum. Furthermore, the insurer pays additional costs for flights and higher charter costs in case of re-bookings up to max. 1.-500,- EUR per cruise.
Charter trips of more than 5.000- EUR/week or 15.000 EUR/cruise require an individual request.
We also charge a one-off policy fee of 15,00 EUR, including the statutory insurance tax.