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Deposit Insurance for Chartered Yachts

Take advantage of our attractive deposit insurance for Skipper and Crew.
It is easy to forget that a chartered yacht is not our own among the fun and freedom a cruise on dream waters evokes. Understandably, the yacht owner secures themself against unpleasant surprises and charges a deposit.

Whether it's a sail breaking, the yacht gets a few scratches, or the slightest damage after your return from the dream vacation, the owner will partly or wholly retain this deposit. In this case, you are protected by charter deposit insurance.

Details for the charter deposit insurance

It is covered in the partial or total withholding of the charter deposit by the owner/charterer due to loss or damage caused by the private policyholder or the crew.
Insurance benefit: The compensation of the damage in money does not exceed the insurance sum.
The deductible is 10 % of the deposit, at least 100 EUR.
If the regatta risk is included, the deductible is 15 % of the deposit, at least 300 EUR.

Simple pricing model

To determine the insurance premium for our charter deposit insurance, only two questions are necessary:

  • Is it covered for a voyage or an annual coverage?
  • How much is the deposit sum? (for an annual coverage the most expensive planned deposit sum)


If the data are known, you can multiply the deposit sum with the following percentage, and you will get the insurance premium.


Cover for a cruiseAnnual coverage
Deposit of up to 3.000 €8 %15 %
Deposit of more than 3.000 €7 %13 %
Minimum premium75,- €100,- €
Regatta riskplus 15 %plus 15 %



We also charge a one-off policy fee of 15,00 EUR including the statutory insurance tax.

Sample calculation:

A voyage with a deposit of 2.750 € without regatta risk:
2.750,- € x 0,08 = 220,- €

The insurance premium to be paid is 220,- €. If the regatta risk shall be included, the following calculation is valid:
2.750,- € x 0,08 x 1,15 = 253,- €

A voyage with a deposit of 900 € without regatta risk:
900,- € x 0,08 = 72,- €
The calculated premium is below the minimum premium. That's why the bonus is 75,- €.

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