Charter Price Contingency Insurance

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Neither the yacht charted, nor the replacement yacht is beeing provided by the charterer at the time agreed. The assertion of the re-payment of the charter price already paid is unenforceable due to insolvency of the middlemen charter agency or charter base and the claim is cancelled. This are all insurance cases in which the charter price contingency insurance comes into effect and tries to lower the damage and to finally turns your cruise to a happy end.

In the case of insolvency of the middlemen charter agency we will reimburse the charter price collected and not transferred or reimbursed by the charter agency. In the case of insolvency of the charter agency the charter price contingency insurance reimburses the collected and not reimbursed 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 premium for the charter price contingency insurance is only 2,1 % of the voyage costs. Therefore, for a charter price of 3.500 Euro the charter price contingency insurance only costs 73,50 € (3.500 € x 0,021 = 73,50 €).