Security deposit insurance protects your Security Deposit so that you will get it back in full less an excess even if you cause accidental damage to the boat.

Yacht charter deposit insurance uk. Travel Cancellation Expenses Insurance. 900 - 1800 infoeis. In order to charter your yacht youll need to have a private and pleasure policy with a bareboat charter extension.

The deposit insurance covers damages to the yacht caused by the charterer usually to the amount of the charter providers excess of the comprehensive insurance. Book Your Yacht Trip. Normally what it does is to cover the insurance excess on the yacht.

Chartered yacht insurance requirements. Under the terms of your charter agreement you have to pay an excess of 500 to the Charter company or boat owner and their insurance company pays the rest of the repair costs 1500. Skipper and crew are insured during private use of the chartered yacht tenders and watersports equipment and for trips ashore of.

Topsail Insurance provide Yacht Charter Excess Waiver with our Yachtsmans Travel Insurance either as part of the policy or as an optional extra - It comes as a standard part of annual Gold and Silver policies and can be bought for an additional premium as an add-on to Bronze and Single Trip cover. The charter security deposit covers and equal to a deductible retention payable in the event of damage occurring. If you charter a yacht between October1st and December 31st your insurance coverage will be prolonged to the next year.

You pay the security deposit as normal but if youre charged any deductions for damage caused then you can make a claim for a reimbursement from EIS insurer subject to an excess. Cover is subject to terms and conditions. WHAT IS SECURITY DEPOSIT INSURANCE.

It is paid on embarkation by credit card and returned at the end of your charter less any necessary deductions for damage to your yacht or to other yachts. In such case the premium can change a little. The bigger and newer the yacht the larger the security deposit will be.