Charter Insurance

Charter Insurance

Charter Insurance

 Recommended insurances for your worry-free charter holidays 

We recommend conclusion of a travel cancellation insurance, deposit insurance as well as the bad debt insurance.

You have a choice among 3 different insurance 

Charter Bad Debts Insurance
 

Charter Deposit Insurance

 

What is covered?

It is insured if the deposit is retained by the owner / charter company in the case of:
 
  1. Loss or damage of the chartered vessel due to a naval accident, sinking, fire, lightning, explosion, theft or robbery or damage caused by natural disasters
  2. Sailing regattas are included in the insurance.
 
Not covered are damages such as:
 
  1. Those due to natural wear, war, strike or confiscation
  2. Loss and unintentional leaving of equipment etc.
  3. Damage already existing and overlooked on taking over of the vessel
  4. Paint, scratch and scuff damage
 

Insurance benefit

For one charter trip it will be refunded:
  1. the return of the deposit, if an above mentioned event is covered according to § 4 (1) of the special conditions for the comprehensive insurance and return of the deposit by the owner /charter company does not take place.
 
In all cases the insurance benefit is limited to the sum insured and valid for the period of the journey indicated in the charter contract.
 
What has to be done in the event of damage?
 
  1. Report on the course of events, the cause and extent of damage
  2. In case of fire, theft or robbery: report a complaint at the nearest public security authority or the responsible harbourmaster.
  3. If possible: take photos of the damage from all sides
  4. Confirmation from the owner / charter company on the retained deposit.
 

Insurance conditions

The charter deposit insurance is based on the “Special conditions for the comprehensive insurance for water sport craft (BVB/BK 2007)”. The conditions are available on request.
 

Insurer partner

UNIQA Sachversicherung AG, 1029 Vienna, Untere Donaustraße 21. Headquarters Vienna, FN (company number) 46466 h at the commercial court of Vienna, DVR: 0664367.
 

Important Notice

In case of short-term conclusion of the charter deposit insurance you must provide evidence for the payment of the premium before starting the journey.

 

Premium details

Up to    3.000,00 € Deposit value
Above  3.001,00 € Deposit value 
Minimum premium   

Deductible  
Deductible (regatta)  

8,00 %
7,00 %
50,00 €
 
10% min 100,00 € / damage
15,00 %,of the Deposit min. 200,00 € / damage 
 
Example:
 
Charter deposit amount:
Insurance amount:   
Damage:  
Reimbourse amount:
3000 EUR
7,00% x 3000 EUR = 210 EUR
2000 EUR

2000 EUR – (10% x 2000 EUR) = 2000 EUR – 200 EUR = 1800 EUR  

 

 How to subscribe to the insurance?

 You can subscribe to this insurance in 2 ways:
 
  1. Through your agency Seatizen – The worry free solution
     
    Please inform our team about your wish to subscribe for the insurance, provide your required information (address)  and our team will do all the work for you. The amount will be added to your charter bookign invoice.
     
  2. On your own - Directly with the insurer

    Please klick on this link to go directly to the online site of our partner UNIQA to subscribe for this insurance online HERE.

 

Travel Cancellation Insurance

What is covered?

The skipper and crew members are insured.
 

Who is insured?

The skipper and crew members are insured.
 

What is covered?

Covered are:
 
  • cancellation costs as a result of sudden severe illness, accident or death due to the drop out of an insured person or his/her closest relatives.
 
This insurance is valid for one charter cruise.
 Not covered are cancellation costs such as:
  • due to professional hindrance or pre-existing illnesses
  • a result of war, strike or confiscation
 

Insurance benefit

It will be refunded:
 
  • the cancellation costs up to the full charter sum (without excess) in case of the skipper’s drop out,
  • the aliquot part of the charter costs (without excess) in case of a crew member’s drop out.
 
In all cases the insurance benefit is limited to the sum insured.
 

Insurance conditions

The charter withdrawal insurance (cancellation costs) is based on the “General conditions for the insurance of travel cancellation”. The conditions are available upon your request.
 

Insurer partner

UNIQA Sachversicherung AG, 1029 Vienna, Untere Donaustraße 21. Headquarters Vienna, FN (company number) 46466 h at the commercial court of Vienna, DVR: 0664367.

Important Notice

The charter withdrawal insurance can not be taken out later than 28 days before departure and has to be paid the same day. In case of short term charter, insurance must be taken out and paid not later than the day after booking.
 

Premium details

Premium  
Minimum premium   

Deductible  

5,00 % of the travel price insured
50,00 €
 
10%
 
Example:
 
Travel expenses:
Insurance amount:   
Reimboursed amount:
6000 EUR
5,00% x 6000 EUR = 300 EUR

6000 - 10% = 5400 EUR 

 

How to subscribe to the insurance?

 You can subscribe to this insurance in 2 ways:
 
  1. Through your agency Seatizen – The worry free solution
     
    Please inform our team about your wish to subscribe for the insurance, provide your required information (address)  and our team will do all the work for you. The amount will be added to your charter bookign invoice.
     
  2. On your own - Directly with the insurer

    Please klick on this link to go directly to the online site of our partner UNIQA to subscribe for this insurance online HERE.

 

 Charter Bad Debts Insurance

Insurance conditions

This insurance is valid for one charter trip.
 

Case of insurance:
 

Neither the chartered nor an alternative yacht can be made available by the charter company at the agreed time for the following reasons:
 
  1. insolvency of the charter company between booking and departure
  2. boating accident or sinking
  3. not forwarding of the customer’s money
 
(Alternative yacht: definition according to the general charter conditions: a yacht comparable in size, cabin and berth number as well as in equipment. It must be available at the latest after 1/4 of the agreed charter period, but no later than 3 days.)
 
Possibility of recourse by UNIQA against the charter company (charter basis).
 

Insurance benefits:

In case of insolvency/not forwarding of customer’s money:
 
  1. Charter price (max. EUR 5,000 per week, max. 15,000 per trip) cumulating limit EUR 150,000;
  2. additional costs for flights etc.,
  3. higher charter costs up to EUR 1,500 per trip, cumulating limit EUR 150,000 

Validity

WORLDWIDE
 

Exclusions

Not insured are:
 
  1. The omission of the charter, provided that the charter company has offered another charter yacht with the same cabin number to the insured and the latter refuses the alternative yacht.
  2. The omission of the charter due to circumstances, which the insured person is him-/herself reliable.
  3. Reductions of the charter price due to dissatisfaction or absence of the assured features (such as cleanliness, dinghy, outboard motor, additional sail, etc.) as far as the correct functioning of the chartered yacht is still provided.
  4. A reasonable cancellation of the charter due to late restitution by the charterer before or a repair of 24 hrs per charter week.
  5. Charter prices, which were not paid via means of bank transfer (bank transfers / credit cards) and not directly to the charter company (agency / basis).
  6. The non-availability of the yacht alone - except for the above mentioned reasons - does not determine any coverage.
 

Obligations

 
The proposal for travel price safeguarding insurance has to be made to the insurer at the moment of taking out the charter contract; coverage starts with the payment of the premium.
 

Insurer partner

 UNIQA Sachversicherung AG, 1029 Vienna, Untere Donaustraße 21. Headquarters Vienna, FN (company number) 46466 h at the commercial court of Vienna, DVR: 0664367.

Premium details

Premium  
Minimum premium   

Deductible  

2,10 % of the travel price insured
60,00 €
 
5%
 
Example:
 
Travel expenses:
Insurance amount:   
Reimbourse amount:
10.000 EUR
2,10% x 6000 EUR = 210 EUR

10.000 - 5% = 9.500 EUR  

 

How to subscribe to the UNIQA insurance?

 You can subscribe to this insurance in 2 ways:
 
  1. Through your agency Seatizen – The worry free solution
     
    Please inform our team about your wish to subscribe for the insurance, provide your required information (address)  and our team will do all the work for you. The amount will be added to your charter bookign invoice.
     
  2. On your own - Directly with the insurer

    Please klick on this link to go directly to the online site of our partner UNIQA to subscribe for this insurance online HERE.