Insurance
Safety, Security & Peace of mind
At Discovery Yachting, your safety and peace of mind are our priority. We work with trusted insurance partners to offer you a variety of additional insurance options for a safer and more reassured charter experience.
Discovery Yachting cooperates with trusted insurance partners, including Sealogy, Hamburger/ Schomacker, Pantaenius, and others, in order to provide clients with additional insurance options for a safer and more reassured charter experience.
Although the yacht is covered by the company’s own insurance policy according to the applicable charter terms, clients who wish to have additional personal protection may choose to arrange their own insurance online through one of our insurance partners or through an insurance company of their preference.
Charter security
deposit insurance
Charter cancellation insurance
Charter payment protection insurance
Charter price contingency and insolvency insurance
Normal refundable security deposit
Payable by card or cash before embarkation. The amount is refunded after check-out, following the yacht inspection procedure. An independent authorized diver’s report may also be available where applicable.
Insured Refundable Security Deposit
Payment of the normal refundable security deposit by credit card, with the option for the client to insure this amount through an insurance company of their preference or through one of our insurance partners, such as EIS, Hamburger/ Schomacker, Pantaenius, and others. In the unfortunate event of damage, the client may then claim reimbursement directly from the insurance company, according to the terms of the selected policy.
Non-Refundable Security Deposit (Damage Waiver)
Payment of the non-refundable security deposit in cash, also referred to as damage waiver, together with a reduced refundable guarantee amount, instead of the normal refundable security deposit.
If this option is selected, the non-refundable amount is not returned to the client.
In all refundable security deposit cases, the yacht is insured for hull, equipment and third-party liability, according to the yacht’s insurance policy and the terms of the charter agreement. Additionally, the skipper may choose to purchase a separate skipper’s third-party liability insurance policy through one of the available insurance packages offered by our partners.
When the non-refundable security deposit / damage waiver option is selected, the yacht remains insured for hull, equipment and third-party liability. However, certain damages and cases are excluded, and the client remains fully responsible up to the relevant security deposit amount, according to the charter agreement.
Exclusions when non-refundable security deposit is paid
All damages are covered except:
• Damage or seizure of the yacht due to operation in restricted, out-of-bounds, or red-zone areas.
• Damage incurred while the yacht is operated under the influence of drugs or alcohol.
• Damage occurring while the yacht is operated by any person who is not the holder of the skipper’s license and has not been declared as skipper or co-skipper of the yacht.
• Damages or personal injury caused by gross negligence or negligence towards the terms of the charter agreement.
• Damages to the hull, keel, steering system or rudder, total loss of the yacht, anchor and chain, dinghy and outboard engine.
• Damage resulting from illegal transportation of contraband or from any other illegal trade, activity, or purpose.
All insurance options, coverage limits, exclusions, claim procedures, and applicable terms are subject to the conditions of each insurance provider. Clients are kindly advised to review the selected policy carefully before purchase and contact Discovery Yachting for any further assistance or clarification.
