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post #1 of 6 Old 10-05-2010 Thread Starter
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Charter deposit insurance

Hello,

Does anyone has experience with charter deposit insurance?
I'am chatering a boat in greece at the end of October and want to have a charter deposit insurance so I wount lose in case of damage my deposit
Does anyone know a name of such a company?
With kind regards

Josephus
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post #2 of 6 Old 10-05-2010
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In my experience the charter company will offer deposit insurance at a fee.
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post #3 of 6 Old 10-05-2010
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get the insurance. it is worth it in case something happens like a stolen dink or a grounding. Then you just walk away
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post #4 of 6 Old 10-06-2010
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The question is a little vague...are you asking about the deposit on your charter before you pay for your trip or the damage waiver for while you're on your charter?

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post #5 of 6 Old 10-06-2010
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He is clear enough: he doesn't want to lose his deposit because of boat damage. Damage waiver clauses are not so often practiced in Greece. I live in Belgium and my sailing club arranges the extra damage waiver insurance with our club general activities insurer whenever I charter in Greece with a crew of club members. It costs 3% of the charter fee and it is not linked with the guarantee. I also know that in the Netherlands we pay for the waiver extra clause 20 euro for a ten-meter yacht charter.

Last edited by chrondi; 10-06-2010 at 03:23 PM.
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post #6 of 6 Old 10-06-2010
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In that case, seems like it depends from who you charter. With Sunsail, they take a deposit (actually a swipe of your credit card that doesn't get processed) and you pay a small amount for the damage waiver. The deposit acts as a deductible if there is any damage to your charter. You have the option of paying a higher cost for the damage waiver with a smaller deductible, but most pay less figuring that they won't incur any damage.

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