Obtaining Charter Yacht Insurance

Renting a yacht for a few short hours is becoming quite a common occurrence and it is often from these short excursions that people think it is a good idea to rent for a greater period. Although this is great to do, there are a few factors that you will have to take into consideration; one of those factors is yacht insurance and when it comes to chartering a private yacht, many people who do not even realize that they need to have insurance for themselves.

Of course insurance is recommended for any pursuit just like this and whilst many people do not see the need when they are only using the yacht for a few hours, this is not the same as a week or two week vacation where travel insurance must be taken out for the party. Many people mistakenly believe they are fully protected and do not need travel insurance as they have already arranged insurance cover when they chartered the yacht.

The charter yacht insurance that was arranged is purely for incidents involving the vessel and the crew so anyone on guest on board and their personal possessions are not covered by this. There is usually very little that goes wrong on these chartered yachts and most trips are uneventful but what if you did need to claim and had decide against travel insurance?

There are many aspects to travel insurance including policies that will pay compensation should a trip be cut short or medical attention is required. The variety of cover is comprehensive some of which you will need, some you may not but there are certain factors that are important to include.

Accidental death is something that you will want as part of a travel insurance package because whilst most private yacht charters result in successful, safe trips, there is always a chance that an accident could occur. Unfortunately, the chartering of a private yacht often means that you are out at the mercy of the waters and this means that should an accident occur the chances for grave results are high. Do not take it for granted that your travel insurance policy will include accident death cover and if it doesn't, have it added.

In addition to protecting yourself, you will also want to protect your belongings that you take with you. Although it is advised that you leave many of your valuables safe at home, you may want to bring some items with you and if that is the case, you will want to make sure that your travel insurance covers all baggage that gets lost, stolen, or damaged.

This is where reading the fine print matters as the last thing you want to happen is to put in a claim and have it rejected because you did not read the policy properly. The costs for travel insurance are not normally high so don't skimp on this necessary ‘piece of mind' cover when you charter your yacht.

More information can be found on yacht charters here Virgin Islands Yacht Charter and also here Yacht Charter Croatia