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Charter cancellation insurance

Best cover for charter cancellation

What is charter cancellation insurance?

Chartering a yacht promises an exceptional holiday experience. However, if an unforeseen event prevents you or your guests from travelling, you may forfeit your deposit or other non-refundable charter fees.

Our charter cancellation insurance is designed specifically for charterers and can also cover related costs, such as the APA or private flight expenses.

Plan for what you didn’t plan

Why choose this charter cancellation insurance?

This trip cancellation insurance reimburses eligible non-refundable payments and deposits if a charter is cancelled, interrupted, or delayed for covered reasons.

Specifically designed for charterer’s vacations, it offers the flexibility to insure all or part of the total charter cost.

yacht cancellation insurance
  • 36 covered cancellation reasons, among the highest on the market. 

  • Coverage specifically designed for charter vacations.

  • Flexibility to insure any portion of the total charter cost.

  • Optional cancel for any reason coverage.

  • Simple and efficient application process. 

Trip cancellation and interruption: what’s covered

What’s covered

Coverage includes (but is not limited to) the following approved reasons.

  • Illness, injury or death of the insured, a family member, a travel companion, a business partner, or a pet/service animal.
  • Primary residence or destination rendered uninhabitable.
  • Documented theft of passports or visas.
  • Job loss, merger or required job relocation.
  • Pregnancy complications involving the insured, travel partner or surrogate.
  • Divorce or separation.
  • Traffic accident.
  • Unannounced strike.
  • Severe weather stopping common carrier services.
charter insurance cancellation

Covered reasons and benefits depend on policy terms and underwriting approval.

yacht charter cancellation insurance
  • Mechanical breakdown of a common carrier.
  • Mandatory evacuation due to natural disasters.
  • Emergency military duty or revoked leave.
  • Terrorist incident.
  • Bankruptcy or default of a travel provider.
  • NOAA hurricane warning at destination.
  • Court order to appear or jury duty.
  • Quarantine.
  • Hijacking.

OnlyYacht is a premier intermediary in the yachting industry, offering tailored insurance solutions and expertise.

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