Croatia – Insurance

CROATIA – INSURANCE

Insurance for yacht charters in Croatia

WHICH INSURANCE POLICIES ARE INCLUDED WITH YOUR CHARTER IN CROATIA

Your yacht charter in Croatia already includes cover for key risks. The insurance package includes comprehensive cover for damage to the chartered yacht, third party liability insurance with no excess, and charter loss of hire insurance.

Under the comprehensive policy, the excess depends on the size of the yacht. Additional insurance can be arranged to protect you against certain further financial risks.

Included with your charter

  • Comprehensive insurance for damage to your charter yacht
  • Third party liability insurance with no excess
  • Third party liability cover up to €2.5 million
  • Charter loss of hire insurance following an insured incident

Excess, security deposit and additional insurance cover

The insurance included may be subject to an excess. Additional insurance can provide further protection against certain financial risks.

  • Comprehensive insurance: The amount of the excess depends on the size of the yacht.
  • Charter loss of hire insurance: If a claim is made, an additional excess equal to the security deposit applies.

Deposit insurance

Deposit insurance can provide additional financial protection in the event of damage to the yacht.

  • Reimbursement: In the event of insured damage, the security deposit is reimbursed.
  • Premium and excess: The amount depends on the level of the relevant deposit.

Travel cancellation insurance

  • Reimbursement: If you cancel for health reasons, the stored Mallorca details state that 80 percent of the cancellation costs will be reimbursed.
  • Insurance cover: Charter fees and flight costs can be included.

Extended skipper liability insurance

Extended skipper liability insurance supplements the existing cover for the risk of recourse claims against you as skipper in cases of gross negligence.

What should you do if damage occurs during your cruise?

If damage occurs during your cruise, prompt loss mitigation, early notification and proper documentation are essential.

  1. Limit the damage: First, prevent the damage from becoming worse.
  2. Inform the base: Report the incident as early as possible.
  3. Document the incident: Record the damage and how it occurred.
  4. Agree the next steps: Clarify repairs and damage assessment with First Class Sailing.

Document the damage and how it happened

  • Incident: Record what happened and what damage is visible.
  • Logbook: Enter the incident in the logbook as well.
  • Grounding: Note the exact position.

In certain cases, notify additional authorities

Coordinate repairs and damage assessment

Please agree the next steps with your base manager.

Additional insurance cover

Add extra protection for your deposit, cancellation and skipper risks

In addition to the insurance already included, you can also protect yourself against further financial risks connected with your yacht charter. For these policies, we recommend our partner Yacht-Pool. These include:

Deposit insurance

In the event of damage to the yacht, it reimburses your security deposit. The premium and excess depend on the amount of your deposit.

Travel cancellation insurance

If you need to cancel for health reasons, 80 percent of the cancellation costs are reimbursed. Charter fees and flight costs can be included in the cover.

Extended skipper liability insurance

This extends your protection to include the risk of recourse claims against you as skipper in cases of gross negligence. Gross negligence is not covered under the basic skipper liability insurance included.

Arrange insurance with Yacht-Pool

Frequently asked questions about yacht charter insurance in Croatia

Which insurance policies are already included with my yacht charter in Croatia?

The insurance included comprises comprehensive cover for damage to the chartered yacht, third party liability insurance with no excess, and charter loss of hire insurance.

How high is the excess under the comprehensive insurance?

The excess is scaled according to the size of the chartered yacht. This excess can also be insured separately.

What does the third party liability insurance cover?

The included third party liability insurance covers personal injury, property damage and financial loss involving third party property up to €2.5 million. There is no excess under this policy.

When does charter loss of hire insurance apply?

Charter loss of hire insurance covers lost income if a damaged yacht cannot be chartered out again immediately after an incident. In the event of a claim, an additional excess equal to the security deposit applies. Depending on the policy, up to four weeks of loss of hire or up to €20,000 may be covered.

What does deposit insurance cover?

Deposit insurance reimburses the security deposit in the event of insured damage to the yacht. The premium and excess depend on the amount of the relevant deposit.

What does travel cancellation insurance cover?

If you cancel for health reasons, 80 percent of the cancellation costs are reimbursed. Charter fees and flight costs can be included in the insurance cover.

Why is extended skipper liability insurance useful?

It extends your insurance protection to include the risk of recourse claims against you as skipper in cases of gross negligence. Gross negligence is not covered by the basic skipper liability insurance included.

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