Deductibles, security deposit and additional insurance cover
The insurance policies included may be subject to deductibles. Additional cover can provide further protection against specific financial risks.
- Comprehensive hull insurance: The deductible is determined by the size of the yacht.
- Charter cancellation cover: If a claim is made, an additional excess equal to the security deposit applies.
Security deposit insurance
Security deposit insurance can provide extra financial protection against the consequences of damage to the yacht.
- Reimbursement: In the event of an insured loss, the security deposit will be reimbursed.
- Premium and excess: The amount depends on the level of the security deposit.
Travel cancellation insurance
- Reimbursement: If the trip is cancelled for health reasons, 80 percent of the cancellation costs will be reimbursed.
- Cover: The charter fee and flight costs can be included.
Extended skipper liability insurance
Extended skipper liability insurance supplements the existing cover for the risk of the skipper being held liable in cases of gross negligence.
What should you do if damage occurs during your cruise?
If damage occurs during your cruise, it is important to limit the loss, notify the relevant party promptly and document the incident carefully.
- Limit the damage: First, take steps to prevent the damage from becoming worse.
- Inform the base: Report the incident as early as possible.
- Document the incident: Record the damage and how it occurred.
- Agree the next steps: Coordinate 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.
For certain types of damage, contact the relevant authorities as well
Coordinate repairs and damage assessment
Please agree the next steps with your base manager.
