We highly recommend trip insurance in order to protect your financial investment in your crewed yacht charter vacation. Please read this page in its entirety, keeping the following key points in mind when considering trip insurance companies and their coverage options.
Hurricane season runs from June 1 through November 30. We highly recommend trip insurance during hurricane season as well as all other months of the year. If a named storm or hurricane impacts your charter dates, you may have outside travel costs to contend with such as flights, hotels, etc. In terms of the charter itself, please refer to Clause 9 and Clause 10 within the standard contract for specifics related to a named storm or hurricane and how they impact your charter.
The decision of whether to obtain trip insurance is completely up to you, but you should consider obtaining trip insurance for reasons other than weather such as pandemics, illness, injuries, or basically anything unexpected.
We would suggest covering your entire charter cost plus the cost of your flights/hotels. We would also suggest inquiring with your trip insurance company about possibly covering your charter cost separately from your flights/hotels.
If you’re traveling with a group of couples or a large family group with multiple residences, we would suggest that all couples or heads of families take out trip insurance to cover their portion of the charter cost plus the cost of their flights/hotels. We also suggest that you inquire about the option of having one policy for the entire group and the total charter cost in the CHARTERER’s name. In this way, if one couple or family member(s) falls out of the mix, the main CHARTERER could therefore have protection for the entire charter cost.
If you are going to purchase trip insurance, we would suggest doing so as soon as possible (typically within a week or two at most after making your initial deposit). Certain companies and their policies have time limits as to when you must purchase your trip insurance after the initial charter deposit is made. Therefore, we suggest that you do some initial research prior to confirming your charter to get an idea regarding the cost as well as your available options. Then, once your initial deposit has been made and your charter has been confirmed, you’ll be in a position to go ahead and secure your preferred trip insurance policy and therefore easily stay within your chosen trip insurance company’s initial window of time. Regardless of the policy you purchase, remaining within this initial window of time should provide you with the best possible coverage should you need to make a claim down the line.
We are by no means insurance experts so while we can point you towards some trip insurance sources that we've heard of within our industry, please forward specific questions or concerns regarding the coverage to your chosen trip insurance company. There are many insurance companies to choose from and the choice of which insurance company to use is completely up to you. However, a couple of industry sources you might consider include:
Send Clayton Swart, Manager of Business Development at MHG, an email letting him know you’re interested in their SE Plan or LX plan:
Clayton will send you a worksheet for your completion. Once you complete the worksheet and return it to him by email, he’ll be back in touch with further details and quotes. Clayton will oversee your insurance from start to finish. Clayton’s email is claytons@mhginsurance.com.
Send Rick Bagnall, Senior Vice President at the Gowrie Group, an email letting him know you’re interested in basic trip insurance and/or a CFAR plan (Cancel For Any Reason). He’ll then send you a fact-finder form for your completion. Once you complete the fact-finder form and return it to him by email, he’ll be back in touch with further details and quotes. Rick will oversee your insurance from start to finish. Rick’s email is rickb@gowrie.com.
Reach out for a quote via a 1-800 number or online form on website
