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Charter Fleet Insurance

Charter fleets, once primarily composed of modest vessels aimed at casual vacationers, have significantly evolved, now featuring an array of luxurious yachts and sailboats designed to offer top-tier experiences on the water. These fleets, whether consisting of sleek motor yachts, elegant sailing vessels or catamarans, are equipped with high-end amenities, making them attractive to discerning clients seeking comfort, style, and adventure during their charters.

From an insurance perspective, managing a charter fleet involves unique challenges that differ from individual boat ownership. Unlike privately owned yachts, which are typically used by a single owner, charter fleet vessels are in constant use, with different clients boarding regularly. This frequent turnover can increase the risk of wear and tear, accidental damage, and operational mishaps, necessitating a robust insurance policy that covers a wide range of potential incidents.

Moreover, the insurance needs of a charter fleet operator often resemble those of a commercial enterprise. Issues like liability coverage, protection against loss of income due to vessel downtime, and coverage for crew members are crucial. As charter fleets become more luxurious and valuable, many operators are expanding their offerings from the Mediterranean to the Caribbean or vice versa. This expansion requires specialized insurance to cover eligible cruising areas and address specific risks like windstorms, especially in hurricane-prone regions like the Caribbean. It also signficantly increases overall risk exposure and wear and tear.

Sealogy is one of the leading European Insurance Providers for Charter Fleets. We fully understand the complexities of insuring a charter fleet. Our specialized insurance solutions are tailored to meet the unique needs of fleet operators, providing comprehensive coverage that protects against the wide range of risks associated with operating a charter business. Whether it’s safeguarding the vessels, covering potential liability, or ensuring business continuity, our policies are designed to provide peace of mind, allowing you to focus on delivering unforgettable experiences on the water.

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Highlights of our Charter Fleet Cover

Coverage According to Your PrioritiesYou choose between comprehensive All-Risk Cover and cost-effective Basic Cover, protecting you against named perils.
Tailored to Meet Your NeedsTogether, we tailor insurance coverage that aligns perfectly with you, your yacht, and your intended use. Our mission is to provide you with the peace of mind to pursue your dreams with confidence.
Agreed Fixed Value for Total LossIn the unfortunate event of a total loss, our Top Cover ensures you receive the full sum insured as agreed, without any deductions except for residual value.
New for Old for Partial LossesFor partial losses, our Top Coverage replaces damaged parts up to the full sum insured amount, without any deductions. We ensure your yacht is restored with the care it deserves.
Free Dinghy CoverageYour dinghy is automatically covered under our liability insurance, up to 60HP in our Top Coverage and 5HP in Basic Coverage.
Protection During Land TransportYour yacht is protected during transports whether on land or sea, including trailered yacht transport on a ferry.
Charter Loss CoverShould your yacht become unavailable for charter due to damage, we cover the loss of charter fees, ensuring your financial forecast remains intact.
Charter Risk CoverYour yacht remains fully insured during charter operations, whether bareboat or crewed. We even cover the risk of misappropriation.

Tailor-Made Insurance Coverage

At Sealogy we believe that Peace of Mind is absolutely essential to thrive in life and business. Our goal is to contribute to your peace of mind on your maritime endeavours so that you can fully embrace your passion.

We achieve that by providing you with insurance coverage that is meticulousy tailored to your needs and priorities ensuring that you can Navigate with Confidence, knowing you're thoroughly protected every step of the way.

Tailoring insurance coverage to your specific needs and priorities begins by understanding your specific set-up and priorities. It involves considering the level of protection you need and want, the importance of premium costs and the deductibles you’re comfortable with. And then to carefully craft insurance coverage to align with your unique needs and specific circumstances.

At Sealogy, every insurance policiy is as unique as the owner that seeks insurance coverage with us.

Send us a Quote Request and we’ll be happy to provide you with a tailor-made insurance quotation that perfectly suits your needs. And if it’s not exactly right the first time, we’ll refine it until it truly fits you.

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Yacht Insurance - Products and Cover-Concepts

Third Party Liability (TPL) Insurance

Third Party Liability Insurance (TPL) provides vital protection against financial liabilities if your yacht causes damage to other vessels, property, or people. It’s the essential coverage that allows you to navigate with peace of mind, knowing you’re protected. Learn more about our Sealogy Third Partly Liability Insurance for your yacht.

Hull & Machinery (H&M) Insurance

Hull & Machinery Insurance (H&M) covers the physical integrity of your yacht, including its hull and onboard machinery. From unexpected accidents to challenging weather conditions, this coverage ensures your yacht is safeguarded and can be promptly restored. Learn more about our Sealogy Hull & Machinery Insurance for your yacht.

Passenger Accident Insurance

Passenger Accident Insurance offers crucial coverage for any injuries your guests might sustain while aboard your yacht. It’s a reflection of your dedication to their safety, ensuring that everyone can enjoy their time at sea with confidence. Learn more about our Sealogy Passenger Accident Insurance for your yacht.

Sealogy BASIC - Named Peril Cover

Our Sealogy BASIC Cover is a named Peril Cover. That means it provides insurance protection only against specific risks or "perils" explicitly listed in the policy and the Terms & Conditions. If a peril isn't named, it's not covered. For example, if your policy lists theft, grounding and collision as covered perils, then damage caused by any other event would not be covered. Our BASIC Cover is a cost effective way to protect against many of the most relevant risks for yacht owners. In some cases - mostly very special risks - BASIC Cover may be the only cover we can provide. Learn more about our Sealogy BASIC Cover for your yacht.

Sealogy TOP - All-Risk Cover

Our Sealogy TOP Cover is an All Risk Cover. It offers comprehensive protection by covering a wide range of potential risks - except those explicitly excluded in the policy and/or Terms & Conditions. Unlike our BASIC Cover, which only covers specific risks listed in the policy, our TOP Cover offers much broader protection. Seeking insurance coverage based on our TOP Cover is the best way to achieve maximum Peace of Mind on your maritime adeventures. Learn more about our Sealogy TOP Cover for your yacht.Get your Quote