Ensuring A Worry-Free Vacation
Because we care about your vacation investment, The Moorings offers two insurance programs to assure your charter is as carefree as it should be.
Our Yacht Security Insurance reduces your possible financial liability should your yacht or equipment be damaged during your vacation. This insurance is not optional and the cost will be included in your Vacation Estimate.
Security Insurance or Security Deposit
- One of the following security payments must be selected to guarantee a bareboat charter:
A non-refundable security insurance premium is available. This is called The Moorings Yacht Security Insurance. With payment of this insurance premium, the charterer is relieved of all liability for loss or damage to the yacht and its equipment, except for loss or damage to the yacht and its equipment caused by gross negligence or wanton or willful misuse by charterer, his or her family, guests and agents, for which charterer may be solely liable. This coverage carries a small deductible amount. Contact your local Vacation Planning Specialist for details.
- A refundable security deposit can be applied to the repair of damages or replacement of lost equipment caused by charterer or by any of his party. This deposit will be refunded after the termination of the charter pending receipt and review of an inspection report by the company. This deposit relieves the charterer of loss or damage over the amount of the deposit to the yacht or its equipment, except for loss or damage over the amount of the deposit caused by gross negligence or wanton or willful misuse by the charterer, his or her family, guests and agents, for which charterer may be solely liable.
Other Insurance Needs
Some special types of charters will require additional insurance or deposits, such as the Racing Deposit required for yachts chartered for entry into regattas. Please speak to one of our Vacation Planning Specialists for details.
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