I've been offered ‘Cancellation and Curtailment Insurance’ while on my yacht charter? Is it advisable to take out this additional insurance?
This clause in travel insurance covers risks of a charter cancellation, or shortening of your holiday onboard, for reasons that have nothing to do with the superyacht and her operating conditions. Because it is not included on the yacht side, it may be safer for you to take out this additional insurance if you fear that there may be situations in your personal life that could lead to the cancellation of your charter or its curtailment, as the yacht owner will not reimburse you if that were to happen.
The recommended limit to insure for is the total cost of your holiday. It is important that you read all the terms and conditions very carefully since what you may consider ample reason for a payout, the insurance company may have other ideas.