All our yachts are fully insured under the comprehensive cover of ERGO insurance. The insurance covers all damage to the yacht and equipment with a deductible excess of € 2.500,00 / € 3.500,00 / € 6.500,00 for each event. Damage to the ship and the equipment caused by uninsured third parties vessels (whether culpable or not) are also covered for up to half the yacht´s value.
ERGO´s liability insurance, for all of our yachts, covers personal injury and damage to third parties vessels with an upper limit of € 5,000,000.00. This liability insurance also includes cover for the protection of waters, most explicitly for Greek waters, as required under Law 4256/2014 (Greek Compulsory Third Party Liability Endorsement). The general Greek liability insurance conditions requisite for Greek waters.
Deposit reduction or Deposit Insurance
You have the possibility to reduce the deposit by paying a deposit allowance, therefore reducing your deductible excess in the event of damage.
For a deposit amount of € 2.500,00, the deposit allowance fee is € 200,00 per charter week, the deposit is then reduced to € 500,00.
For a deposit amount of € 3.500,00, the deposit allowance fee is € 350,00 per charter week, the deposit is then reduced to € 1.000,00.
For a deposit amount of € 6.500,00, the deposit fee is € 500.00 per charter week, the deposit is then reduced to € 2.500,00.
You can request this deposit reduction on the base at the time you take delivery of your yacht.
Charter price protection
Our Charter company is an affiliated partner of the VDC (Association of German Yacht Charter Companies e.V.). Accordingly, all customer payments to us or your charter agency are covered by the EIS (European Insurance Services). You can download the insurance policy (security certificate) by clicking on the blue seal on the left or here.