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Insurance for the unexpected.
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The premier insurance coverage for luxury vacations.
From a sickness or death in the family to severe weather or an unforeseen work obligation, there are many unexpected events that could cancel or interrupt a yacht charter. And, without a Trip Cancellation insurance policy, the entire investment in the charter could be lost. Our Trip Cancellation plans include 36 covered cancellation reasons to help charterer’s recover prepaid, non-refundable expenses in the event an emergency causes you, or your clients, to cancel or interrupt the charter. These plans are flexible and can cover various related expenses, including APA and private flights.
Let MHG’s Trip Cancellation insurance experts ensure your upcoming charter is financially protected against the unexpected.
36 covered perils, among the most on the market.
Trip Cancellation insurance helps clients recover non-refundable, unused payments and deposits when a yacht charter or vacation is cancelled or interrupted for a variety of reasons. Some of these reasons include:
Even the most carefully planned vacation can be affected by unforeseen events.
Coverage leading up to and during the charter.
Even with the best intentions, accidents can happen at any time. Whether it’s a priceless vase that’s knocked over, accidental damage to the hull, or something else, accidents happen. CHARTERER'S LIABILITY INSURANCE can help protect yacht charterers from Third-Party Liability claims for lawsuits related to accidental death or injuries occurring onboard the yacht or resulting from watersports activities. The policy also covers damages to the hull, interior furnishings, tenders, and other equipment among others.
Even a yeti needs Trip Cancellation insurance for his charter.
MHG’s Trip Cancellation experts, Clayton Swart and Nadia Bedasse-Francis, team up with Mr. Yeti in this light-hearted video series illustrating why it’s essential for yacht charterers to purchase Trip Cancellation insurance and what can happen if they don’t!
EPISODE 1
EPISODE 2
‘Cancel for any reason’ coverage is available in most states and is an excellent solution for the most discerning clients wanting the highest level of coverage and flexibility in a Trip Cancellation plan. This type of policy allows you to cancel your trip for any reason and still receive up to 75% of the insured trip cost paid. If the trip is cancelled for a covered reason, the insured amount is refunded up to 100%.
Trip Cancellation plans can be purchased if a deposit has been made on the charter or luxury vacation and departure is less than two years from the day the insurance is purchased.
Claim times can vary, but usually, take about 15 business days to process. To expedite, be sure that all requested forms and documents have been submitted and let us know so that we can follow up with the insurance company as well.
While credit card trip protection varies, generally speaking, the coverage offered is extremely limited and has a number of caveats to offering refunds. These Trip Cancellation plans are designed specifically for luxury vacations.
Travel Medical insurance provides Short-Term Medical coverage for accidents and illnesses for people traveling outside their home country. Trip Cancellation helps travelers recover non-refundable, unused payments and deposits when their vacation is cancelled or interrupted. Trip Cancellation also includes limited medical coverage for accidents and illnesses occurring abroad.
Our Insurance Specialists can guide you to the best plan for your needs, and your budget.