Damage waiver insurance, also known as deposit insurance, is an option offered by SAILOÉ.
This insurance is designed to reduce the financial liability of the tenant in case of damages or unforeseen expenses related to the rental property.
Rental with skipper
Insurance Subscription: When you rent a SAILOÉ boat with a skipper, bail bond insurance is mandatory, and it costs 6% of the boat rental amount.
SAILOÉ will reduce the amount of the security deposit you need to pay at the time of the rental. For example, if the initial security deposit is 8000 euros, by subscribing to the insurance, you could reduce this deposit to 1500 euros.
Rental without skipper
It is possible to take out independent insurance:
Pantaenius offers REAL Security Deposit Insurance!
While traditional franchise buyback insurance covers only events at sea (collisions, grounding), Pantaenius's Caution Plus product also covers minor incidents that may occur on board. A lost sunbath, a wine stain on the cushions, clogged toilets... All these minor incidents are now insurable with this new solution (starting from 77.86€ for a security deposit insurance of 1,000€).
In addition to the Security Deposit Insurance, Pantaenius offers, through its Charter Packages (starting from 175.72€), insurance solutions that cover:
Skipper's Liability Insurance (up to 3,000,000€ or 5,000,000€)
Trip Cancellation Expenses (up to 40,000€ depending on the package, including in the case of Covid-19), including flight tickets. And depending on the chosen package:
Unlimited emergency medical expenses abroad.
Personal Accident Insurance (disability capital 150,000€ / death 75,000€).
Here is a link where you can subscribe to this insurance.
Franchise Buyback Insurance
Regardless of your country of residence, by purchasing franchise buyback insurance from Ouest Assurances Plaisance, you reduce your risk in the event of a claim.
This coverage applies, during reasonable navigation, to material consequences for the tenant, as a result of clearly defined accidents resulting from external impacts on the vessel, with a fixed or moving body affecting the vessel and being recorded in the ship's log.
Cancellation, Assistance, and Repatriation Insurance
If you are a European resident and are considering a cabin rental or cruise, regardless of the destination, you may not think about unforeseen events that could prevent you from going.
Subscribing to cancellation insurance prevents you from losing the deposits paid for your rental in case you need to cancel due to one of the events covered by the contract affecting you or a family member.
Subscribing to assistance and interruption of stay insurance allows you to implement any assistance justified by a medical issue affecting the designated insured during their cruise.
For more information and the option to subscribe online