Some charter contracts include finely written regulations which define skipper and crew as responsible for loss of income from charter boat that was involved in accident, and therefore caused damage has to be repaired for which time boat can not be chartered. In other words, if the boat is being repaird for several weeks, profit loss for the boat owner needs to be reimbursed by skipper and crew participating in the accident. This insurance helps skipper to eliminate such possibility and unforseen expenses up to the insured value of 15.000 euro per one damage/loss event, but higher amount may be negotiated. Premium depends on boat length and type: for sailing boat up to 33 feet it amounts 85 euro, while for power boats of same length it totals 110 euro (but including also sailing boats).
For insurance policy contact us HERE.