Tag Archives: MIPIM

Anyone who has booked a Benetti yacht charter or a Feadship yacht charter vacation knows that charter agents heavily promote trip cancellation insurance.For mega yacht charter agents, trip cancellation insurance is a substantial profit point.  Commissions of 20% of the insurance cost for selling this product for a Feadship yacht charter or a Benetti yacht charter are common.

Charter brokers often offer this coverage to their Caribbean yacht charter customers who fear trip delays due to summer tropical weather disturbances.   Mediterranean yacht charter customers also hear the pitch to purchase this coverage, as concerns for lost baggage are common with long, international flights.

Putting aside the fact that someone “profits” from the sale of these policies, a luxury yacht charter customer should give serious consideration to this coverage option.  Whether you rent a private yacht, a megayacht, or a superyacht, for a Caribbean yacht charter or elsewhere, or whether you plan crewed catamaran charters or sail boat charters – the facts remain the same: you are spending a lot of money and you may wish to protect your investment!

There are hundreds of circumstances that could cause you to cancel your trip, return home early, or force you to seek emergency medical treatment while traveling.  What if you booked a MIPIM yacht or a Monaco Grand Prix yacht for the yearly event in Cannes and Monte Carlo, and suddenly you could not attend?

To demonstrate the importance of purchasing travel insurance, and emergency travel services, here are 10 common examples of what could go wrong.

6.  LOST LUGGAGE — You arrive for your Feadship yacht charter in Jamaica, and your luggage doesn’t. If it’s lost, who will help you find it? If it’s delayed, who will pay for your necessities? If it’s stolen, who will pay to replace it?

8.  MEDICAL HELP NEEDED — You’re walking down a street in Rio and twist your ankle. Who can help you find an English-speaking physician?

9.  TERRORISM — Three weeks before your scheduled arrival for your Croatia yacht charter, a terrorist incident occurs in the city that you are planning to visit. Who will pay if you want to cancel your trip?

10. HURRICANE — You are at a beach resort in the Florida Keys during your luxury sailing charter vacation, and you are forced to evacuate due to an approaching hurricane. Who will help you evacuate and who will reimburse your lost vacation investment?

There are so many circumstances where your vacation may be interrupted.  It’s important to understand your options to safeguard your holiday investment.  Remember travel insurance is optional and should be analyzed before each vacation begins.