Yacht: Loss of Charter – Extended

Whereas a standard Loss of Charter Hire insurance covers marine perils and loss due to physical damage to the Yacht, the extended Loss of Charter Hire policy will extend to many other external sources of interruption which are outside the control of the Yacht owner or manager, including:

  • Extreme weather
  • Life-saving or refugee rescuing
  • Illness, death or injury to persons on board the insured Yacht(s)
  • Natural disaster

Extended Loss of Charter Hire is structured in the same manner as Loss of Charter Hire. It indemnifies the Assured for an agreed number of Chartering weeks and is a natural extension where we already insure Loss of Charter Hire, but can also be written on a stand-alone basis.

 

Loss of charter extended2

Based on the above, NHC is willing and has the expertise to tailor-make your Loss of Charter Hire coverage.