All our yachts are insured against fire, marine and collision risks and third party damage (incl. sea pollution liability) well above the minimum requirements as prescribed per Greek law. A copy of the original insurance confirmation can be found in every yacht.
There is, as it is usually the case with insurance, a deductible. What this means for you is, as you will see in our offer, that we will ask you for a security deposit, which varies with the value of the yacht. This security deposit is required prior to your embarkation and is there to cover any damage caused to the yacht and its equipment during the charter period. If there was no damage, as it is most often the case, the deposit will be returned to you in full, the moment everybody left the yacht (incl. all luggage). Not any different to renting a car, right?
If you do not feel comfortable with the security deposit, you can also decide to pay a non-refundable fee, which basically releases you from all liability up to the amount of the said security deposit if you wish, except of course if related to gross negligence or to a wilful act.