Our yachts are insured against fire, marine and collision risks, third party liability and any part or total loss or damage, in excess of the amount of the “security deposit” which any client pays at the departure base. For liability to third party is deemed to include cover at least as follows:
1. Loss of life, personal injury or illness € 293,470
2. Loss or damage to any other vessel or property € 146,735
3. Pollution Expenses € 88,041
The amount of the security deposit is returned to the charterer at once after the inspection of the boat, its gear and inventory list by the skipper and our representative. (Minor) damages or loss, made during the charter time, are estimated and charged after this procedure accordingly.
NOTE: The security deposit does not cover fuel/ water consumption, end-cleaning expenses, delay of re-delivery of the yacht without prior agreement with Galazio Sailing and any results of gross negligence which may raise legal actions against the author(s).