Yes and it is recommended! Some charter companies have their own trip insurance that will be offered when reserving your charter. Or, with any charter you can purchase trip insurance from one of our recommended companies for approximately 7% of your charter amount, see Link. Although no one expects to cancel their charter, last minute emergencies do happen. All companies have a no refund policy at a certain time before the charter - please see the cancellation policies posted on the individual bareboat company's rate pages. There are only a small percentage of charters that are cancelled, but in these cases the outcome is much better with trip insurance involved.