Top 10 Reasons Smart Yacht Charterers Buy Travel Insurance

MGM Yachts is proud to offer world class travel insurance and global assistance services through Allianz Global Assistance. Protecting your hard earned charter vacation dollars and being prepared for unexpected circumstances will help ensure that your entire yacht charter vacation from getting there to going home is full of rest and relaxation. Trip Insurance will give you peace of mind that you and your family will be protected before and during your travels, no matter what life throws at you. With this added protection we’ve been able to help numerous clients through unanticipated travel delays, bad weather, lost luggage and medical emergencies in foreign countries.

In addition to the endorsements of our valued clients who have benefited from this insurance coverage, here are 10 reasons why smart yacht charter clients choose this travel insurance for what's ahead.

1. Life is unpredictable. Some trips need to be cancelled.

With travel insurance, you don't have to pay for a trip you are unable to take.

2. Most lost luggage takes five days to return to its owner.

This Trip Cancellation / Interruption insurance provides coverage to replace needed items right away. source:

3. Lost or forgotten medication?

Having this coverage will provide you with assistance locating a pharmacy to purchase a new prescription. source: Insurance Providers

4. 30%-50% of travelers stateside and abroad will become ill or injured during their trip.

That's almost one out of every two travelers. Trip insurance can provide peace of mind - especially when traveling outside the United States, where many hospitals request cash payments in the thousands before treatment can even begin.

5. Health insurance may not go the distance.

The majority of health insurance (including Medicare), worker's compensation insurance, third-party and personal liability policies don't cover international travel. In fact, a closer look at the inside of your passport will reveal that the government recommends travel insurance when traveling outside the United States.

6. In the event of a natural disaster, airline strike or act of terrorism, airlines will not refund the cost of your ticket.

This Trip Cancellation / Interruption Insurance can cover your cost and help you and your family get home quickly and safely. source:

7. Credit card coverage, homeowners and auto insurance? None of these provide sufficient coverage for travel nor will they cover the cost of your yacht charter vacation.

Even combined, they may not offset the cost of a medical emergency overseas.

8. Inclement Weather, Tropical Storms and Hurricanes.

It is impossible to predict weather patterns around the world, and with yachting and oceans its not wise to ignore the possibility that inclement weather could affect your yacht charter vacation. For example, in the event of a named tropical storm or hurricane your yacht charter could be cancelled or cut short in order to protect the safety of the guests, crew and the yacht. Fortunately with this Trip Cancellation / Interruption insurance in place you would be able to not only recoup non-refundable costs associated with your yacht charter, but the added cost of having to change flights and other unanticipated expenses.

9. Even the most stable of travel suppliers can default quickly.

If an airline, yacht charter provider or tour operator ceases operations due to financial hardship or bankruptcy, travel insurance saves travelers from paying for a trip they'll really never get to take. source: Squaremouth Press Release

10. We all experience tough economic times.

The loss of a job or other income might mean a trip planned in advance may have to wait. Travel insurance puts cash back into the hands of travelers when they need it most.

Remember, peace of mind is priceless. Protect yourself and your travel investment with innovative trip insurance products by Allianz Travel Insurance. Call us for more information or to Get a Quote.