Tubber is a member of EIS insurance, which guarantees the consumer to get his prepaid travel money back

Why EIS insurance?

Tubber is a member of EIS insurance, which guarantees the consumer to get his prepaid travel money back if the other party is unable to fulfill the consideration due to financial inability. Not only does EIS cover the financial insolvency of Tubber, but also the local charter party. All parties are insured in this case, so you can enjoy a carefree sailing holiday!


§ 1 Scope of insurance cover
The insurer cover the loss of the legally existing claim for repayment of a boat / yacht or berth charter price paid by the charter customer in the contract year due to the non-performance of the service as a result of the bankruptcy of the insured charter agency or brokered charter operator;  takes all the costs for the legal assertion against the chartr agency or insured charter operator after positively checking the claim and its enforceability and only by an advocate named by the insurer.

We also help in the Corona crisis!

If a charter operator cannot provide the yacht to the charter client due to the Corona crisis and the payment already made is converted into a voucher for the charter client, the insurance cover of the charter seal also extends to this voucher. The prerequisite for the insurer's benefit is that the validity of the voucher is limited to a maximum of 18 months, calculated from the charter check-in date that was actually contractually agreed first.

Example: Tubber goes bankrupt and has not yet forwarded the customer funds to the charter base. The client's money falls into the insolvency estate. Neither the chartered vessel nor a replacement vessel are made available to the charter client by the insured charter operator at the agreed time due to its bankruptcy.

§ 2 Scope
The insurance applies worldwide.

§ 3 Compensation and insurance sums
  1.  Court costs and lawyer’s fees with regard to the enforceability of the charter price repayment.
  2. In the case of bankruptcy of the charter agency, the collected, not forwarded and not refunded charter price up to a maximum amount of 20,000 EUR/charter.
  3. In the case of bankruptcy of the charter operator the charter price paid and not compensated up to a maximum of 20.000 EUR/charter.
  4. A pro-rata service has to be charged in relation of the total charter and the complete price.
  5. The insurer's payment is limited to a maximum of 33% of the total charter price up to 6 weeks before the start of the charter.
  6. For all clients concerned a cumulative limit of 110.000 EUR per bankruptcy of the charter agency or brokaged charter operator is deemed as. Shall the amount exceed this limit the single refund claims will decrease in relation to which the total amount stands to the maximum amount.

§ 4 Exclusions
Excluded from the insurance cover is:

  1.  The loss of the charter if the charter operator had provided another yacht with the same amount of cabins and the charter client refused it. (Replacement yacht definition according to the general charter conditions: A yacht with a comparable size, amount of cabins or berths, equipment and age whereby the age only differs by one or two years);
  2. An acceptable loss of 24 hours per charter week due to, for example, a delayed return of the previous charter client or a repair;
  3. The loss of the charter due to a reason which are the fault of the charter client or which the client already knew even before concluding the charter contract;
  4. Reductions of the charter price due to dissatisfaction or the lack of promised characteristics (as, for example, cleanness, dinghy, out border, additional sails, etc.) as far as therefore, the driving ability of the chartered yacht is still ensured;
  5. Charter prices whose are not paid directly to the intermediary agency or charter operator by bank transfers (bank transfer, direct debit, and credit card).
  6. The bankruptcy application given to the bankruptcy intermediary charter agency or charter operator even before the conclusion of the charter contract.

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