Yacht Insurance
Yacht Insurance
Sail with Confidence, Navigate with Assurance: Yacht Insurance Excellence
When you own a yacht, you get freedom and adventure, but there’s also the issue of making sure such a valuable asset is protected. This is where the right yacht insurance can be priceless, covering both out on the water and back in the harbour.
At Arkwright Private Clients, we understand that your yacht is a statement of lifestyle, and our policies give you coverage that fits like a glove. This means you get agreed value cover, worldwide cruising protection, and access to a specialist claims handling team.
No matter how you make use of your vessel, our expert brokers will give you a personalised service that caters to every aspect of yacht ownership , allowing you to enjoy every moment at the helm.
What’s Included in Your Yacht Insurance?
When you own a yacht, you want to be able to enjoy it without worrying about what might go wrong. Our yacht insurance is designed to cover the real risks that exist, whether you’re out at sea or moored in the harbour.
Options include:
- Cover for hull and machinery to take care of repairs or full replacement
- Third-party liability in case someone gets hurt or something gets damaged while you’re on the water
- Protection against collisions or grounding
- Cover for theft and piracy – especially important if you’re heading abroad
- Transit insurance for when your yacht is being moved by road, sea, or air
- Flexible options for seasonal use, private leisure, or chartering
- Agreed value cover so your yacht is insured for what it’s really worth
The best yacht insurance policies are built around how people actually use their vessels, and a good broker should also understand the lifestyle and the type of cover that will give you confidence on the water.
Types of Yacht Insurance
Even within the niche world of car collectors, the needs of one customer aren’t necessarily going to suit another. Even within a collection, you’ll have cars that need different types of protection, and our car collection insurance delivers.
Hull Insurance
This is the cornerstone of any yacht insurance policy , covering damage to your vessel’s structure and the machinery that drives it. Whether you experience a collision or mechanical failure, this will ensure any repairs are taken care of.
Third-Party Liability Insurance
Whether you’re hosting friends or entertaining clients, accidents can happen — on deck or even just stepping aboard. Third-party liability insurance helps protect you if someone gets injured or their property is damaged while on your yacht.
Charter Insurance
Thinking of renting out your yacht? If so, you’ll need more than just a private-use policy. Charter insurance is built for the added risks that come with guests, wear and tear, and running things commercially.
Semantic keyword
Transit Insurance
Moving your yacht by land, sea, or air brings with it its own set of risks. Transit insurance covers damage or loss during these moves, ensuring your yacht stays protected no matter where it’s going.
Crew Insurance
When you have a professional crew onboard, crew insurance is critical. It covers liabilities related to crew injuries and provides protection that’s aligned with current maritime employment laws.
Agreed Value Cover
Unlike market value policies, agreed value cover locks in a pre-determined value for your vessel. This gives you clarity and peace of mind if you need to make a claim, as you won’t face any depreciation disputes.
Selecting the right combination of these coverages ensures your yacht insurance matches how you use and care for it, giving you the complete protection you need.
Things You Should Know About Yacht Insurance
- Valuation matters – Every yacht is different. Agreed value cover based on a proper valuation means you’ll know exactly what payout to expect if something happens.
- Seasonal use and lay-up cover – Not using your yacht year-round? Laid-up cover protects it while moored or stored against theft, fire, or other risks when it’s out of action.
- Navigation and usage limits – Most policies set limits on where you can sail. Go beyond them without telling your insurer, and you might not be covered.
- Ongoing maintenance – Regular maintenance matters. If something fails due to neglect, it could affect your claim or future premiums.
Understanding these details makes it much easier to choose cover that genuinely fits how you use your yacht. Also, our experts are there to guide you and ensure nothing gets missed.
Why Choose Us for Yacht Insurance?
With so many moving parts to yacht ownership, it helps to have coverage that’s built around how you actually use your vessel. At Arkwright Private Clients, we work with yacht owners of all kinds, tailoring cover to each one.
We offer:
- Custom yacht insurance designed to reflect your use, location, and ownership model
- Support for private cruising, chartering, or seasonal lay-up, with no hidden gaps in your insurance
- Expert help in navigating valuation, crew liability, and transit risks
- Access to agreed value options, so your vessel is insured for what it’s worth
- Ongoing support from brokers who understand the lifestyle and the risks that come with it
You’re not buying a one-size-fits-all policy with us. Instead, you’re getting a specialist partner who understands what your yacht means to you and how to keep it properly protected.
Yachts & Boat Insurance Benefits
What is a Yacht Insurance?
Yacht insurance protects your investment in a boat against potential risks, much like car insurance. It covers damages, theft, liabilities, and more, providing peace of mind for yacht owners.
Liability Cover up to £10M
We can cover for Sales & Servicin including Boat Hire Insurance
Yatchs & Sailing Boats Insurance
Specialised in Marine Insurance
Motor Cruiser
Motor Cruiser and PowerBoat Insurance
Speed Boat Insurance
Tailored to meet the needs of high-speed vessels, machinery and equipment
RIB Insurance
Comprehensive Cover for Rigid Inflatable Boat Insurance
More Insurance For Marine
Insurace for Dinghy, Personal Watercraft & Jet Ski, Canoe, Efoil, Rowing Boat, Sup & Windsurfer & More
FAQ
What does yacht insurance typically cover?
It generally provides protection against risks like damage, theft, fire, and liability for injuries or property damage caused by your vessel. Coverage often extends to onboard personal items, towing, and emergency services as well.
Is yacht insurance mandatory?
While it isn’t legally required everywhere, many marinas, lenders, and coastal authorities require proof of adequate coverage to dock or finance a vessel.
How is the cost of coverage determined?
Premiums depend on factors like the yacht’s value, size, age, location, usage (private or charter), and your boating experience. Custom features and safety equipment can also influence rates.
Are there different types of policies for yachts?
Yes — options typically include comprehensive, liability-only, and specialised coverage for racing, international travel, or high-value vessels. Policies can be tailored to match your specific boating lifestyle.
Does it cover international waters?
Many policies offer worldwide or extended navigational limits, but it’s important to confirm with your provider. Additional coverage may be needed for certain regions or activities.
Can personal belongings on board be insured?
Absolutely — most policies allow you to insure valuables, electronics, and personal effects onboard against loss or damage.
What should I consider when choosing a yacht policy?
Evaluate factors like coverage limits, exclusions, deductibles, claim handling reputation, and optional add-ons like towing assistance or uninsured boater protection.
How do I file a claim if something happens?
You’ll typically need to notify your insurer promptly, provide incident details, photos, and relevant documents like repair estimates or police reports. Many insurers offer online claim filing for convenience.
What types of damage are covered by yacht insurance?
Most yacht insurance policies cover damage to the hull and engine, storm or weather-related incidents, theft, and accidents like collisions or grounding. Cover depends on your policy, so it’s worth checking the small print.
How do I work out how much coverage I need?
Start with a professional valuation of your yacht, then think about how you use it — whether it’s just for private trips, international cruising, or charters with a full crew. A broker can help you match your cover to your vessel and lifestyle.
Can I get cover for sailing abroad or ocean crossings?
Yes, many policies include or can add worldwide cruising extensions. Just make sure you check the navigation limits in your cover and let your insurer know if your plans change.
What’s the difference between agreed value and market value?
Agreed value cover means you and your insurer agree on what your yacht is worth upfront, meaning there’s no depreciation, no surprises. Market value changes over time and could reduce your payout if you make a claim.
Does yacht insurance include personal items on board?
Sometimes. Some policies include limited cover for personal belongings, but you might need a separate endorsement or add-on for full protection. Always double-check what’s included.
What if my yacht gets damaged during transport?
That’s where transit insurance comes in. It protects your yacht when it’s being moved by road, sea, or air, covering damage or loss.
Are there exclusions I should know about?
Yes. Typical exclusions include wear and tear, poor maintenance, unlicensed operation, or sailing beyond approved zones. Every policy’s different, so take the time to read yours closely.