Yacht Insurance

If you experience a collision or mechanical failure, this cover protects against any damage to your vessel’s structure and the machinery, and will ensure any repairs are taken care of.

If you’re planning on hosting a party with family and friend, or entertaining clients, we all know too well that accidents can happen. Our third party liability insurance will help protect you if someone gets injured or if any property is damaged whilst on or getting off your yacht.

If you’re looking to rent out your yacht, the standard private use policy is not enough. Charter insurance is focused around the risks which come with guests, wear and tear, and commercial use of the yacht.

Transit insurance covers damage or loss whilst moving your yacht by land, sea, or air. This ensures your yacht stays protected no matter where it’s heading.

If you have a professional crew onboard, crew insurance is critical. This covers any liabilities related to crew injuries as well as protection alongside maritime employment laws.

An agreed value cover is a pre agreed value for your vessel’s true worth. This will give you peace of mind knowing that if you ever need to make a claim, you won’t be stung financially over the value of your yacht.

Yacht insurance covers against risks like damage, theft, fire, and liability for injuries or damage caused by your vessel. This cover can also extend to onboard personal items, towing, and emergency services too.

It’s not legally required everywhere, however, without insurance, you may find it difficult to dock or finance it.

This can depend on various factors such as, the yacht’s value, size, age, location, usage, and your personal boating experience. It can also be influenced by safety features and any modifications.

Yes, there are many different policy options available. These can include comprehensive cover, liability only, and specialised coverage for racing, international travel, or higher value vessels. Insurance policies are often tailored to match your specific requirements.

Most insurers offer worldwide cover as well as navigational limits. These terms are usually agreed upon at the start of your policy.

Yes! Most insurance policies allow you to protect valuables onboard, such as electronics and personal items against loss or damage.

It is important to look at details such as cover limits, exclusions, claim handling process, and optional cover such as towing assistance or uninsured boater protection.

You would usually be required to notify your insurer as soon as possible and provide information regarding the incident, any photos, and all relevant documents for things like repair estimates and police reports.

Depending on the level of cover you choose, most yacht insurance policies provide protection against theft, accidental damage, collisions, and damage from grounding. Cover can also include damage to the hull and engine, as well as against storms, adverse weather conditions, and other natural incidents.

The best place to start is by having a professional valuation of your yacht carried out, and then thinking about how you would be using it. This could be for personal trips, international travel, or chartered cruising. A broker can help determine the level of cover required for your requirements.

Yes! Most policies include worldwide cruising. However, you would need to check the navigational limits within your cover.

Agreed value cover is set between you and your insurer in terms of what your yacht is worth when it comes to payout. Market value varies over time which could affect your payout if you make a claim.

Some policies include cover for personal belongings too. However, always double check what’s included within the terms and conditions of your policy.

This is covered by transit insurance. This protects your vessel against any loss or damage whilst being transported by road, sea, or air.

Most policies will have some form of exclusions; therefore, it is best to check the fine print. Exclusions are generally due to wear and tear, poor maintenance, unlicensed operation, or sailing in unauthorised areas.