Insuring GSM
motor yachts · several countries
GSM builds motor yachts in several countries. NAMMERT insures boats of this make regardless of year built or where you bought them, liability, hull, legal expenses and personal accident cover from one house, taken out online in five minutes.
At a glance
Origin
several countries
Class
motor yachts
Typical sizes
Premium from
from €49 a year for liability
Worth knowing
GSM; cover, cost and conditions
Four motor yacht ranges are recorded, the GSM 35, 37 and 41 as well as the GSM Trawler 37, built between 1977 and 1985. At the beginning of every contract for such a boat stands third-party liability, because it covers the damage you cause to others with the boat.
NAMMERT offers it with a limit of indemnity of 10 to 50 million euros in the tariff levels Basis, Basis-Plus and Premium. Only then do limited hull cover and full hull cover build on it. Many harbours require proof of third-party liability before a berth is allocated at all.
For yachts from this construction period the agreed value is also important. It is set when the policy is taken out, settlement is made with no deduction for depreciation ("new for old"), in the Premium tariff without an age limit. The year of build, the place of purchase and previous owners do not stand in the way of a policy.
Questions and answers
Frequent questions
Why does third-party liability come first?
It covers damage you cause to others and is the basis of every contract. NAMMERT offers a limit of indemnity of 10 to 50 million euros in the levels Basis, Basis-Plus and Premium.
Is full hull cover worthwhile for a yacht from the eighties?
The decision depends on the agreed value. Through the agreed value this is stated in the contract, and settlement is made with no deduction for depreciation ("new for old"), in the Premium tariff without an age limit.
The cover that fits
For the whole class of boat
What matters for motor yachts is the same across every brand; engine output, how a claim is settled, cruising range and theft protection. The class page lists every point and every brand in this class.
Other builders in this class
All makes by type of boat
motor yachts
Ohne Zuordnung
motorboats and sports boats
sailing boats and sailing yachts
dinghies and small craft
inflatables and RIBs
jet skis and boards
houseboats and electric boats
catamarans and multihulls
boat trailers
Katamarane & Trimarane
Nautical information What counts before you cast off, papers, equipment, waters
Licence
A powerboat licence (inland or coastal) is required from 15 hp (11.03 kW).
Registration
Registration from 3 hp; for trips abroad carry the boat certificate or flag document.
Waters
Inland, coastal and abroad; plan fairways, bridge clearances, draught and tides.
Equipment
Lifesaving gear, fire extinguisher, anchor, signalling equipment and correct navigation lights.
Cruising range
The agreed cruising range is stated in the policy and can be extended at any time.
Weather
Check wind force in Beaufort and wind direction before casting off, and allow for gusts.
General guidance, not a complete account; what governs are the rules of the waters you are on and your boat’s manual. Current wind force and direction for your waters are shown on the Home.
Series by GSM, build years and cover
GSM 35 is a motor yacht from GSM, built from 1978 to 1985.
GSM 37 is a motor yacht from GSM, built from 1978 to 1985.
GSM 41 is a motor yacht from GSM, built from 1978 to 1985.
GSM Trawler 37 is a motor yacht from GSM, built from 1977 to 1984.
For a series of this age there is no list price left. That is why we work with an agreed value: you state the figure, we agree it, and in a total loss exactly that amount is paid, with no deduction for wear.
On motor yachts the drive and the electronics together make up about half the value. Both belong in the valuation, otherwise the sum insured is too low.
GSM insured in five minutes.
Calculate the premium online, policy the same day, or call us: +49 3375 / 29 12 77.
