LM 24 insurance: calculate your premium
Model page, insured as a sailing boat
We insure the LM 24 as a sailing boat, regardless of the year it was built, where you bought it or how many owners it had. Liability, hull, legal expenses and personal accident cover from one house, taken out online in five minutes.
At a glance
- Make
- LM
- Type of boat
- sailing boat
- Length overall
- 7.20 m
- Built
- 1966 to 1987
Length from our boat catalogue for the 1966–1987 build years. Beam and engine are in your papers; what they record is what counts.
Premium, example
€308 a year
or €26 a month if paid monthly
Liability and hull · boat value €8,000 (market value) · built 1979 · North Sea and Baltic
Finance, example
€73 a month
Purchase price €8,000 (market value) · 20% deposit · 10 years · 6.9% interest assumed
Worked example, not a finance offer. The lender decides on the rate and on approval.
LM 24: cover, cost and conditions
LM 24: for the premium the model name is not the deciding figure. What counts is the type of boat, its year, its value, its engine output and the waters you sail, the five entries you make in the online calculator.
For the LM 24: On a sailing boat the condition of rig and fittings decides. A dismasting from a gust or a collision is covered, worn terminals after twenty years are not. Sails and standing rigging are included under full cover.
What does cover for a LM 24 cost? The premium starts from €39 a year for a sailing boat, from €49 for a motorboat. For a LM 24 at the usual market value of €8,000 the premium is €308 a year: liability and hull in Basis-Plus, North Sea and Baltic, about 35 m² of sail, hull excess €250, paid annually. Hull cover accounts for €219, liability for €89. Tariff as of 03.11.2026, your own boat may differ. Hull cover follows the value: partial cover answers for fire, storm, lightning, theft of the whole boat and damage in winter storage; full cover adds collision, grounding, vandalism and theft of parts. On a total loss we pay the agreed value, and in the Premium tariff with no deduction for new-for-old.
Bought used, imported or ordered new: we write the LM 24 with a berth in Germany and abroad alike. The international certificate of insurance reaches you automatically in ten languages, and taking cover out before the handover pays off, because transport and the first launch are then already covered.
Not to be mixed up with its sisters: this is the LM 24, number twenty-four.
What is a used LM 24 worth?
A used LM 24 built between 1969 and 1984 in average condition is typically worth between €6,900
and €10,900 today.
Well kept boats with recent engines sit above that, boats with defects below.
| Year built | typical range | midpoint |
|---|---|---|
| 1984 | €8,500 to €10,900 | €9,700 |
| 1983 | €8,000 to €10,200 | €9,100 |
| 1982 | €7,700 to €9,800 | €8,700 |
| 1981 | €7,400 to €9,400 | €8,400 |
| 1980 | €7,300 to €9,300 | €8,300 |
| 1979 | €7,000 to €9,000 | €8,000 |
| 1978 | €7,000 to €9,000 | €8,000 |
| 1977 | €7,000 to €9,000 | €8,000 |
| 1976 | €7,000 to €9,000 | €8,000 |
| 1975 | €7,000 to €9,000 | €8,000 |
| 1974 | €7,000 to €9,000 | €8,000 |
| 1973 | €7,000 to €9,000 | €8,000 |
| 1970 | €6,900 to €8,800 | €7,900 |
| 1969 | €7,100 to €9,100 | €8,100 |
With agreed-value cover, the agreed sum counts after a total loss of your LM 24;
with actual-value cover, the value at the time.
Does your sum still fit?
Each extra year of age takes about 1% off the value of a LM 24.
Market today
For sale in November 2026
7
Typical asking price, 1978 boat
€9,100
Our value, 1978 boat
€8,000
Asking prices against our value
+14%
In November 2026 we found 7 boats of the LM 24 for sale.
Typical asking price for a 1978 LM 24: €9,100.
Our value for a LM 24 of that year: €8,000.
Asking prices for the LM 24 are about 14% above our value.
What changes hands is usually less than the asking price.
Boats for sale now and how we rate them
How we rate the 7 boats of the LM 24 we found for sale most recently.
1982
Germany
1978
7.32 m, Sweden
1978
7.20 m, Switzerland
1977
7.32 m, Denmark
1977
Denmark
1977
7.32 m, Denmark
1976
Germany
As of November 2026.
Prices and details come from the listings.
Whether the boat is still for sale is shown in the listing.
Our assessment assumes average condition.
Estimate from our boat records, checked regularly against asking prices. As of November 2026. Not a survey.
Frequently asked
Does NAMMERT insure the LM 24?
Yes.
Neither the make nor the model decides whether the LM 24 is insurable.
What counts is the type of boat, its year, its value, its engine output and the waters you sail.
What does cover for a LM 24 cost?
Cover starts from €39 a year for a sailing boat, from €49 for a motorboat.
For a LM 24 at the usual market value of €8,000 the premium is €308 a year:
liability and hull in Basis-Plus, North Sea and Baltic, about 35 m² of sail, hull excess €250,
paid annually.
Hull cover accounts for €219, liability for €89.
Tariff as of 03.11.2026, your own boat may differ.
The exact premium takes a few minutes in the online calculator, with no contact details required.
My model is spelled slightly differently, does this page still apply?
Yes.
Spellings and suffixes of the LM 24 vary with the papers and the model year.
Enter the name as it appears in your documents; the technical figures decide premium and cover.
On a total loss, do I get the replacement value?
Under full cover, yes: the LM 24 is settled at the agreed value,
and in the Premium tariff without limit and with no deduction for new-for-old.
Can I switch from my existing insurer?
Yes.
Our switching service cancels the old contract for your LM 24 free of charge,
you pay only once it has run out,
and you keep a permanent switching discount.
Other models by this make
LM 24 insured in five minutes.
Calculate your insurance premium online, policy the same day, or call us: +49 3375 / 29 12 77.
