Insuring Otam: cover and premium
motor yachts · Italy
Otam builds motor yachts in Italy. NAMMERT insures a Otam regardless of year built or where you bought it, liability, hull, legal expenses and personal accident cover from one house, taken out online in five minutes.
At a glance
Origin
Italy
Class
motor yachts
Typical sizes
13 to 25 m
Premium from
from €49 a year for liability
Worth knowing
Otam; cover, cost and conditions
Two model ranges are recorded, the Otam Millennium 45 and 55 since 2000 as well as the Otam 70 and 80 HT since 2010. They are fast custom motor yachts from Genoa with lengths from 13 to 25 metres, designed for high sustained speed. For the premium, engine power is one of the figures that count.
Alongside it, type of boat, value, year of construction and cruising range are taken into account, while the name of the yard is left out. Up to a sum insured of 2.5 million euros the policy is taken out online, above that an individual review of the contract follows. This limit depends solely on the sum insured.
Third-party liability is available with a limit of indemnity of 10 to 50 million euros, graded across Basis, Basis-Plus and Premium. Under full hull cover the value is arranged as an agreed value and replaced with no deduction for depreciation (new for old), in the Premium tariff with no age limit. Craning, launching and winter storage are included.
Questions and answers
Frequent questions
How does the engine power of an Otam affect the premium?
For Otam: It is one of the figures from which the premium is derived, alongside type of boat,
value, year of construction and cruising range.
The name of the yard, by contrast, does not enter into it.
What applies above a sum insured of 2.5 million euros?
For Otam: Then an individual review follows.
Up to that amount the contract can be concluded online,
and in both cases the third-party liability remains selectable with a limit of indemnity of 10 to
50 million euros.
The cover that fits
motor yacht insurance
Tariffs, cover and FAQ for motor yacht insurance in detail.
Third-party liability
The foundation for a boat from Otam: damage to third parties, worldwide,
from €49 a year for liability.
Hull cover
Partial or full hull cover for a Otam, at replacement value with an agreed fixed value.
For the whole class of boat
For Otam: 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, Otam included.
Other builders in this class
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 the manual of your Otam.
Current wind force and direction for your waters are shown on the Home.
Series by Otam, with value and cover
Otam Millennium 45 / 55 is a motor yacht from Otam (Italy), built since 2000,
and today changes hands at between €690,000 and €1,600,000.
Otam 70 / 80 HT is a motor yacht from Otam (Italy), built since 2010,
and today changes hands at between €2,400,000 and €4,800,000.
As the Otam Millennium 45 / 55 and Otam 70 / 80 HT by Otam series are still in production,
parts are available and repair costs are predictable.
Even so, value it at replacement cost including retrofitted electronics, not at list price.
For the Otam Millennium 45 / 55, Otam 70 / 80 HT by Otam series:
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.
The Otam range in figures
These figures come from the model records we keep for Otam: boat type, build years and length,
nothing estimated.
- motor yacht
- 15 models, since 2002, mostly 15.2 to 30.5 m
Which model was built when?
What does a used Otam cost?
We hold today’s price ranges by year for 4 models by Otam.
The table shows what boats in average condition are worth,
from the oldest to the youngest year on record.
Choose your exact model, year and condition in the calculator.
| Model | Years built | Range today |
|---|---|---|
| Delirium 50 | 2006 to 2009 | €239,100 to €355,300 |
| Heritage 45 | 2005 to 2009 | €160,800 to €321,900 |
| Otam Millenium 45 | 2010 to 2021 | €241,000 to €760,500 |
| Otam Millenium 50 | 2013 to 2018 | €322,700 to €675,400 |
Estimate from our boat records, October 2026.
Not a survey.
Otam insured in five minutes.
Boat type, year built, length and value of your Otam are all we need.
Work out the premium online or call us: +49 3375 29 12 77.
