Compare tariffs
The premium difference shows every year. The cover difference shows once.
And that once is usually expensive. Both, the difference that shows every year and the one that shows once, are set out below, without decoration.
| Benefit | Basis | Basis-Plus | Premium |
|---|---|---|---|
| Third-party liability | €10m | €25m | €50m |
| Hull cover | Named perils: storm, fire, theft of the whole boat | Full hull | Full hull |
| Agreed value | No, market value with age deductions | Up to five years, or while market value reaches half the sum | Yes, no age limit, adjustable |
| Gross negligence | Reduced by degree of fault | No reduction up to 25 % of the sum | No reduction up to 50 % of the sum |
| Salvage and wreck removal, if ordered by an authority | Up to the sum insured | €1m, on top of the settlement | €2.5m, on top |
| Excess on total loss and theft | n/a | None | None |
| Outboard theft | No | Included, with a locking bolt or in a locked building | Included, with a locking bolt or in a locked building |
| Osmosis | No | No | Up to 48 months |
| Outside the agreed area | n/a | n/a | Six weeks a year |
| Trailer and tender in liability | Neither included | Tender included; trailer in liability at no extra premium from Basis-Plus if named with its value | Tender included; trailer in liability at no extra premium in Premium if named with its value |
| Club racing | No | Included | Included |
| Hurricane exclusion | None | None | None |
A guide based on our own wording. Your policy governs; ask us for it before you sign, and read it.
Which one fits which situation
Basis
A small boat, or a certificate for the marina
Liability plus named-perils hull cover at market value: storm, fire, theft of the whole boat. It makes sense when the hull is worth little enough that you could carry an accident yourself.
Basis-Plus
The usual choice
Full hull cover with an agreed value, gross negligence to 25 %, and no excess on total loss or theft. For most boats kept in Europe this is the balance point.
Premium
High value, or sailing far
Agreed value with no age limit, gross negligence to 50 %, osmosis up to 48 months and six weeks outside the area. Past a certain sum the premium difference is smaller than the risk it removes.
With any insurer
How to compare two quotes properly
Write down what the policy wording says, not what the brochure says. If a figure is missing, ask in writing; if the answer stays vague, that is an answer in itself.
Agreed value or market value, the line that decides a total loss.
A sub-limit per injured person, not only the overall liability cap.
Gross negligence: a percentage of the sum, or a fixed cap in euros.
Salvage: paid on top of the settlement, or taken out of it.
Cruising area, and whether cover runs all twelve months.
Excess: amount, exceptions, and whether it falls with claim-free years.
At the end compare the amount invoiced, not the premium: policy fee, issuing charge and instalment loading all add up.
Not sure
Which of the three makes sense for you?
Tell us the value of the boat and where she lies. In two minutes we will say which tariff fits and which would be money wasted.
Before you sign
The three questions you actually have
Not “what does it cost” for your boat in any of the three tariffs; you can work that out yourself in a minute. These are the three nobody asks an insurer out loud. Here they are, with the answers we can back up.
“Will they actually pay?”
As your broker we handle the claim with you, your boat in any of the three tariffs included: one report to us, then we arrange the surveyor and one of more than 2,000 partner yards and follow it through to payment. The yard invoices directly; you pay the deductible and nothing else.
What happens in the first 48 hours →“Who picks up the phone?”
A family firm since 1989, now in its second generation, with three of its own offices: Königs Wusterhausen near Berlin, Salzburg and Palma de Mallorca. No call centre, no franchise. You get a named contact for your boat in any of the three tariffs from the first hour; and after office hours, a number somebody answers.
Out of hours: +49 3375 29 28 95 →“And if I choose wrong?”
Find the same cover for your boat in any of the three tariffs cheaper elsewhere and we make up the difference. Our comparison sets seven providers against the same criteria; including the segments where somebody else comes out ahead of us, and the one where we are the most expensive in the field.
Price guarantee →When we are not the right fit →