Hull insurance
Agreed value, not market value
The difference between the two shows up exactly once: the day the boat is a total loss. Market value pays what a fifteen-year-old hull is worth that morning. An agreed value pays the sum we set down together, in writing, before anything happened.
Partial cover and full cover
Partial covers what happens to the boat with nobody at the helm. Full adds what happens while she is being sailed.
The clauses that decide a claim
Worth comparing in any quote, not only in ours.
Unlimited agreed value in Premium
Paid without an argument about depreciation, and adjustable when the boat changes. Other wordings fix the value at inception and will not raise it.
No new-for-old deduction
Fit a new part after partial damage and we do not deduct the betterment. Common among specialists, check it anyway.
Osmosis up to 48 months
Covered in Premium within that period. An osmosis treatment runs into five figures, so it is a line worth reading.
Salvage and wreck removal
Paid in addition to the settlement, not out of it. Deducted, there would be nothing left to repair with.
Gross negligence to 50 %
Waived up to 25 % of the sum insured from Basis-Plus and 50 % in Premium; a percentage, not a fixed cap in euros.
Craning, lifting and winter storage
Included in partial and full cover, in a foreign yard as well. The marina insures its buildings, not your boat.
Plainly said
Wear and tear is not a claim
An engine that gives up after twelve seasons, a sail that splits because it is old, a battery losing capacity; that is ageing, and no hull policy pays for it. The border between ageing and a sudden loss is where most claims are declined.
What helps is paperwork: documented servicing with invoices shows the failure did not come from neglected maintenance. That is what the maintenance record is for, printable, one sheet.
Setting the sum
What value should we agree?
The purchase price or a recent survey is enough to start. If a refit has raised the value, we adjust it, in Premium without an upper limit.
Before you sign
The three questions you actually have
Not “what does it cost”; 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?”
We are an Assekuradeur; a managing general agent that underwrites and settles claims under its own authority. Our own claims department, appointed surveyors, more than 2,000 partner yards. Cover checked within 24 hours, release or a survey appointment within 48. We settle directly with the yard; 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 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 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 →