Yacht insurance

There is no fixed definition. At sea, ten to seventeen metres is the usual range; on inland waters six to fifteen metres. For insurance purposes the label matters less than value, equipment, cruising range and use.

We recommend the premium approach from roughly €150,000 insured value, for long-distance cruising, for berths outside the EU, for charter operation, for high engine output and for yachts with extensive technology and electronics.

An unlimited agreed value with no staggered deductions and no new-for-old reductions on partial losses. Machinery cover as an all-risks extension for main engine, gearbox, shaft and propeller as well as cooling, water treatment and power generation systems.

Personal effects up to €6,000, dinghy and tender without a separate policy, a jet ski insurable as a tender without power limit, accident cover up to €500,000 for owner, family and crew, and claims between crew members included.

A 24/7 claims hotline, towing to the nearest harbour and breakdown assistance. After an accident or defect: contact with specialist lawyers, spare parts sourcing, accommodation, a replacement skipper to bring the yacht home and support in dealing with authorities, hospitals and banks.

Private hire of up to 30 days a year is included; commercial charter is selected explicitly in the calculator, with one policy per commercially used vessel. On sale the policy ends; with existing hull cover a provisional cover of one month applies from the change of ownership, based on the price stated in the bill of sale and capped at the previous sum insured.