Insurance Products
Yacht and Boat Insurance
Yacht and boat insurance protects marine craft against collision, sinking, fire, grounding and storm damage, together with third party liability exposure.
At a glance
- Status
- Optional
- Core cover
- 5 sections
- Quote turnaround
- Same business day
Hull cover protects the vessel's structure, machinery and equipment. Scope depends on the navigation area (cabotage, Mediterranean, worldwide), the age and construction material of the vessel and its use — private, commercial or charter. A separate lay-up cover is arranged for boats stored ashore over winter.
Liability exposure at sea is more complex than on land. Collision with other vessels, damage to marina facilities, passenger injury and pollution from fuel leakage can lead to substantial claims. P&I (Protection & Indemnity) cover addresses these liabilities and is usually a condition of marina berthing.
Standard private-use policies do not apply to vessels chartered commercially. Failing to declare charter activity can void cover entirely at claim time. Crew liability and passenger personal accident benefits must be structured separately in such policies.
What Is Covered
- Hull cover
- Covers collision, sinking, fire and grounding damage to hull, machinery and equipment.
- Third party liability (P&I)
- Covers damage to other vessels, marina facilities and third parties.
- Pollution liability
- Covers clean-up costs arising from fuel or oil leakage.
- Crew and passenger personal accident
- Covers accidental death and disability of persons on board.
- Lay-up and haul-out
- Covers lifting, launching and storage risks while the vessel is ashore.
Who Is It For?
- Owners of private yachts, boats and speedboats
- Charter and blue cruise operators
- Marina operators and marine tourism businesses
- Owners of fishing boats and commercial craft
What Is Not Covered
- Damage arising from putting to sea in an unseaworthy condition
- Incidents outside the declared navigation area
- Racing and speed trials unless extended
- Wear, rot, osmosis and damage from lack of maintenance
What Affects the Price
Premiums vary between insurers according to the factors below. We compare 27 partner insurers to find the best fit for your profile.
- Value, length, age and hull material of the vessel
- Navigation area and home port
- Use: private, commercial or charter
- Skipper and crew experience and claims history
Frequently Asked Questions
Is boat insurance compulsory?
Hull cover is not compulsory, but most marinas require third party liability cover as a condition of berthing.
What if I do not declare charter use?
Cover can be declined at claim time. Commercial charter activity must always be stated in the policy.
Is my boat covered while ashore in winter?
Yes, when lay-up cover is added. Lifting and launching operations can also be included.
What does navigation area mean?
The geographic area where cover applies — cabotage, Eastern Mediterranean or worldwide — and it directly affects the premium.