Protecting your pride and joy
Whether you enjoy your cruiser daily or when the time is right for you, you want to know that your pride and joy is fully protected on the water. Surprises can happen while making the most of your trip, so having a policy that covers the unexpected gives you all the peace of mind you need. With over 30 years’ experience, we are the experts who understand your needs and offer a 5 star rated “All Risks Boat Insurance Policy” reviewed and awarded by an independent panel of insurance brokers. In addition to this, we also offer “Third Party Only” to ensure that any injuries or damages to other people or property are covered.
Global Product Lead - Yacht
We are experts in underwriting, with both technical capability and deep knowledge of the areas we insure.
What does it cover?
All Risks Cover
- Cover for loss, damage, theft and third party liability
- Agreed value policy
- Outboard motors and tenders covered up to £350 without declaration (increases available)
- Personal Belongings automatically covered up to £1000 without declaration (increases available)
- No excess on claims that arise while your vessel is moored on a pontoon berth or in a marina
- No excess deducted for loss or damage claims caused by an uninsured third party
- Emergency Medical Expenses and Personal Accident cover is provided
- 10% discount if moored in a UK marina
- Contents cover available if you permanently live onboard your vessel
- Option to add Marine Legal Protection cover
Third Party Only Cover
- Cover for damage to any other vessel or property that you are legally liable to pay
- Cover for death and injury that you are legally liable to pay
- Cover for pollution that you are legally liable to pay
- Cover for emergency medical expenses and personal accidents
- No excess deducted on this policy
Don't panic. The trip is likely to be a long one, especially if you are going the whole way round the world. Policies will be written on an annual basis and should at least be able to provide cover as far as your next destination, or near to it. If for example you can't get liability cover in the US, arrange it with the local market when you arrive in the Caribbean. As long as effective cover is in place at the time of arrival in any port, you can stay there while solving the problem of the next stage. The locals understand the market and should be better suited to placing your insurance needs for that region.
Apart from the restrictions noted below, it is usual for an insurance to cover anyone driving your boat with your permission. It is worth noting however, that minors under 18 years old are not usually covered to drive the vessel without an adult being on board and in charge at all times. If there is someone who will regularly use the boat, whether or not you are on board, it is advisable to inform the insurer. Give details of the name, age, record and experience, together with any claims history of this person.
Anyone borrowing the boat should also be made aware of any limitations to the insurance, in particular, where the boat may be used or moored. Under our MS Amlin All Risks Boat Insurance Policy there are specific references to restrictions as to who may "drive" the boat as below:
- If you give permission for someone else to be in charge of your vessel you must take steps to ensure they have the experience to do so.
- There is no liability cover for anyone operating, managing or working upon the vessel who is employed by a shipyard, repair yard, marina, yacht club, sales agency, delivery contractor or similar organisation. Therefore if anyone covered by these categories is going to drive your boat it is essential that they confirm they have their own professional indemnity cover.
- If you are lending your boat for any form of "consideration", this will not be considered “private pleasure use" and will be deemed "hire or reward". This use is normally excluded under insurance policies unless insurers have given their prior agreement to such use.
- If you are arranging for a delivery skipper to sail or deliver you vessel you should obtain a copy of the skipper and crews sailing CV and make sure that they have the appropriate Professional indemnity insurance in place as insurers will often want to see this prior to agreeing cover.
The above is for information purposes only. It is not intended to define legal terms nor is it intended to affect the interpretation of any policy we may issue.
If you have any questions concerning your insurance, there is no replacement for having your individual questions answered individually by your insurance broker or insurer.
Call our team of experts on
+44 (0)1732 223650
Mon - Fri 9am-5pm (excluding public holidays)