The right cover at the right price
We don’t need to tell you that ownership of a yacht or multihull, as well as providing a great deal of pleasure, involves a high initial outlay and substantial operating costs. When you are looking for your yacht insurance you want to speak to someone with an in-depth knowledge of every aspect of sailing. Many of our team are involved with all aspects of the yachting sector and with over 30 years’ experience, you can be reassured that we understand your needs. We offer a 5 star rated “All Risks Boat Insurance Policy” to keep your pride and joy fully protected out on the water. In addition to this, we also offer “Third Party Only” to ensure that any injuries or damages to other people or property are covered.
Senior Yacht Underwriter
Our dedicated underwriting team has over 100 years specialist experience in boat insurance and are always on hand to answer queries or help with problems you may have.
What does it cover?
All Risks Cover
- Cover for loss, damage, theft and third party liability
- Agreed value policy
- Outboard motors and tenders automatically covered up to £350 without declaration (increases available)
- Cover for the vessel to be navigated single handed for up to 18 consecutive hours
- 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 in a marina
- Emergency Medical Expenses and Personal Accident cover is provided
- No excess deducted for loss or damage claims caused by an uninsured third party
- 10% discount if moored in a UK marina
- Optional racing cover for loss or damage to mast, spars, sails and rigging; and loss of entry fees up to £1000
- 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.
We suggest that people talk to others who have undertaken such a voyage. Organisations such as the Cruising Association and the Ocean Cruising Club can guide the owner in the right direction.
Secondly, you must be able to demonstrate to any prospective insurer that you are planning the voyage in a thorough and detailed way. Asking for cover to get to New Zealand in one year shows you are in a hurry and may be pushing the boat hard.
Thirdly, the plan must be seen to be possible. Any insurer is going to ask about the voyage. This is not just underwriters' being nosey, but an attempt to discover whether the voyage has been planned properly. For example, has consideration been given to avoiding hurricane and typhoon areas? Or at least that they have been taken into account.
Here's a checklist:
- Prepare a full itinerary of the ports to be visited and the approximate dates. Set this out on an annual basis, this way a premium can be calculated based on where you are actually going.
- Prepare a full C.V. for you and all members of the crew who will be on board for the voyage and particularly for any of the ocean crossings, the more detailed the better. In these cases actually having done it before counts for far more than theoretical qualifications. It will be looked upon favourably if at least one of the crew has done a transatlantic crossing if that is the voyage to be undertaken.
- Tell the insurer about any specific gear or equipment that has been (or will be) fitted to make the voyage safer - for example, self-steering, radar alarms and the like.
- Consider having the boat surveyed and/ or rig inspected by an independent qualified surveyor/rigger to confirm that the vessel is capable of such a voyage.
Call our team of experts on
+44 (0)1732 223650
Mon - Fri 9am-5pm (excluding public holidays)