A yacht faces risks such as storms, fire, collision and theft not only at sea but also while moored in a marina or laid up ashore for the winter. Yacht Insurance protects the hull, machinery, tender and equipment against these risks.
Total Loss, Institute Yacht Clauses and War and Strikes options are available to private yacht owners as well as charter and tourism businesses. We choose the right level of cover with you based on how the boat is used and where it sails, together with optional covers such as legal protection, pollution and towing and salvage.
What is covered?
- Hull, machinery, tender and equipment; at sea, at the mooring and laid up ashore
- Perils of the sea, storm, sinking and collision
- Fire and explosion
- Contact with another vessel, vehicle or quay
- Natural disasters and loading accidents
- Piracy, malicious acts (including barratry) and jettison
- Theft of the yacht or its tender
- Theft of a securely locked outboard motor
- Latent defects, broken shafts and burst boilers
- Negligence and bottom inspection after grounding
Optional add-on covers
- Legal protection
- Personal belongings
- Pollution
- Personal accident
- Towing and salvage
- Uninsured boat
- Fishing equipment
- Machinery extension clause
What you should know
Yacht Insurance is a Corpus Sigorta product; you can get a quote through our agency.
Cover options are Total Loss, Institute Yacht Clauses (1.11.85) and War and Strikes. The risks covered depend on the clauses chosen; ask us for the current terms.
For a quote we need details such as the type, length and year of build of the boat, its mooring, sailing area and use (private or commercial).
Frequently asked questions
Total Loss only pays if the boat is completely lost. Institute Yacht Clauses cover many risks, including partial damage, such as perils of the sea, fire, collision, theft and latent defects.
Yes. Cover applies at sea, at the mooring and when laid up ashore.
War and Strikes is a separate cover option. If you need it, we arrange for it to be added to the policy.
The information on this page is for general guidance and does not replace policy wording. Scope of cover, limits, deductibles and exclusions are determined by the general and special conditions of the insurer you choose.