Yacht and Pleasure Craft Insurance

The cost of yacht insurance depends on several factors, including:

• Yacht value, age and construction
• Intended use (private cruising or racing)
• Cruising area and navigation limits
• Owner experience and claims history

Yacht insurance premiums typically range from 0.5% to 1.5% of the insured value per year, depending on risk profile and cover level.

Yacht insurance protects you from potentially significant financial and legal risks.

You should consider yacht insurance to:

• Protect your yacht against damage or total loss
• Cover third party liability claims
• Meet marina and harbour requirements
• Access specialist marine claims support
• Enjoy peace of mind while cruising or racing

The right yacht insurance policy allows you to focus on sailing, knowing your investment is protected.

Yacht insurance is not legally required, but most marinas and harbours require third party yacht insurance as a minimum.

Yes. Yacht insurance is available for older vessels, although a recent survey may be required.

Many policies include personal accident cover for crew and guests.

Yes. Agreed lay-up periods can reduce your yacht insurance premium.