Yacht insurance keeps your investment afloat.

Your boat is a luxurious and peaceful hobby. Keep it going using yacht insurance.

Protect your investment with specialised coverage.

Spending time aboard your boat is a nice and peaceful hobby. However, if you are not well safeguarded, the hazards involved with boat ownership might put a damper on your relaxation. There is more to yacht insurance than you may believe. Take the coverage that protects the boat from damage, theft, fire, and other threats. You can pay a higher premium and have a guaranteed payout amount if you make a claim, or you may pay a lesser premium for a cash-value insurance and have the payment amount depending on the market price when you make the claim.

Prevent gaps in your liability coverage.

Liability is also an important aspect of yacht insurance. Check your coverage for damage to other people's yachts in the event of a collision, as well as injury and personal property damage to passengers on your boat and other people's watercraft. Also, be certain that your coverage covers any clean-up charges that you may incur in accordance with current laws and regulations.

Why should you obtain yacht insurance instead of boat insurance?

While the two coverages may appear to be comparable, the value of a yacht is often more than that of a boat, so the insurance you choose should include coverage appropriate for the high value of your yacht.

Is yacht insurance necessary?

While yacht insurance may or may not be necessary, check your local legislation to be sure. Even if it isn't necessary, you might wish to get coverage for the expense of repairs or replacement for situations like damage to your boat.

What else can your boat policy cover?

There are several optional extras that you may choose to have with your yacht insurance, depending on your requirements. This might include towing expenses if your yacht breaks down while on a cruise, covering against collisions caused by uninsured boaters, or charges if you need to relocate your yacht due to a storm warning.