Boat Insurance | Yacht Insurance

Liability insurance on a boat is not required, as it is on a car, and liability insurance on a boat does not work in the same way as with a car. When you drive a car, you have a statutory liability for all damages you inflict on another. On the other hand, as a boat owner, you are only liable for damages if you have been negligent or directly to blame for the damage. If your boat is damaged, you, therefore, risk having to compensate for the damage yourself, even if it is not your fault. This is the reason why we recommend Kasko if you want to have damage to your boat compensated, in addition to fire, theft and vandalism.

Boat insurance coverage varies based on your boat or PWC. Typical coverage includes: For you and your boat: ✓ Damage to your boat's: hull, sails, equipment, furnishings, motor, and trailer, ✓ Liability, ✓ New boat replacement for new boats, ✓ Agreed hull value or actual cash value, ✓ Fuel spill liability, ✓ Medical payments, ✓ Salvage coverage and wreck removal, ✓ Uninsured boater protection. For others: ✓ Damage to another boat, ✓ Damage to other property caused by your boat, ✓ Bodily injury/death of another person. Optional insurance coverages: ✓ Multiple towing options, on and off the water, ✓ Disappearing deductibles, ✓ Coverage for your personal property, ✓ Coverage for your fishing equipment, ✓ Ice/freeze coverage

All boats aren't the same. It would be best to customise your boat insurance to meet your needs and provide your boat with the proper coverage. Boat policies can provide coverage for: ✓ Damage to your boat, including hull, sails, equipment, and more ✓ New boat replacement ✓ Fuel spill liability.

The cost of boat insurance is based on the type of boat, length, number of engines and horsepower, how you use it (recreation, commercial charter, racing, etc.), and how and where it will be stored. These factors, including the owner's experience and claims record, will factor into the cost.