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Look after that precious asset with super yacht insurance

January 28, 2012 by

Every boat owner wants to know their investment is being well looked after.  When that boat is a so called mega yacht or super yacht the investment is considerable, so protection is perhaps even more vital and relevant. A super yacht is generally one that has a length in excess of 60 metres and is professionally crewed. If you own such a vessel, super yacht insurance is an absolute necessity.

When you employ crew for your yacht you look for professionals with experience and a worthy track record. People you can trust with your treasured possession. It should be no different with your insurance. The provider you choose should offer comprehensive super yacht insurance at a reasonable cost.

What cover your super yacht needs:

Yacht coverage – insurance for the physical vessel; it’s hull, machinery, fixtures and fittings and equipment. Cover should be on an all risks basis which includes:

  • Tenders, toys and equipment
  • Personal effects and contents. This should include the crews personal effects and any food and drink items stored aboard, as well as cash.
  • Options may include leased equipment and non-emergency towing.

Liability coverage – insurance for owner’s liability against crew, third parties and onboard guests. Cover will depend on the number of crew and when over a certain number, may require additional protection and indemnity.

Crew coverage – It is rare for a super yacht to be a one man operation. Your crew requires as much protection as your boat. Your crew want to feel safe and secure whilst on board and out to sea. Your super yacht insurance package should cover:

  • Personal accident
  • Welfare including medical expenses (of particular import if you travel abroad)

Guests coverage – if you are sharing the luxury of your yacht with guests, they too need to feel safe and secure on board. Your yacht insurance should contain personal accident cover for visitors and guests.

Super yacht insurance is a niche area that is not usually handled by a provider of general insurance. Protection should be sought from a marine and boat insurance specialist.


Super Yacht Insurance can be obtained from www.boat-quote.co.uk



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