Frequently Asked Questions
Find answers to common questions about yacht insurance
Policies
What does yacht insurance typically cover?
Yacht insurance typically covers hull damage, machinery breakdown, third-party liability, personal injury, theft, and salvage costs. Coverage varies by policy and location.
How is my yacht insurance premium calculated?
Premiums are based on factors including yacht value, age, size, cruising area, usage (private vs charter), crew qualifications, and claims history. Higher-risk areas and vessels typically have higher premiums.
Claims
What should I do immediately after an incident?
Contact your insurer immediately, document everything with photos and videos, collect witness statements if applicable, and avoid admitting fault. Do not authorize repairs without insurer approval.
General
Do I need separate coverage for different cruising areas?
Yes, many policies restrict coverage by geographic area. If you plan to cruise outside your policy's designated area, you must notify your insurer and may need to pay additional premium.
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