Yacht Insurance

No matter the level, nature or length of cover that you require, the insurers we work with will provide you with the quotes you need. Simply fill in our application form with a few details about yourself and the vessel. We work with some of the UK’s top and best-known boat insurance companies who offer great cover.

We are a free of charge, FCA Regulated broker for boat insurance and our site is 100% secure to protect your data and we will never pass your details to third parties without your consent.

Just fill in our easy to use application form today or get in touch with us at our UK call centre to easily compare insurance quotes.

How Much Does Yacht Insurance Cost?

With a wide range of yachts, coming in all shapes and sizes, there is no standard price to insure one. However, as with car insurance, there are a number of factors that the insurer will take into account when evaluating the application to provide you with the most competitive quote. Typically, the cost of an insurance policy will depend on these factors combined.

Age of the vessel and length of ownership – Generally, older vessels will cost less to insure, as their value depreciates with time reducing the value of a potential pay-out by the insurer. However, if you wish to insure a classic or an antique yacht, you may need to apply for special insurance. Also important is the amount of time which you have owned it for. Those who have held ownership for longer with no record of any accidents or claims are deemed to be lower risk and will be offered cheaper quotes.

Value – More expensive boats and yachts will more often be quoted slightly higher insurance premiums as should a claim be made, the amount and the value of the claim are both likely to be more due to the value of the vessel. Insurers will offset this risk with slightly higher premiums.

Type of yacht and performance – There are a multitude of types of yachts ranging from performance to fishing types. In addition, the specifications of different types of vessel vary greatly and the horsepower of different models ranges. More powerful yachts with say twin engines rather than single engines tend to have a greater output of horsepower, going faster. The faster you can go, the greater the risk and this is something that insurers will account for.

‘Cruising area’ and where you will operate – With many different places, waterways and options to enjoy, where you will be using your yacht is another factor that insurers will account for. Some areas pose greater risks than others. For example, if you are planning a voyage through narrow lakes, there will be a greater risk of damage to your vessel and therefore a greater risk of a claim when compared to larger areas of use such as oceans.

Additional Factors

There are additional factors and protections that you may be looking for to be fully covered for every eventuality and our insurers offer many of these additions including:

Storm Plans – For those travelling to areas that may be affected by hurricanes, tornadoes and storms. If a storm approaches, this cover will allow your vessel to be towed to a protected facility.

Towing Insurance – Most people who own boats and yachts need to tow their vessels to the harbour before setting off. It is very important that the vessel being towed is covered by a proper towing insurance policy that covers it whilst in-situ; being towed.