Sailing Yacht Insurance
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About Visicover's Yacht Insurance
Whether you just enjoy leisurely cruising or love competitive racing, getting the right type of yacht insurance is important.
Not everybody’s insurance requirements are the same, so unlike some policies which charge you for cover whether you need it or not, at Visicover we believe you should only pay for the cover you want.
Our yacht insurance, winner of the 2022 'Broker Innovation of the Year Award', is designed to be flexible, letting you tailor your cover to your precise wishes. Among the options available are:
| Vessel Loss or Damage | |
| Covers the cost, up to the cover limit selected, for repair or replacement arising from physical loss or damage to your yacht, subject to certain specific exclusions and the excess you have chosen. * |
| Third Party Liability | |
| Covers sums, up to the cover limit selected, which you are legally liable to pay arising from ownership of the yacht for death or injury to a third party, or damage to their property, subject to certain specific exclusions. * |
| Marina Benefits | |
| Protects your no claims discount entitlement, and avoids you having to pay an excess, if you make a claim for loss or damage to your yacht sustained while it is moored / stored in a specified marina. * |
| Mooring Fees | |
| Covers the cost, up to the cover limit selected, of mooring fees incurred while you are unable to use the yacht as the result of either a serious accidental injury to yourself, or insured loss or damage to your yacht, subject to certain specific exclusions. * |
| Emergency Accommodation | |
| Covers the cost, up to the cover limit selected, of emergency accommodation for you and your passengers if your yacht is made uninhabitable as the result of loss or damage covered by this policy, subject to certain specific exclusions. * |
| Emergency Travel | |
| Covers the cost, up to the cover limit selected, of getting you and your passengers home if your yacht is no longer seaworthy due to loss or damage covered by this policy, or serious injury to a key crew member, subject to certain specific exclusions. * |
| Emergency Breakdown | |
| Covers call out, parts and labour costs, up to the cover limit selected, if your yacht is no longer seaworthy as the result of a mechanical breakdown, subject to certain specific exclusions. * |
| War and Related Risks | |
| Extends the protection provided by the policy to cover War, Capture, Piracy or Terrorism, subject to certain specific exclusions. * |
| Search, Rescue and Evacuation | |
| Covers costs, up to the cover limit selected, for search, rescue, and evacuation operations in relation to any person on board the yacht with your permission. * |
| Marine Legal Protection | |
| Covers legal advisers’ costs up to a set value to help you pursue or defend a claim relating to the yacht for uninsured loss recovery, personal injury pursuit, contract disputes or prosecution defence arising from your ownership or use of the yacht. Subject to certain specific exclusions. * |
| Tenders | |
| Choose if you wish to specify and include cover for your yacht’s tenders. |
| Machinery Extension | |
| This option extends the Vessel loss and damage cover to include repair or replacement to the yacht’s machinery following damage caused by latent defects or breakage of shafts, subject to certain specific exclusions and the excess you have chosen. * |
| Replacement Locks and Keys | |
| Covers the cost, up to the cover limit selected, of replacing locks and keys following the theft or loss of keys to the yacht’s external doors, subject to certain specific exclusions. * |
| Courtesy Vessel | |
| Covers the cost, up to the cover limit selected, of hiring a replacement vessel if your yacht is made unseaworthy as the result of loss or damage covered by this policy, subject to certain specific exclusions. * |
| NCD Protection | |
| Protects your no claims discount entitlement in the event that you make no more than one claim under the policy in a year. * |
| Personal Accident | |
| Pays a selected financial benefit to any person who dies, disappears or sustains a serious injury while they are embarking, on board or disembarking the yacht with your permission, subject to certain specific exclusions and a maximum number of persons which you select. * |
| Medical Expenses | |
| Covers costs, up to the cover limit selected, arising from the attendance of a qualified Medical Practitioner as a direct result of an accidental injury sustained on the yacht, subject to certain specific exclusions and the excess you have chosen. * |
| Market or Agreed Value | |
| Depending on your yacht’s value, choose between receiving the agreed value of the yacht in the event of a total loss, or the market value of the yacht at the time of the loss. * |
| Personal Belongings | |
| Covers costs, up to the cover limit selected, for repair or replacement to your or your immediate family’s personal belongings which are lost or damaged on the yacht, or in transit to and from the yacht, subject to certain specific exclusions and the excess you have chosen. * |
| Cruising Area | |
| Select where you sail your yacht, from inland lakes to the open sea. |
* For full details of the options available, including any exclusions, conditions or special clauses, please refer to the Policy Booklet
About Visicover's Service
Visicover is a unique service that not only enables you to buy your yacht insurance online but to also amend it online whenever you want. This applies to just about all aspects of your policy, including updating your values insured, changing most cover options, redefining your cruising areas, amending who may use your sailing yacht, selecting different payment methods or even changing the vessel type insured if you buy a different boat.
The ability to update your policy as your requirements change may reduce your premium by removing cover you no longer need. In addition to this flexibility we offer:
| Interest Free Instalments | |
| Pay your full premium when you arrange cover or pay a 30% deposit and spread the balance of your premium over 8 monthly instalments at no additional charge (0% Apr). Note, if you are paying by instalments and have a claim, the balance of the years premium becomes payable immediately. |
| Up to 25% No Claims Discount | |
| Earn a discount for each claim free year your yacht insurance is in force up to a maximum of 25%. |
| 24-Hour Claims Hotline | |
| A 24-Hour claims hotline is available so help is on hand when you most need it. |
| The Security Of Allianz | |
| Allianz Global Corporate and Specialty (AGCS) is part of the Allianz Group and is one of the leading marine insurance providers in the market today. They underwrite our yacht insurance cover other than the Marine Legal Protection option which is arranged through ARC.
AGCS are authorised by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). |
In addition to yacht insurance we can cater for a wide range of other vessel types. Please click below for details of the cover options available for different vessels:
Unfortunately, we cannot cater for some vessels, such as those used for commercial purposes other than charter (e.g. commercial trawlers, commercial ferries etc).
| Download a Policy Summary or Booklet | Policy Summary Policy Booklet |
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