Covers you can opt for Yacht Insurance

Set sailing smoothly with a yacht insurance to back you up! For most of us, a yacht is a luxury dream come true. To ensure that you enjoy every minute on your yacht with family or friends, a proper Yacht insurance is a must. Covermatch has insurance plans that adapt to your requirements. Our yacht insurance policies have covers to make sure you are sufficiently protected against unforeseen risks. With a comprehensive cover option, you can protect your yacht against accidental loss or damage while protecting your liabilities towards third parties. Your yacht will be covered whilst in use or moored afloat or ashore. Enjoy your time on the water care-free.

Just check out these types of Yacht Insurance covers

Agreed Value Insurance

In this type of Yacht Insurance, the owner and insurer agree on a specific value for the yacht. When a claim is made and the vessel declared a total loss, the agreed value is reimbursed.

Loss or Damage to Hull and Machinery

The insurance protects the body and machinery of your yacht against total loss or physical damage while navigation and any other human risk factors associated while sailing the vessel.

All risk Comprehensive Insurance

Any loss arising from all hazards and events except those that are specifically excluded in the policy is covered in the comprehensive Yacht Insurance. It offers the widest coverage range. The comprehensive Insurance comes integrated with unique covers like uninsured Boater coverage, search & rescue and perks like the no claim rebate (up to 10%) normally.

Market Value Insurance

You can claim the actual cash value of your yacht in case of a complete loss. The reimbursement paid is usually less than the agreed value as the depreciation & the general condition of your yacht at the time of the incident is considered by the insurer.

Third-Party Insurance

This policy recoups the insured against bodily injury or physical damage caused to a third party by paying out for any legal liability and damages.

Both comprehensive and third-party coverage can be tailor-made with specific add-ons covering your sailing activities like water skiing (for motor boats) or racing (sailing boats) and personal accident (for you, your spouse and dependent children).

At Covermatch our team can customise a suitable yacht insurance policy once you tell us your exact requirements and get the necessary details.

Covers you can opt for Yacht Insurance
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