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What are the Different Types of Marine Insurance?


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Every yacht owner is an individual, with specific needs when it comes to the type of yacht insurance they require. It can be difficult to find a policy that suits your every need, but with one leading company you can relax, as they go through every possible feature of a policy so you are fully aware of what it offers, meaning you can make an informed decision on what you need.

There are different types of marine insurance; you will need to think carefully about the use of your yacht in order to select a policy that caters to your every need. Aspects you may want to consider include:

• Accidental Loss or Damage

• Liability Insurance

• Personal Injury

• Personal Effects Cover

• Removal of Wreck

It may be that you require all of the above to be included in you policy, or just one, but no matter what you need, choose a company that can guarantee the level of cover you require. It will also be beneficial to use a company that offers a specific area of their website for you to check your policy and amend it if necessary.

Marine insurance is the oldest form of insurance known to man. The Marine Insurance Act 1906 states all marine crafts are legally obliged to have insurance cover. Although it is not optional, if you own a boat it is advisable to insure it before you set sail. One specialist company offer a £20 wine voucher with every policy so you can toast to safe sailing.

Choose an online boat insurance company that can cut down on the time you need to spend on finding a policy, by offering a simple online insurance quotation. Using an online form will help to tailor your policy so you only pay for what you really need. One leading company work hard to find you a policy that meets your needs, and take care to filter out the ones that don’t.

When finding a suitable policy, be sure to choose a company that take the time to consider the make, length, speed and age of your yacht, so that you can rest assured your insurance will be based on both the specifications of your yacht, as well as what you want covered within the policy. So from third liability to fully inclusive, the perfect yacht insurance is available to match your needs enabling you to get on with exploring the seas.


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