Yacht Insurance

Get set to sail with all year round cover and expert service.

Offering discounts for certain marinas, our yacht insurance is well known within the yachting community. Designed with four levels to choose from, you can be assured of cover whether you are using your yacht for pleasure or racing.

0844 892 1987
01743 283 277 Mon - Fri 9am to 5pm
Get a quote Request a callback
Features

Yacht insurance features

Our yacht insurance policy is designed to give you all year round cover, with different levels to choose from, depending on how you use your yacht.

Cover for:BronzeSilverGoldPlatinum
Third party
Fire, lightning, explosion  
Theft, malicious damage or vandalism  
Weather events  
Freezing of machinery  
Accidental loss or damage    
Personal accident      
  • £3 million third-party liability

  • Cover for your hull, including superstructure fittings, machinery and equipment

  • Legal expense cover

  • 24-hour helpline

  • Choice of excess, starting at £100

  • Optional racing risks cover

  • Extendable cruising ranges

If your boat is damaged whilst in its permanent marina berth, we won't charge you an excess and it won't affect your No Claims Discount.

Prefer to spread the cost of your policy?

Paying by direct debit is an affordable and convenient way to pay for your policy. Through our preferred provider, Premium Credit Limited (PCL)*, you have the option of setting up a Direct Debit to pay your premium in equal monthly instalments.

To find out more about PCL and direct debit payments, select Direct Debit.

*To understand more about how PCL work together with Towergate, please read our Regulatory Information.

Exclusions

Yacht insurance exclusions

  • Wear and tear

  • Corrosion

  • Loss of value because of age and use

  • Loss of value to your yacht after it has been repaired

  • Loss or damage to masts, spars, sails and rigging whilst racing, unless previously agreed

  • Sails split by the wind or blown away whilst being set (unless attached spars are also damaged)

Please find below the list of countries which are defined as 'Europe':

  • Albania, Andorra, Austria, Belgium, Bosnia Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Eire, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Italy, Kosovo, Latvia, Liechtenstein, Lithuania, Luxembourg, Republic of Macedonia, Malta, Monaco, Montenegro, The Netherlands, Norway, Poland, Portugal (excluding Azores), Romania, San Marino, Serbia, Slovakia, Slovenia, Spain (including coastal waters of Canaries, Madeira, and the Balearics), Sweden, Switzerland, United Kingdom, Vatican City

Further exclusions may apply or vary dependent on level of cover chosen. The above exclusions are standard across each of our four policy options.

These are just some of the key exclusions/limitations, full details will be found in policy wordings.

FAQs

Yacht insurance FAQs

Is my craft covered whilst racing?

Yes, we can extend cover to include the masts, spars, sails and rigging whilst racing.

Can I use my craft single-handed?

Yes, however only during daylight hours and excluding racing.

Is my craft covered whilst laid up ashore?

We provide full cover for your boat all year round.

Am I covered to sail my craft to France?

Normal cruising limits are for UK coastal waters. If your craft is suitable we can extend your cruising range accordingly.

Where can I find more information about monthly Direct Debit?

If you want to know more about our monthly payment option, please read our dedicated page on Direct Debit.

Documents

Yacht insurance policy documents

Policy Summary Boat [pdf, 485 KB] Policy Wording Boat [pdf, 642 KB] Terms of Business [pdf, 722 KB] Yacht Insurance Explained [pdf, 230 KB]
Claims

Yacht insurance claims promise

Our claims team

If you need to make a yacht insurance claim, our claims handlers have the knowledge and understanding to make claiming as easy as possible.

If you need to claim, they're available Monday to Friday, 9am to 5pm.

Your yacht insurance claim

The phone number in your policy documents will put you straight through to the team or you can pop them an email with details of your claim. Alternatively, visit our contact us page for our claims departments and other customer services. Your own personal claims advisor will talk you through the details and explain the next steps, guiding you through every step of the way.

There aren't even any forms to fill in. Your claims advisor will fill in a 'Statement of Fact' form with you over the phone then simply email you a completed form for your records.

You can rely on us to act within 48 hours of being notified of your claim. If you've provided us with new information on an existing claim you can count on us to get back to you in five days.

When it's time settle your claim, we will provide payment via BACS straight in to your bank account or by CHAPS to the supplier.

Customer Reviews (58)

Our Boat Insurance service rated at 95%

Based on 58 independent customer reviews.

DateProductScoreCustomer Comment

Narrowboat Insurance (Renewal)

++

When I had a claim from a third party, the issue was dealt with no fuss and the price has not been loaded too much on renewal

Jet Ski Insurance (New Policy Holder)

++

So easy thank you

Narrowboat Insurance (Renewal)

+

quick and efficient

Motorboat Insurance (Renewal)

++

Correspondence is always clear and concise. I always renew over the phone and find the staff both friendly and efficient, but importantly I feel I'm getting excellent value for money. I have never had to claim, but in the event I am confident that all would go well. I feel assured!!!

Yacht Insurance (Renewal)

++

so far l have been extremely pleased with the results l have received from towergate staff as they are always pleasant and very helpful to deal with

RIB Insurance (Renewal)

++

Very competitive rates and the girls were very polite and informative

Motorboat Insurance (Renewal)

+

Keep it up, the service you provide at the is very good. Regarding products it would help me to have a multi boat policy so I could just make one renewal per year instead of three.

Alistair

Motorboat Insurance (Renewal)

++

Friendly efficient staff.No time wasting questions.Straight down to business.Very pleased

Narrowboat Insurance (Renewal)

+

Good service but a bit slow on posting hard copies.

Yacht Insurance (Renewal)

++

always excellent service

View all reviews >>

0844 892 1987
01743 283 277 Mon - Fri 9am to 5pm
Get a quote Request a callback
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95%

Yacht insurance

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