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.

Beat your renewal by 5%

Call us today and we will beat your renewal price by 5%*.

This offer is only available when you call us. See terms and conditions.

*Offer available to new customers only. Not in conjunction with any other offer. 5% off the total renewal price, including fees & charges if applicable, from your current insurance provider, applies to like-for-like cover. Excludes craft over £500,000 in value. Offer not available online or in conjunction with any other offer. Subject to: Minimum price of £100, sight of renewal notice within 14 days of inception and underwriting acceptance of Towergate scheme. Offer expires: 31/12/2014 but can be withdrawn at any time. Calls may be recorded.

For a quote or insurance advice call:

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

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: Bronze Silver Gold Platinum
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.


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.


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.


Yacht insurance policy documents

Policy Summary [pdf, 284 KB] Policy Wording [pdf, 186 KB] Terms of Business [pdf, 722 KB] Yacht Insurance Explained [pdf, 230 KB]

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 (55)

Our Boat Insurance service rated at 95%

Based on 55 independent customer reviews.

DateProductScoreCustomer Comment

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.


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

RIB Insurance (Renewal)


telephoned to renew my boat insurance. the young lady l spoke to was very polite friendly and helpful what more could you ask for.

Yacht Insurance (New Policy Holder)


My renewal quote was £78 then buying it again was £10 pounds cheaper loyal customers are being ripped off. you don't win friends or respect that way

On 16-Dec-2014 the supplier responded:
At Towergate Insurance we appreciate your comments and we were sorry to read that you were dissatisfied with the renewal of your policy. Should you wish to discuss further please don’t hesitate to contact us.

Many thanks,
Towergate Feefo team.

On 16-Dec-2014 the customer changed their rating and added:
This was the 3nd year that the renewal was higher I have feedback each year and that obviously didn't get anywhere or change anything so I won't hold my breath with this one. Next year I won't renew I will go through the hassle of filling out the forms again to get the better price as thats what you have to do to get the best deal

See this exchange on Feefo

On 16-Dec-2014 the supplier responded:
Renewal Price Increase

Yacht Insurance (Renewal)


Good, practical service, Excellent communication.

View all reviews >>

For a quote or insurance advice call:

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

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