Yacht insurance

Get set to sail with all year round cover and expert service from RYA trained professionals.

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.

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Here to help

For a quote or insurance advice call:

0844 892 1987

01743 283277

Mon - Fri 9am to 5.30pm

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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 Offer expires: 31/12/2014 but can be withdrawn at any time.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.

0844 892 1987

01743 283277

Mon - Fri 9am to 5.30pm

Enter your renewal price

£ Show price

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: 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.

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.

Claims

Yacht insurance claims promise

Our claims team

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

In fact, our team received the UK Broker award for claims in 2011. The team was also shortlisted for the award in 2012. If you need to claim, they're available Monday to Friday, 8am to 5:15pm.

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.

91% of people we surveyed about their claims experience said they were happy with our service, If you feel otherwise, please let us know and we'll do our best to rectify the situation.

You can rely on us to act within 24 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 timely payment via BACS straight in to your bank account or by CHAPS to the supplier.

Documents

Yacht insurance policy documents

Policy documents

Policy Summary [pdf, 284 KB] Policy Wording [pdf, 186 KB] Terms of Business [pdf, 722 KB]
Reviews

Product Reviews

93% of customers liked our products (1082 reviews)

DateProductScoreCustomer Comment

Unoccupied Insurance (New Policy Holder)

++

Employee very knowledgable with product and helped me understand everything in lay mans terms. Thank you.

Static Caravan Insurance (Renewal)

-

I am afraid that Towergate, through their appointed loss adjusters, consistently refused a claim for over 2400 pounds of wáter damage to the static caused by wáter increase through corner seals. Subsequently the Financial Ombudsman ruled in our favour and the claim was paid with an 8% penalty against the insurers. This saga caused unnecessary delay and worry during a time when it was obvious to us that there was a liability to pay for the internal damage though not the resealing of the corner joints.
We have continued with this company and hope that there will be no repeat of this level of service should another claim arise.


On 02-Oct-2014 the supplier responded:
Thank you for taking the time to provide Towergate Insurance with your feedback. I am pleased to hear that you have remained with Towergate Insurance, we really appreciate your loyalty. Should you have any further concerns please do not hesitate to contact us.

Kindest regards,
Towergate Insurance

Static Caravan Insurance (Renewal)

++

Excellent service answered all my querries, no problems.

RIB Insurance (Renewal)

++

Fast answering of the phone, friendly and very knowledgable staff who are willing to share their experiences and expertise. A pleasure to deal with this company.

Specialist Insurance (New Policy Holder)

++

Lorraine Francis was very thorough, had a great telephone manner and I really felt as though she understood what we needed. She took time to call back at an agreed time the next day and made the whole process much more personal than most. I would definitely refer any friends and family to Towergate and specifically Lorraine.

Static Caravan Insurance (Renewal)

++

Very good service and prompt answer to telephone!

Specialist Insurance (New Policy Holder)

-

We wanted holiday home insurance and Towergate offered a policy that did not cover many contents if unoccupied for a period. Holiday home insurance should cover unoccupied periods. We were also overcharged as the policy amount, VAT and Towergate fee added up to less than the amount taken by Towergate. When we asked for the policy to be cancelled as it was not suitable for holiday home purposes Towergate did not do this and we had to call again to ask for cancellation. In the end we received a full refund but overall the experience was not good.

Dinghy Insurance (Renewal)

++

Very happy

I have three boats insured on two policies - I wonder whether it would be to our mutual advantage if they were all on one policy

Unoccupied Insurance (New Policy Holder)

+

All questions answered to my satisfaction and in the circumstances, renewed the policy

Household Insurance (New Policy Holder)

++Latest:++

Simon Sorrentino was excellent on the phone, explaining things and answering questions, without being all jargon-y or pushy. He was very pleasant and made the process of switching my insurance to meet our new needs (as foster parents) a pleasant and easy one.


On 16-Sep-2014 the customer changed their rating and added:
It is very useful to be able to have specific insurance needs met now that we are fostering.

See this exchange on Feefo

View all reviews >>

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01743 283277

Mon - Fri 9am to 5.30pm

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