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, 752 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 (1968)

Customers rate our service at 93%

Based on 1968 independent customer reviews.

DateProductScoreCustomer Comment

Boat Insurance (Renewal)

+

Good efficient service.

Boat Insurance (Renewal)

++

A timely reminder supported by discussion and call-back at the time arranged to complete the deal.
Many thanks to all concerned.

Boat Insurance (Renewal)

+

My questions were answered promptly and clearly.

Boat Insurance (New Policy Holder)

+

We are new clients and we are happy that we don´t need your Insurance.

Regards Petra Maiwald and Dieter Gulik

Boat Insurance (Renewal)

+

All good!

Boat Insurance (Renewal)

+

Good service but I was on the phone for a long time just to renew a policy.

Boat Insurance (New Policy Holder)

++

Easy to set up and use site. Once I have set up my boat insurance I don't have to worry again as Towergate look after my policies and even contact me when they are due for renewal...... To sum up..Hassle free boat insurers what could be better than that?

Boat Insurance (Renewal)

--

It did what I needed, wouldn't say it was good or bad just satisfactory.

And so you pay attention I have ticked the BAD button as you've not given a plain old just satisfactory option, so in some ways this survey fails to address the question by offering the customer sufficient options to give a fully justified reply.

Enjoy!

Boat Insurance (New Policy Holder)

+

communication can sometimes be a little slow, but service is good and prices mostly excellent

Boat Insurance (Renewal)

++

Excellent, no problemsi

View all reviews >>

0844 892 1987
01743 283 277 Mon - Fri 9am to 5pm
Get a quote Request a callback
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93%

Yacht insurance

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