Hi, my names Ben Leach and I’m an advisor for Towergate. In this video I’m going to talk about laid up cover as part of your yacht insurance.
Not all of us are lucky enough to be able to use our yachts all year round. There are likely to be times when the weather is too rough or your yacht is in need of essential maintenance. During these times, you may wish to take your boat out of the water and store it in a dry dock or stack storage.
It’s also a strong possibility that your boat will need to be out of the water if you’re selling it on. It’s a good idea to take it out of the water when selling your boat so that potential buyers can fully inspect the hull, keel and other components which normally sit below the waterline.
As well as covering your yacht when it’s on the water, Towergate can apply “laid up” cover for when your boat is out of the water and not in use for a long period of time.
Laid up cover will insure your yacht against theft, damage, vandalism and third party cover whilst your boat is off the water. It won’t cost you any more money, all you’ll need to do is let us know you’re taking your boat off the water and how long for. This can be done over the phone in a matter of minutes.
For more advice give us a call or browse more of our boating tips and guides online.