Sml Shield

Trusted by over 400,000 with their insurance needs

Sml Star

Our service is rated ‘Excellent’ on Feefo

Sml Agent (1)

Over 2000 insurance specialists ready to support you

Yacht and Catamaran Insurance

Sail further with our yacht and catamaran insurance.

  • Up to £5 million in third-party liability and racing liability
  • 24-hour single-handed use cover as standard
  • Get a £40 Amazon voucher when you buy a new policy over £250*
Product Badge
Bow view of yacht on the sea

*Terms & Conditions - £40 Amazon Voucher offer

A £40 Amazon voucher is available to new customers who purchase a boat insurance policy online where no code is needed or over the phone and quote the code AMAZON40. This offer is subject to an annual price of £250 (including insurance premium tax at 12% and our customer service charge) or above and cannot be used in conjunction with any other offers or discounts. In addition, it is not available on the Towergate Active product for small craft where the annual price paid is under £250. Cover is subject to your individual circumstances and our eligibility criteria. The voucher will be issued to you by email after 30 days on cover. If you cancel before you have been on cover for 30 days, you will not be eligible for the offer. Offer expires on 31/12/2024 but can be withdrawn or amended at any time if it is necessary to do so. Policies purchased after this date will not be eligible for the offer.  There is no cash alternative available, and we reserve the right to substitute a reasonably equivalent alternative, of equal value, should circumstances make this necessary.

One of the UK's leading independent insurance brokers

Trusted brand icon

Overall service rating 4.6 / 5

Based on 4252 customer reviews

Feefo Logo

Why choose yacht and catamaran insurance with Towergate?


Single-handed use of yachts

Covers 24-hour single-handed use of yachts and catamarans as standard.


£5m yacht liability cover

Be ‘marina ready’ with up to £5 million in third-party liability cover.


Racing liability for yachts and catamarans

Racing cover as standard, with damage to masts and sails as an optional extension.

Direct Debit icon

Pay by Direct Debit

Choose to spread your payment into 10 monthly Direct Debit instalments.

About yacht and catamaran insurance


Be 'marina-ready'

Whatever your yachting style is, you can be ‘marina and race-ready’ with up to £5 million in liability cover. Exclusions include, employees and marine trade workers, fare paying passengers, water skiers, parascenders and divers.


24-hour single-handed use

Our yacht and catamaran insurance policies cover single-handed use. This is the case for up to 24 continuous hours for avid UK sailors. Check our policy wording for more details.


Specialist claims handler

For more complex claims, a specialist handler will be assigned to manage your yacht or catamaran claim. They will carefully lead you through the whole process.


Optional personal accident cover

Our personal accident cover can be added as an optional extra. It may help to pay for medical expenses should you be involved in something a bit more serious. Please be aware that if you’re over the age of 76, you will not be eligible for personal accident cover.

When you need to make a claim, we'll guide you through the process and get your claim settled as quickly as possible.

  • Find your insurance documents and make sure you have all your information at hand, including your policy number.
  • Call the claims team for current claims on 0330 018 2292. From 1 Nov, new claims can be reported by calling 01273 863 450, and explaining exactly what happened
  • Provide photos if requested to help us understand what happened as quickly as we can.
Smiling women sitting on a rug on a parquet floor leaning on a sofa looking at her mobile

Ready to get covered?

  • Fill in our online quote form or call us
  • Purchase your policy
  • Relax - You're covered!
Get a Quote

Yacht and catamaran insurance FAQs

Essentially, yacht insurance aims to protect your craft, other craft on the water and of course, you and your passengers. The idea of insurance is to put you back in the financial position you were in before you experienced a loss of some sort.

This financial loss could come about in the form of damage to your boat, a third party claiming against you for damage to their craft or in the worst case, loss caused by injury to you or one of your passengers.

Towergate yacht insurance covers all the areas mentioned above. Though it isn’t necessarily a legal requirement, many marinas require a minimum of third party cover if you’d like to use their facilities. In any case, it is strongly advised you have insurance in place due to the high value of the yachts themselves and the potential for injury.

Moor in a marina - Our policy offers extra benefits for mooring in a marina as mooring at a berth in a marina is typically safer and more secure than a swinging mooring.

Use Smart Water - Mark your equipment with a Smart Water kit purchased using your unique Towergate code and you can receive a further 10% discount.

Get a survey of your craft completed if it’s over 25 years old

Let us know if you have RYA qualifications - We like to reward those who try to develop their own sailing competence as this only makes them safer on the water. Let us know if you have a RYA qualifications and we could award you another 10% discount.

Let us know if you’re planning on racing

Not all of us are lucky enough 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 to allow potential buyers to fully inspect the hull, keel and other components which sit below the waterline.

As well as covering your yacht when it's in the water, Towergate can also apply laid up cover for when it is out of the water and not in use for an extended period. This cover will insure your yacht against theft, damage, vandalism and third party cover whilst it is off the water. It won't cost you any more money, you just need to let us know that you're taking your boat off the water and how long for.

It’s very important to read your policy documents in detail, so you understand what’s covered and what could void your cover. Listed below are a few key exclusions you should be aware of. Check your policy document for a full list of exclusions.

  • Mechanical failure is not covered if your craft is over three years old.
  • Personal accident cover won’t cover individuals over the age of 76 - If you are over the age of 76 the personal accident aspect of our cover will not apply. All cover relating to the craft however, will still apply.
  • Wear and tear and mechanical failure are not covered - If your craft is under three years old, we can provide mechanical failure cover. Wear and tear however, is not covered.
  • Replacements beyond the sums insured on your policy - Our policy works on a market value basis. Therefore, it’s important to know the true replacement value of your yacht. You will be unable to claim for a replacement yacht above the value you give us. If you’re unsure of the value of your yacht, a marine surveyor will be able to make an assessment and give you an accurate value.

Our yacht insurance comes with a few different options allowing you to get the cover that’s right for your value of craft, level of sailing experience and mooring arrangements. Listed below are just a selection of our best features and how they can benefit yacht owners just like you.

• £3,000,000 third party liability included as standard - The waterways, rivers and seas can be tricky places to travel around on and sometimes mishaps occur. Add to that the fact that yachts and other craft tend to carry a hefty price tag and you’ve got a recipe for some expensive accidents. Our yacht insurance policy includes £3,000,000 third party cover so if you accidently cause damage to someone else’s property whilst on the water your insurance will cover the cost of that damage.
• Personal accident cover (optional) - If you enjoy challenging yourself with rough seas and high speeds, we advise you add personal accident cover to your policy. Our personal accident feature will cover medical expenses and emergency treatment.
• Protected no claims bonus (platinum level cover) - Take out our highest level of cover to have your no claims bonus protected year on year even if you have to claim (No more than two claims per year).
• Marina benefits (platinum level cover only) - If you permanently moor your boat on a marina berth or keep it ashore at the same location, we won’t charge your excess on any claim made while it’s moored or stored. This also won’t affect your no-claims bonus.
• Failure of machinery (on yachts less than three years old) - You’d hope that newer yachts wouldn’t have too much trouble with the machinery on-board. Never-the-less, we include cover for this should you be unlucky.
• Legal expenses cover - Should a third party bring charges against you for damage caused to their craft or personal injury caused by you, our legal expenses cover can help with your legal fees up to £100,000.
• 24 hour legal and claims advice line - In addition to covering legal fees, we also offer legal advice to guide you through what to do if you get involved in a legal dispute.
• Travel concierge service - Part of the joy of owning a yacht is the ability to travel to new places. The travel concierge service can arrange; local hotels, restaurants, theatre tickets and more.

Our yacht insurance covers a number of items, including things you’d carry on your person such as digital compasses or pocketknives. These smaller items do have a single article limit of £300. However, you can also cover more expensive items such as on-board GPS equipment and outboard motors. All you need to do is let us know what you’d like covered so we can include it in your sums insured. Please let us know if you would like to cover any items over the £300 single article limit.

Unfortunately, we can’t cover you in the Caribbean or the Baltic seas, though we can sometimes refer this to our underwriters. As a rule, we do not cover any cruising more than 35 degrees east in the Mediterranean. Again though, you’ll need to let us know if you want to change your cruising range from what you originally agreed when you set up your policy. See the question below for more detail.

Things never stand still in the world of boating. So, if you’ve installed the latest gadget and you need your sums insured amended or you’ve changed your mooring arrangements or cruising range, give us a call and we’ll update your policy. There is an administration fee charged to change the details on your policy plus any premium increase related to the additional cover you require.

If your yacht is over 35 years old, we will require proof that you’ve had it surveyed. Furthermore, we will require your craft to have a survey every 10 years thereafter. For yachts under 35 years, no survey is required for you to take out insurance.

Yes, we also provide liability for those actively using older yachts or launching onto the water. This third-party cover product includes the removal and disposal of wrecked craft, as well as the re-floating and removal of damaged craft.

In some ways, yacht insurance works like car insurance. If you’re an experienced sailor, your premium might work out cheaper. Contact us to see if any discounts apply.

If you would prefer to spread the cost of your yacht and catamaran insurance policy, you have the option of setting up a Direct Debit to pay your premium in monthly instalments through our preferred provider, Premium Credit Limited (PCL).

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.

We have provided a summary of the key features of the policy, above. For details of the terms and conditions applicable, please refer to the insurance product information document and policy wording, which are available during the quotation process.

We are a specialist insurer who keep our finger on the pulse of the boating world. Our boat insurance teams are trained to find the right cover for you and we feel our combination of flexible insurance and a helpful customer service, will ensure you're covered correctly and be a huge comfort every time you take to the water.

Should you need to claim, we will guide you through each step of your claim and advise you on how to gain a swift resolution. It's our aim to take the stress out of what's often an already stressful situation. Simply give us a call and we’ll take it from there.

Read more FAQs

Yacht and catamaran insurance articles

Guide to Boat Security

A guide to boat security devices you can buy to help keep your boat and its contents safe, as well as some of the options you have for storing your boat.

Read more

Guide to Buying and Owning a Yacht

All you need to know about buying and owning a yacht, including costs and maintenance.

Read more

Preparing Your Yacht for the Sailing Season

It is crucial to prepare your yacht for the start of the new sailing season to avoid costly repair bills and inconvenience. Read our tips on how to keep your yacht in top condition.

Read more

How Much Does a Super Yacht REALLY Cost?

This infographic gives you the low down on the most expensive yachts, who owns them and how much they cost to run.

Read more

Yacht owners' gadget guide

The best sailing and yachting gadgets on the market today. From simple yet effective gift ideas to the flashiest bits of kit on the water.

Read more