yacht pod insurance

Correspondents

• Vessel search

 Claims Emergency

+44 203 829 5858

+65 8683 3190

The claims response service is available 24 hours a day, 7 days a week and provides immediate global assistance to all of our Members.

Calling the emergency contact number provides a quick and effective way to speak directly to a duty Shipowners’ claims handler in the event of an incident or casualty involving an entered vessel.

During office hours the emergency number will redirect to the relevant corresponding office switchboard.

Alternatively, Members can request assistance from our network of correspondents located around the world.

The Shipowners' Club partners with Yachtpod Risk Partners

Yachtowners, the specialist yacht syndicate of The Shipowners’ P&I Club, today announces that it has entered into a partnership with newly established super yacht specialists Yachtpod Risk Partners (Yachtpod).

Yachtowners, the specialist yacht syndicate of The Shipowners’ P&I Club, today announces that it has entered into a partnership with newly established super yacht specialists Yachtpod Risk Partners (Yachtpod), an underwriting cell on the Castel Underwriting Agencies Limited (Castel) managing general agent formation platform, to provide their clients with Protection and Indemnity (P&I) insurance for yachts, motor sailors and motor yachts including professionally skippered charters.

The Yachtpod team which includes Iain Cotton and Vladimir Sorgo, will underwrite on behalf of the Club under a delegated underwriting authority which provides P&I insurance up to a limit of USD 1,000,000,000 (1 Billion).

Yachtowners will also have access to the Club’s legal costs cover (LCC) insurance, also known as freight demurrage and defence (FD&D), through Yachtpod.

Ian Ferns, director – product development at The Shipowners’ Club, commented: “We pride ourselves on partnering with the best people in their field and the team at Yachtpod are proven leaders. We are sure that this new venture will be a great success for them”. Nicola Kingman, underwriting manager - Yachtowners Syndicate at the The Shipowners’ Club added: “We have known the team at Yachtpod for many years and when an opportunity arose to work alongside them, it was too good to miss.”

Notes for editors

The Shipowners' Club

The Shipowners’ Club is a mutual marine liability insurer, providing Protection and Indemnity insurance for small and specialist vessels since 1855. The Club is a member of the International Group of P&I Clubs and works with more than 600 brokers globally to insure over 32,000 vessels across a range of operating sections and geographical areas. www.shipownersclub.com

Castel Underwriting Agencies Limited, part of Barbican Insurance Group, is a managing general agent (MGA) and club-style MGA formation platform focused on achieving success and driving innovation through collaboration. It provides experienced and entrepreneurial underwriters with stable capacity and a fast-track route to creating their own businesses. Castel is authorised and regulated by the Financial Conduct Authority. www.castelmga.com

Sign up for alerts

• Subscription

Shipowners’ P&I links with Yachtpod

Related posts.

• Open Arms back in Cyprus after entrepreneurial Gaza delivery
• JH Blades and MS Amlin strike energy liability underwriting partnership
• Lance Thorp joins broker Miller’s fine art and specie team

The global authority in superyachting

• NEWSLETTERS
• Yachts Home
• The Superyacht Directory
• Yacht Reports
• Brokerage News
• The largest yachts in the world
• The Register
• Yacht Advice
• Yacht Design
• 12m to 24m yachts
• Monaco Yacht Show
• Builder Directory
• Designer Directory
• Interior Design Directory
• Naval Architect Directory
• Yachts for sale home
• Motor yachts
• Sailing yachts
• Explorer yachts
• Classic yachts
• Sale Broker Directory
• Charter Home
• Yachts for Charter
• Charter Destinations
• Charter Broker Directory
• Destinations Home
• Mediterranean
• South Pacific
• Rest of the World
• Boat Life Home
• Owners' Experiences
• Interiors Suppliers
• Owners' Club
• Captains' Club
• BOAT Showcase
• Boat Presents
• Events Home
• World Superyacht Awards
• Superyacht Design Festival
• Design and Innovation Awards
• Young Designer of the Year Award
• Artistry and Craft Awards
• Explorer Yachts Summit
• Ocean Talks
• The Ocean Awards
• BOAT Connect
• Between the bays
• Golf Invitational
• Boat Pro Home
• Pricing Plan
• Superyacht Insight
• Product Features
• Premium Content
• Testimonials
• Global Order Book
• Tenders & Equipment

Superyacht insurance: How to choose the best policy for your yacht

Related articles.

Picking insurance coverage for your superyacht can be fraught with difficulty. BOAT reveals what owners really need to know when it comes to yacht insurance and how to keep the process as pain-free as possible if the worst happens.

When it comes to superyacht insurance, shopping around for the best deal may not be the smartest tactic. “Many of the insurance policies and contracts out there are quite similar, but, as with everything, the devil’s in the detail. Sometimes what may appear to be a really good option might contain some restrictions or exclusions in cover that might catch the unwary person out,” says Mike Wimbridge, managing director of Pantaenius UK.

Indeed, insuring superyachts worth tens to hundreds of millions of pounds, plying waters subject to windstorms and even perhaps political upheaval, is complicated. There are a lot of considerations at play and in the end what you see on your policy is what you get. “Marine insurance is not specifically regulated, meaning policy forms don’t have to be approved by any regulators in any country or state like other types of consumer insurance do. So whatever you get on your policy contract is what you get today for insurance, and it could be different for everyone,” says Nancy Poppe, North American Yacht Practice Leader at Willis Marine Superyachts.

In general, there are two types of insurance a yacht needs: Hull and Protection & Indemnity (P&I). Hull covers physical damage to the vessel and its appurtenances, while P&I is marine liability insurance for third-party liability, explains Poppe. The larger the yacht and/or the more complex its cruising programme, the more likely this coverage will be split with P&I provided by a P&I Club. “They offer a single shot $500 million P&I limit, and they can very easily offer all of the certificates,” says Spencer Lloyd, president of AssuredPartners’ yacht speciality team. “For instance, there’s something now called the Nairobi Wreck Removal endorsement and some of the companies that do both Hull and P&I do not have the ability to issue these certificates for a yacht travelling in foreign waters.”

The marine insurance market currently is a bit turbulent, which means not every yacht is insurable. A few years ago a large number of underwriters – overwhelmed by hurricanes and fires – pulled out of the marine market, creating a hard market where demand exceeded supply. It’s since stabilised to some extent, helped by the fact that 2021 churned up no serious windstorms, but underwriters today can still afford to be picky.

Wimbridge likens the last few years to “panning for gold”, as the market was shaken up to see where things lie. “The London market, the traditional home of the superyacht market, is not comfortable below USD10 million. So the more domestic markets are picking those risks up, whether that be US or Europe or Australia. I think above 10 million, it’d be fair to say the London market has been choosy over recent years,” says Wimbridge. But he is seeing more competition creeping in for what insurers would class the more desirable risks in the megayacht area, so that’s leading to a steadying of the market. The under-$5 million market, though, is more volatile, subject to holes when a single underwriter pulls out.

Factors that affect a yacht’s insurability include its age (even if it’s refit), whether it will be based in a windstorm-prone area, and the owner’s experience, explains Poppe. “For boats that, say, want to summer in Florida and winter in the Caribbean, there are very limited choices particularly in the smaller end of things. And first-time owners jumping into large-sized vessels with no prior ownership experience and not hiring a full time professional manager – there's limited, if any, options for coverage there,” she says. With this in mind, she advises any prospective owner to secure an offer of insurance before they accept an offer to buy a yacht.

Once the insurance is in place, the communication doesn’t stop. There are a few situations where it’s common that the underwriter requires advance notice or coverage can be excluded. One of these is yard work.

“A lot of yacht policies will exclude welding and hot work until you notify them first and beforehand,” says Lloyd, explaining that the underwriter will typically want to see a copy of the yard’s insurance certificate, any independent contractor’s liability, a drawing of what welding is going to take place and a gas-free certificate if the tanks have to be cleared of flammable liquids. The difficulty he has seen lately is when the shipyard wants a complete waiver of liability, a situation he deems unfair. “A lot of times the company insuring the yacht will come back and say, ‘Hey, we want a $10,000 to $15,000 additional premium for the exposure of what you're having done’.”

How underwriters consider named windstorms also differs, with at least one excluding all coverage for yachts under 500 gross tonnes. “In the old days, the bigger boats didn't necessarily need a hurricane plan. But in this day and age, most underwriters are asking to see the hurricane plan for all sized yachts,” says Poppe.

“If you're going to be in the shipyard, having work done during hurricane season, you need to give your underwriter a lot of advance notice,” she continues. “If you're not going to be able to move the vessel to sea in the event of a storm coming, you are probably going to face either no coverage for windstorm or a quite high deductible for windstorm.”

Another point that could be lost in the fine print is itinerary exclusions. “For instance, there are parts of the world that are deemed to be political hotspots, so they tend to be excluded from the war cover,” says Wimbridge.

Insurance companies also want to be involved in choosing the captain. “They have gotten much more strict about captain resumes,” says Lloyd. “Rule of thumb was the captain must have a minimum of two years’ experience on similar-size boats to the one that they are applying for. And some have raised it to three years. We are in a constant battle because with so many boats being sold, there’s not enough qualified people to fill the positions. And how does the mate, who is good and capable but doesn’t have the resume, take the next step?”

With all of these considerations, it’s crucial that the owner – whether they are dealing directly with an underwriting agent like Pantaenius UK or working with a broker like Poppe or Lloyd – is being advised by someone they trust and someone experienced in insuring yachts of a similar type and cruising programme.

In the end, insurance is a relationship business, Wimbridge points out. “The selection of the insurance partner and, if appropriate, the insurance broker, I think is paramount because those parties are experts in this process and often the clients aren’t. And in many cases, the ultimate client isn’t the one doing the negotiation. Depending on how large the boat is, there can be several people in that chain involved in the pre-discussions, offering their own thoughts and advice, which might not necessarily be the most helpful. The advice in all aspects of this is to choose the right partner, people that will give you proper advice.”

More stories

Most popular, from our partners, sponsored listings.

5 of the best Yacht Insurance Companies

While yachting is meant to be all about escaping the humdrum aspects of life, to enjoy the experience with full peace of mind it’s a wise idea to get your trip – and your vessel – insured.

Yachts line the famous harbour in Monaco (Photo: Mike McBey via Flickr / CC BY 2.0)

From brokers to charterers to concierge, most operators in the yacht world are focused on one thing and one thing only: selling yachting as an enticing lifestyle choice that you can’t do without. But behind this glossy idyll, the comparatively prosaic requirement of choosing an insurance policy that protects yacht owners and charterers from unforeseen events looms large. We’ve picked out 5 of the best yacht insurance companies currently on the market.

Pantaenius has been providing insurance across a number of sectors dating back to 1899, and for the yacht industry since 1977. Today the company is widely considered one of the leading insurance specialists on the yacht market in Europe and globally thanks to their tailor-made solutions developed by skippers, for skippers, and designed to eliminate all of the worry and stress from the cruising experience. As well as their standard coverage options such as hull insurance, personal accident insurance and crew medical insurance, they also offer a unique online solution, which allows vessel owners to choose their own cover according to the modular principle and manage contracts easily online.

pantaenius.com

Perhaps best known for the sales and charter arms of the business, IYC are also a leading international player in the yacht insurance sector. Their team of insurance experts help owners navigate their way through the multitude of customised solutions available to cover the exposures linked to the operation of their yacht. With direct access to US, Lloyd’s and European insurance markets, they are uniquely positioned to offer exclusive, competitive yet fully comprehensive yacht insurance products to clients. As well as market-leading yacht coverage, they also offer personal accident coverage (including emergency medical expenses and search and rescue) providing peace of mind for both owner and crew.

A family-run business with offices around the world, Lockton offer fully comprehensive coverage for vessels of all sizes. Their dedicated Yacht Practice provides specialist advice and expertise, working with clients to tailor insurance programmes that meet the complex needs of yacht ownership and provide comprehensive insurance resolutions. By combining the talents of both Private Client and Marine colleagues, they deliver seamless programmes to protect these high-value assets and their staff. Their solutions include coverage for hull and machinery insurance, tenders and submersible vessel insurance, medical and personal accident insurance for your crew and guests, berth liability insurance, and plenty more.

lockton.com

Admiral Marine

For over 25 years Admiral have been providing yacht insurance for sailors across the world. Launched by Robert Holbrook, a keen yachtsman, who  recognised the need for flexible yacht insurance for yacht owners, today it specialises in insurance for vessels based in the UK, Northern European waters, the Mediterranean, South East Asia and the Caribbean. The company prides itself on its personal touch and practical approach, with all claims handled in-house, making claim settlement fast, easy and stress-free. Along with the standard yacht cover, their insurance policy benefits include no excess for third party claims, no excess if you are struck by another vessel when moored, a contribution to accommodation costs if the yacht is rendered uninhabitable, and cover for piracy, acts of terrorism and associated risks.

admiralyacht.com

Coleman Marine

Coleman Marine Insurance is the company’s highly specialised marine division, providing bespoke solutions for all aspects of yacht insurance. Whether it be power or sail, monohull or multihull, yacht or custom tri-deck, the company provides tailored insurance solutions for you. Close relationships with leading yacht insurers have been nurtured to provide an extensive range of products for yacht and motorboat owners’ risks, with Coleman’s established specialists able to provide proven policy wordings and an exemplary claims service. A full 24-hour, 365-day-a-year claims management service is delivered by staff who work closely with leading marine surveyors in the UK, Europe and further afield.

colemanmarine.co.uk

Latest Articles

• New Hotel Openings in Istanbul 2023 & 2024 March 19, 2024
• 5 of the Best Yoga Retreats in Nepal March 19, 2024
• 5 of the Best Coworking Spaces in Santa Monica March 19, 2024
• Where to Find Short Term or Monthly Munich Apartment Rentals March 18, 2024
• Catamaran Charter in Croatia: The Best Companies March 18, 2024

About Chubb: About Chubb

About Chubb: About Chubb in the U.S.

About Chubb: Careers

About Chubb: Citizenship

About Chubb: Investors

About Chubb: News

Claims: Claims

Claims: Claims Difference

Claims: Claims Resources

Claims: Report a Claim

Login / Pay My Bill: Login for Business

Login / Pay My Bill: Login for Individuals

Login / Pay My Bill: QuickPay for Businesses

Login / Pay My Bill: QuickPay for Individuals

Login / Pay My Bill: Login to CRS

Contact Us: Contact Us

Contact Us: Global Offices

• File a claim
• Get a quote

Yacht Insurance

Protect your superior watercraft with superior protection from Chubb.

Chubb has been a leading provider of yacht insurance for over 100 years, offering some of the most comprehensive policies available for private, pleasure watercrafts. Being on the water is an experience of peace, calm, and new adventures on the horizon. It’s an experience you want to protect. Our Masterpiece® Yacht insurance policy offers superior coverage for pleasure yachts 36 feet or greater in length. And for captained vessels 70 feet or greater in length and valued at $3 million or more, our  Masterpiece Yacht Preference policy has the specialty coverages you and your crew need.

Masterpiece® Yacht Policy Highlights

Agreed Value Coverage

We pay the entire agreed amount, with no deductible, for a total loss. With our Masterpiece Yacht Select policy, eligible vessels can receive Replacement Cost coverage up to 120%.

Liability Protection

Limits of coverage to suit your personal needs, including: legal defense costs, liability as required by the Oil Pollution Act of 1990, wreck removal, and Jones Act coverage for paid crew.

Replacement Cost Loss Settlement

Repair or replacement of covered property is paid for without deduction for depreciation for most partial losses.

Uninsured/Underinsured Boater Coverage

Pays for bodily injury to persons aboard the insured watercraft who are injured by an uninsured owner or operator of another vessel.

Medical Payments

Reasonable medical and related expenses are included for all those onboard, boarding or leaving the covered vessel. These benefits are provided on a per person basis, rather than per occurrence. Optional and customized limits are available.

Search & Rescue

Up to $10,000 for the expenses incurred by an insured in relation to a governmental unit such as the United States Coast Guard (USCG) who provide emergency aid and assistance are included for no additional charge. With our Masterpiece Yacht Select option, coverage is available up to $25,000.

Longshore and Harbor Workers’ Compensation Act (LHWCA)

When Liability coverage is purchased, coverage is automatically provided for those employed aboard the vessel who are within the jurisdiction of the LHWCA.

Personal Property & Fishing Equipment Coverage

Protection is automatically included for the clothing, personal effects and fishing gear of the boat owner and their guests. Optional higher limits are available.

Coverage for Marinas as Additional Insured

Marinas, yacht clubs and similar facilities where clients keep their vessels are included as Additional Insureds.

Trailer Coverage

We automatically include coverage up to $5,000 for your trailer used with your insured vessel. Higher limits are available.

Emergency Towing & Assistance

Our policy includes this coverage with optional higher limits available.

Boat Show & Demonstration Coverage

We automatically provide this coverage, at no additional charge.

Precautionary Measures

We will pay up to the policy limit the reasonable costs incurred to haul, fuel or dock the insured watercraft endangered by a covered peril.

Bottom Inspection

We will cover the reasonable costs to inspect the bottom of an insured vessel after grounding, stranding, or striking a submerged object. There is no deductible for this coverage.

Oil Pollution Act of 1990 (OPA) Coverage

If Liability coverage is purchased, our policy provides coverage in addition to the Liability limit, up to the required OPA statutory limits, regardless of the Liability limit chosen. Additionally, if the OPA statutory limit is increased in the future, our policy will automatically increase the applicable OPA limit to match the new higher statutory limits.

Temporary Substitute Watercraft

Up to $5,000 to charter a temporary substitute watercraft if the insured vessel is out of commission due to a covered loss and cannot be repaired within 72 hours. With our Masterpiece Yacht Select policy offering, the limit of Temporary Substitute Watercraft is increased to $10,000.

Marine Environmental Damage Coverage

This feature provides protection up to $10,000 for fines and penalties as a result of marine environmental damage, as defined by the policy terms. Coverage is provided in addition to the insured's applicable Liability and OPA limits. With our Masterpiece Yacht Select policy offering, the limit of Marine Environmental Damage Coverage is increased to $25,000.

57% of boating accidents happen on calm days with waves less than 6 inches.

Chubb offers some of the most comprehensive protection and services available rain or shine.

*Source: 2016 Recreational Boating Statistics, United States Coast Guard

Masterpiece Yacht Preference

Masterpiece Yacht Preference fulfills the specialty insurance needs of luxury yacht owners with captained vessels 70 feet in length and greater, valued at $3 million or more.

No depreciation applies on the following items

Machinery inside the hull, Personal Property, dingy/tender, and Personal Watercraft.

Emergency Towing Service

We include coverage up to the amount of Property Damage with no deductible.

The medical payments limit offered is on a per occurrence basis, and we will pay costs incurred up to three years from the date of occurrence.

Marina as Additional Insured

The marina, yacht club, or similar facility where the insured yacht is docked, moored, or stored is included as an Additional Insured.

Captain and Crew Coverage

Liability coverage is extended to the captain and crew members serving aboard the insured yacht.

Defense Costs

Defense costs are included in addition to the limit of liability and includes up to $50,000 loss of earnings.

Mooring or Slip Rental Agreement Waiver

When waiver of subrogation is required through a written contract by a yacht club, marina, or similar facility used for the purpose of storage or slip rental, our Masterpiece Yacht Preference policy will permit an insured to waive their rights of subrogation.

Masterpiece® Recreational Marine Insurance Brochure

Your client’s guide to watercraft protection. Make sure they’re protected, with the right coverage, so they can relax on and off the water.

Related Coverage

We provide exceptional boat insurance with tailored protection.

We help you stay ahead and informed with these helpful tips and tricks

12 safety tips for recreational boaters

As the weather warms up, many of us head to lakes, rivers, or the ocean to fish, waterski, cruise, and relax onboard a boat, yacht or other personal watercraft. 

Understanding boat insurance

A comprehensive guide to finding the right boat insurance coverage.

This information is descriptive only. All products may not be available in all jurisdictions. Coverage is subject to the language of the policies as issued.

Find an Agent

Speak to an independent agent about your insurance needs.

Yacht insurance

Finding you the right yacht insurance cover.

Finding the right yacht insurance cover should only add to your joy of sailing. Many of our team are sailing enthusiasts, so we understand the kind of marine insurance cover you’re looking for.

Our expert team will work closely with you to understand how you sail, and where, to find you comprehensive cover that takes all of your individual needs into account.

Our features and benefits

We know everyone enjoys sailing differently. That’s why we offer marine insurance cover that’s tailored to your needs. Our comprehensive cover can include:

• Cruising ranges can be tailored to your individual requirements
• No excess on non-fault claims whilst moored in a UK marina
• Road transit up to 9 metres with option to extend
• Up to 25% no claims bonus protected
• In house claims team to support you from start to finish
• Discount for RYA members
• Policy arranged on market value but can consider agreed value

Protection from the unforeseen

• Accidental damage including fire and theft
• Personal accident cover
• £5 million third party cover

Get a quote for yacht cover 

Call us or request a quote today – our experts are always on hand to support you.

93 % of our customers would recommend our service

Need something specific?

We’re perfectly positioned to find you comprehensive cover tailored to your specific needs. We can also alter your yacht insurance policy to include the right cover for you:

• Dinghy and tender
• Outboard engine
• Personal belongings
• Special equipment – for example portable navigational equipment

We're unable to quote for steamboats online. Please call the team to get a quote.

What’s included in our yacht insurance cover?

We’re always transparent about what’s included in our yacht insurance cover. But if you’re not sure what kind of cover you need, our friendly team is on hand to help.

We take your personal requirements into account to provide you with the level of cover that’s right for you.

Please note this list is not exhaustive – refer to your full policy documents for details.

What is insured?

The right cover for you and your yacht:

• Loss or damage to your insured property by one or more of the following: Accident, fire, theft, malicious damage and vandalism
• Loss or damage occurring during hauling out, launching and lifting by crane, including fitting out and overhauling
• Loss or damage whilst in transit by road included as standard for vessels up to 9 metres in length
• Liability to third parties and non-fare paying passengers - £5 million as standard
• Your legal costs in settling or defending a claim, solicitors fees and other expenses relating to official enquiries or coroners inquest

What's not insured?

• The cost of repairing or replacing any part that is lost or damaged because it is faulty
• Loss or damage caused by insects, marine borers, barnacles, marine growth, fungi or molluscs
• Any liabilities incurred whilst your boat is being used by, or is in the custody or control of any person employed in the marine trade in conjunction with their business.

New Client - Very Satisfied! My representative handled my somewhat unique situation professionally and expeditiously. He was knowledgeable and communicated in a timely manner. I am thoroughly satisfied and would highly recommend Bishop Skinner. Henry

Why insure your yacht with us?

Our team are different because we understand the lifestyle of owning various types of vessels.

Having our yacht insurance experts do all the hard work lets you get back to enjoying your hobby with confidence and peace of mind.

We’re proud to offer:

• 40 years of marine broking experience, backed by the world’s leading insurance broker and risk adviser
• Real people giving you a personalised service
• A diverse team passionate about boats
• Market value and agreed value policies
• A trusted partner of the RYA
• Quality products backed by A-rated insurers
• The flexibility to buy the way you want – online or over the phone
• Access to are friendly team who is always on hand to help, especially if buying online isn’t quite right for you.

Our promise to you

We take yacht insurance seriously, so that you’ll always know you’re in the right hands. We promise to:

• Represent your interests at the time of a claim to get you the very best outcome
• Give proactive risk management advice to protect your boat
• Make it easy to make changes to your cover throughout the year.

Going the extra mile

Our dedicated team love to answer your questions and go the extra mile wherever they can. And we’re not just boat experts, we’re also experts in:

• Finding solutions to fit complex client needs
• Explaining conditions and exclusions so you don’t fall foul of them
• Explaining the process of insuring a yacht
• Explaining the risks to new yacht owners
• Walking you through the whole process of insuring a yacht.

Still not sure what yacht cover you need?

No problem, we'd love to talk to you about your needs. Call our experts today.

Frequently asked questions

Marine insurance is not actually a legal requirement in the UK. But, if you are considering buying a yacht, it makes sense to protect your investment.

Evidence of third party cover is compulsory at most marinas, harbours and in recognised mooring areas. In order to get an inland waterways licence, you may need to produce proof of third party cover.

Broadly speaking this covers claims you legally have to pay as a result of owning your boat for injury to other people or damage to their property (reference should be made to full terms and conditions of the policy)

While it is not usually a legal requirement on most waters, having appropriate cover makes sound financial sense. Marine mortgage companies for instance insist on compulsory insurance as part of their money lending process. However, there are two stand-out reasons why boat insurance is important:

• Firstly you have to protect your capital investment against loss or damage which ultimately could result in a large and costly repair bill if the worst were to happen.
• Secondly having adequate boat insurance can help to protect you against any third party liability for injury or damage caused by you or your vessel. Third party liability is usually the most frequent claim we receive when it comes to boat insurance.

Read our latest related articles

March 07, 2023

7 Point Checklist: Owning a Boat for the First Time in the UK

Have you just purchased a boat? Firstly, congratulations! To help you with the next steps, we’ve pulled together a 7 point checklist of the key things you need to think about.

June 27, 2023

New quote and buy launches for yachts and motorised vessels

Bishop Skinner Marine is delighted to announce it has strengthened its ability to meet the needs of customers with the launch of its online quote and buy facility for yachts and motorised vessels on 12 June 2023.

September 07, 2023

Bishop Skinner Marine team set sail at Blackwater Sailing Club

The Bishop Skinner Marine team recently enjoyed an evening of dinghy sailing on the training lake at Blackwater Sailing Club in some RS Quests. Find out how they got on.

Log in to Markel

• US Broker Agent

US customer login

Log in to make a payment, view policy documents, download proof of insurance, change your communication and billing preferences, and more.

Log in to access admitted lines for workers compensation, business owners, miscellaneous errors and omissions, accident medical, general liability, commercial property, farm property, and equine mortality.

Markel Online

Log in to access non-admitted lines for contract binding property & casualty, excess, and commercial pollution liability.

MAGIC Personal Lines portal

Log in to access personal lines products including marine, specialty personal property, powersports, bicycle, and event insurance.

Markel Surety

Log in to access Markel's surety products.

Yacht insurance

The marine insurance leader for over 45 years.

Find a Markel marine agent and get a free, no-obligation quote today.

If you love your yacht, you’ll love our insurance.

We’ve been the yacht insurance leader for over 45 years because we provide coverages that fit your yacht and your lifestyle. Markel yacht insurance can offer distinct advantages in coverage features, options, knowledge and experience.

Why do you need yacht insurance?

Whether you own a yacht or a houseboat, we understand it’s not a typical boat and shouldn’t be covered by a typical boat insurance policy. That’s where we come in—each Markel yacht insurance policy can be customized to fit your yacht, your needs, your budget and your style.

Still not sure?

Here’s a few of the potential advantages to insuring your yacht with us:.

More complete coverage than any other carrier at no additional cost.

Experienced yacht underwriters and marine claims specialists who provide prompt, responsive service.

Discounts and cost-effective coverage options to save you money.

Flexible payment options.

Save money by customizing your yacht insurance

Actual cash value coverage (ACV) Reduce your coverage to ACV, which factors in depreciation of your yacht should you have to file a claim.

Lay-up option We’ll discount your yacht insurance premium during the winter months when your yacht is not in use.

Higher deductibles If you can manage minor repairs to your boat on your own, selecting a higher deductible will reduce your premium.

Windstorm exclusion Live in an area that isn’t at risk for a hurricane? You may consider removing windstorm coverage from your policy.

Liability only Coverage in case you damage another yacht and/or person (doesn’t require a survey—even for older boats).

What we offer

We offer coverage for a variety of watercrafts over 26 feet in length, including:.

• Sport fishing boat

Our coverages can include:

• Coverage for your yacht
• Coverage for you
• Optional coverages

Hull and equipment insurance protection including:

• Protect and recover can cover reasonable costs incurred when trying to protect your yacht from further damage after an accident
• Consequential damage for non-wood yachts–normal wear and tear and deterioration is not typically covered under a yacht insurance policy. However, if your yacht suffers damage from fire, explosion, sinking or collision because of one of these conditions, you may be protected
• Ice and freezing damage coverage if you contracted with a commercial marina or repair facility
• Agreed value for total loss
• Deductible waived on most total losses
• No depreciation on most partial losses
• Automatic tender coverage

Windstorm extra expense If there is a named storm, watch or warning, we will share the expense with you to help protect your yacht before the storm makes landfall.

Personal effects coverage For all the “extras” you physically bring onto your yacht. (i.e., smart phone, camera, etc.)

Emergency towing and assistance Coverage for towing expenses if your yacht happens to get stuck in or out of the water, including the delivery of gas, oil and parts.

Rental reimbursement coverage Coverage for when your yacht is being repaired from a covered loss.

Uninsured boater Unfortunately, not all boaters on the water have insurance. This coverage helps protect you and your family members if you are injured in an accident caused by an uninsured boater. Coverage is automatically included if watercraft liability is purchased.

Pollution liability Pollution coverage helps protects you if you are held legally liable due to an oil pollution leak or spill.

Medical payments Coverage for injuries suffered during an accident on your yacht.

Paid crew (Jones Act) Protection for you if you are legally responsible for injuries to a paid captain or crew member while on your yacht.

Protection and indemnity Coverage in the event that you are responsible for injuries to another person, or damage to their boat or property. Wreck removal is included with purchase of hull coverage.

• Boat trailer coverage
• Boat lift and boat house coverage
• Fishing tournament reimbursement for fishing boats
• Fishing equipment protection
• Transit and storage coverage
• Trip coverage
• Trip interruption reimbursement
• Personal liability coverage if you live aboard your yacht

Frequently asked questions about yacht insurance

General questions.

How much coverage do I need? Each boat, person, location and situation is different. There isn't a good way to give a "ballpark" figure for how much coverage you need. It’s best to evaluate your comfortable level of risk when protecting your boat, assets and passengers. Your best option is to call our boat specialists at +1.800.236.2453 to discuss the best coverage for you.

Can I insure my yacht for liability only? Yes, we offer protection and indemnity (liability only) coverage to help protect you in case you are responsible for injuries to another person or damage to another boat or property. Many carriers do not offer liability-only policies for yachts, or if they do, require a survey. However, Markel’s protection and indemnity coverage does not require a survey, so you’re able to do what you love without worries out on the water.

Will my policy cover normal wear and tear of my yacht? Most insurance policies will not cover normal wear and tear of your yacht and the deterioration or the resulting damage. However, if your yacht is damaged from fire, explosion, sinking, collision or stranding, you may be protected under our consequential damage coverage.

Can I use my yacht for chartering? We know that sometimes yacht owners charter their yacht for sightseeing tours or even sport fishing to help offset some of the costs of owning a yacht. Markel offers an optional limited charter coverage for these situations provided the captain of the watercraft has a minimum of 2 years loss-free experience of yachting. Additional restrictions may apply.

I live on my yacht. Am I covered? Markel provides live aboard coverage. Be sure to disclose that you live aboard to your agent.

My yacht is in a corporation's name. Can I still insure it with Markel? Our yacht insurance policy can cover corporately titled boats for both personal use and client entertainment. We do require all corporately titled boats designate a designee of the watercraft. Contact your agent to learn more.

Do I need to insure my yacht in the winter? It may seem that since you don't use your yacht in the winter you don't need to insure it. This is a risky way of looking at insurance and one that we have seen cost far too many people far too much money. Your yacht is at risk for damages at all times of the year, not only when it's on the water. For example, if your yacht is placed in storage for the winter and is damaged, you will not have any assistance in paying for those repairs without an active insurance policy.

Do you cover unique boats? We offer coverage for various kinds of boats that other insurers may shy away from, including: high performance boats, airboats, hovercraft, etc. Not sure if your watercraft will be covered? Give us a call at +1.800.236.2453 to speak with one of our marine insurance specialists.

What kind of fishing equipment is covered? Your rods, reels and tackle are automatically covered under your personal effects coverage up to the limit purchased. If that coverage isn't sufficient, our fishing equipment coverage provides insurance protection at replacement cost. Please contact one of our marine insurance specialists at +1.800.236.2453 to find out more.

Claims questions

How do I file a claim? We understand that no one wants to file a claim. That's why we do everything we can to make the process as painless as possible. You can report your yacht insurance claim by calling our office at +1.800.236.2453 or submit your claim online and we'll take it from there.

How long will it take for my claim to be processed? We are committed to investigating, evaluating and resolving marine insurance claims in a timely manner.

Is there anything I can do to help speed up the claim process? Yes, you can help streamline the claims and settlement process and avoid delays by providing the following information when you file your claim:

• Policy number
• Date, time and location of loss or damage
• Description of loss or damage
• Digital photos (if possible)
• Phone number to reach you

Additional resources

Related articles.

From boat safety tips to breaking down yacht insurance, find the information, advice, and resources you’ll need all in one place.

Warrior Sailing

Markel is a proud supporter of Warrior Sailing, an organization dedicated to healing and strengthening the lives of veterans through sailing. Visit warriorsailing.org to learn about Warrior Sailing and how you can donate to the program so they can continue to help the lives of wounded veterans.

Related products

Specialized coverage designed specifically for boats 26 feet or less, such as pontoons, runabouts, fishing boats and more.

High performance boat

Insure your high performance watercraft with a high performing policy for all your specific needs.

Personal watercraft

Fit your budget and boating style with affordable and customizable coverage for your personal watercraft.

• Renew Your Policy
• Make A Claim
• Your Policy

Yacht & Sailing Boat Insurance

Get the right level of cover with our yacht & sailing boat insurance so you can enjoy cruising on your yacht or sailing boat with confidence.

Having specialised in Marine Insurance for over 195 years GJW Direct can provide you with the perfect cover for your boat with instant quotes available online. Our self-service portal allows you to manage your policy online 24 hours a day, 7 days a week, 365 days a year. Alternatively, you can speak to a member of our friendly team . With a vast range of boat insurance options to suit all needs, when you insure your yacht or sailing boat with us you’re in safe hands.  

     Get a Quote Online    

No Excess For Third Party Claims

No excess to pay on claims for loss or damage caused by an untraceable third party.

Agreed Value

In the event of a total loss claim, we will pay the value of your vessel originally agreed upon taking out your policy.

GJW Direct offer interest free annual payment plans on direct debit policies over £100. With a small deposit the remaining cost can be spread over 10 interest free instalments.

• Protected no claims bonus
• Third party liability £5,000,000
• Single handed sailing
• Legal protection cover
• Medical expenses cover
• Personal accident cover
• 24 hour emergency claims helpline
• Simple online claims procedure
• Rapid claims settlement
• Excellent financial security
• Friendly personal service
• Exclusive discounts from a range of recognised marine brands via MyBoat

Features are subject to restrictions. Please see policy wording for full details.

For more information about the features of our GJW Direct Insurance, please refer to the relevant policy document.

• 10% discount is included in your price if you moor your vessel in a recognised UK marina
• Recoup your berthing fees if you cannot occupy your berth due to loss or damage
• Returning home after an incident; we will pay up to £2000
• No excess for loss or damage incurred at your home marina if caused by an unknown or untraceable third party
• Increased legal protection cover up to £100,000
• Increased medical expenses up to £3000
• No excess or loss of no claims bonus if loss or damage occurs whilst under way within your home marina
• In the event of a claim you will have the benefit of a dedicated claims handler
• We cover the cost of replacement keys if they are lost or stolen

GJW Direct launch their latest Marina Scheme offer - a FREE 1-year savvy navvy subscription 

That's right, as a thank you for joining the GJW Direct Marina Scheme, we have teamed up with savvy navvy to supercharge your navigation.

Key features of a savvy navvy subscription

• With your savvy navvy subscription, you'll find a boatload of amazing tools to help you navigate the waves over the next year. Below we've highlighted a handful of our favourites:
• Savvy Charts - built with the boater in mind, allowing you to access essential marine information with a user-friendly interface.
• GPS Active Tracking - quickly view your live position whilst on the move. Enabling you to check your Course Over Ground and Speed Over Ground in a matter of seconds.
• Weather Forecast - never misjudge the weather again with this key feature, you can find the changing wind direction and speed, instantly.
• Route Planning - organise your day with this handy route-planner tool. You'll be able to see the best route based on a number of factors, including departure time, chart, weather, tide and boat data.
• Not to mention so much more, including Course to Steer, Distance Measurements, Marina & Anchorage Information, plus Dedicated Customer Support. Learn more here.

For eligibility and full terms and conditions please see details  here

What GJW Direct customers think

A company with a good reputation in the industry. They provided a competitive premium quote which was agreed without difficulty. A first rate service from Debbie. We have had no claims on our policies since 1995 - long may it continue!

1st impressions of dealing with GJW and taking out the cover on our V45 10/10. Debbie was extremely helpful. Thank you for your perseverance in getting the right cover in place for us.

Excellent service to sort out new insurance for us. Good price, swift responses and easy signing up. They included our pontoon easily when others would not.

Remarkably helpful and knowledgeable staff who answer the phone readily. I have talked to them on a number of occasions as I plan my boat insurance needs. In general they seem to be mature, experienced people who understand their business and their industry and are happy to answer questions and explain how things work.

What does our Yacht policy cover?

GJW Direct offer interest free annual payment plans on direct debit policies over £100. With a small deposit the remaining cost can be spread over 10 interest free instalments.

Once you earn no claims bonus it is protected. This means that you will not lose your no claims bonus if you have one claim in any one policy period. Two or more claims will result in a loss of no claims bonus.

We cover you and any other person using your Yacht with your permission for legal liability to another person arising out of interest in use of your Yacht up to a maximum of £5,000,000.

We include single handed sailing cover for up to 18 consecutive hours at no extra charge.

We cover your legal expenses up to £25,000 to pursue damages for injury or death or out of pocket expenses following damage to your Yacht or for the defence of criminal prosecutions brought against you.

We cover you and the crew of your Yacht for Medical Expenses incurred by you and/or them arising out of personal injuries caused by any of the perils covered under your Yacht Insurance up to £1,000 any one occurrence.

Our Yacht Insurance covers you and any other person using your Yacht with your permission for accidental bodily injury or death whilst using your Yacht up to a maximum amount of £20,000 any one person and £40,000 in respect of any one event.

Our staffed emergency claims helpline is open 24 hours a day, 365 days a year so we’re always there when you need us to offer a swift response and give sound, practical advice.

Once we have received invoices and bank account details it takes 3-5 working days to be processed through the banking system and to arrive in the recipients bank account. 

Please note that payments being made to outside the UK may take a little longer.  

You can trust in our Excellent Financial Security as we are authorised and regulated by the Financial Conduct Authority.

Our specialist team who have a wealth of experience in the marine insurance industry. Talk to one our friendly team on 0151 473 8000 or get your quote online today.

Did you know, MyBoat members who insure with GJW Direct have access to exclusive offers and discounts from a range of recognised marine brands. Unlock your discounts today - sign up to MyBoat.

It is our mission to make reporting a claim and repairing your vessel as painless and efficient as possible.

Got a question? Search our FAQ site which covers everything from policy management, changes, quotations and renewals to how to make a claim.

Discover our helpful resource page for useful tips and advice for all things boating!

Yacht Tips & Advice

Whether you're looking for inspiration on holiday locations, tips for maintenance and customisation, or advice on yacht insurance, we've got something to help guide you.

Policy Documents

See below the policy documents relevant to your Yacht cover which are available for you to download.  

Please note, your policy wording may differ from the latest version available on our website. Please refer to your online dashboard for the relevant wording for your policy.

Yacht Insurance Policy

Legal protection cover, personal accident cover, yacht insurance product information document.

A yacht, or sailing boat, is a sailing vessel that may be used for pleasure cruising or in competitive sports. It is a broad term and may also be used to describe motor-powered boats, otherwise known as  motor cruisers .

GJW’s comprehensive yacht insurance policy covers sailing yachts primarily powered by sails, used for pleasure or leisure cruising. Looking for a motor yacht policy? Check out our  motor cruiser page  for more information.

Our yacht insurance covers smaller vessels too. We offer cover for a range of vessels from day boats to ocean-going yachts - get in touch with our team to find out which policy is right for you.

A catamaran yacht, or a sailing catamaran, is a sail or motor-powered boat featuring two parallel hulls instead of the traditional one-hulled yacht design. Catamarans can be used for recreational cruising, sailing, or fishing

GJW’s yacht insurance policy covers catamaran yachts primarily powered by sails, used for recreational sailing or cruising. Looking for a motor-powered catamaran yacht policy? Check out our motor cruiser page for more information.

Yacht In s urance

The best yacht insurance rates.

From America's boat insurance experts since 1984

Get a Quote

• Marine Insurance
• Boat Insurance Quote
• Company Information
• Testimonials
• Boat Safety
• Boat Towing
• Boat Insurance Guide
• Yacht Insurance
• Insurance Glossary
• Report A Claim
• California Boat Insurance
• Maryland Boat Insurance
• Michigan Boat Insurance
• Texas Boat Insurance
• North Carolina Boat Insurance
• New York Boat Insurance
• Florida Boat Insurance
• Minnesota Boat Insurance
• Louisiana Boat Insurance

The Differences between Boat & Yacht Insurance

When you look at a boat insurance policy, you'll notice the language is unlike your typical homeowner's or auto policy. What you may not know is that vessel insurance can even vary from policy to policy, depending on a variety of factors.

Yachts are classified as vessels 27 feet or more in length, while boats are 26 feet or less. No matter what type of vessel you have, when it comes to the type of policy, seek out Agreed Value. Agreed Value policies are cover all damages, except for sails, outboard motors, canvas covers, cushions or other specified items. They do not reflect depreciation or market value, which means you will get a greater settlement in the event of a claim. Other policies such as Actual Cash Value may be cheaper, but they also factor in depreciation and market value and will subtract that from your payout.

Also, when it comes to navigation limit, boat and yacht insurance policies can vary due to different exposures. For example, a boat policy typically includes unlimited overland transportation on a trailer, while a larger yacht policy would restrict overland trailering to only several hundred miles.

Deductible amounts can also differ. A yacht policy can offer deductibles of up to 3 percent for any hull damage. However, deductibles for a total loss, marine electronics loss or a windstorm loss can vary depending on your particular policy. By contrast, a boat policy offers a flat deductible, typically of $250, $500 or $1,000.

Because yachts inherently incur more risk due to their size and navigation, the liability feature of yacht insurance provides broad coverage designed to shield you from the effects of the maritime law. Your coverage is much broader than with a typical watercraft liability policy, and offers protection to permissive users, captain and crew liabilities, along with the Jones Act, a federal law that allows a seaman who gets injured on the job to bring a suit for damages against his or her employer.

Besides, yacht insurance addresses salvage to a damaged yacht, legal liability to remove a sunken wreck and uninsured boater coverages. In a typical boat policy, only general liability protection is included. For example, if your boat sinks in the Great Lakes or any of its tributaries, the U.S. Coast Guard says it must be raised. There will be salvage costs, fuel clean-up - and you'll have to pay the bill regardless of your coverage.

While most yacht policies provide salvage coverage, they do so in different ways. Some choose to limit the dollar coverage to a stated amount or percentage of the hull amount.

Another very important part of the salvage issue is wreck removal. Some companies include wreck removal under their hull coverage, which then limits its value. A true yacht policy will include it under the protection and indemnity limit, which will provide much higher limits and additional coverage.

Get Your Insurance Quote

Another difference is that in yacht policies, your legal defense is in addition to protection and indemnity limits, while boat policies offer legal defense within the limit of liability.

Yacht policies have warranties, including the seaworthiness, navigation limits territories and navigation lay-up limits. While some boat policies do not require warranties, others may incorporate them.

Many boaters consider adding their vessels to their homeowner's insurance in an attempt to reduce their costs. Although the cost is substantially less when you add a boat to a homeowner's policy, but you don't get near the coverage. In this case, the old adage still holds true - you get what you pay for. The bottom line is not the amount of your policy premium, but how much you will collect at the time of loss.

For more information on boat and yacht insurance, or to talk to an experienced agent about different coverage options, contact NBOA Marine Insurance. Representing several A+ rated carriers, their insurance specialists will be able to create a customized policy that fits your specific needs and would be happy to answer any questions you may have.

Call 1-800-248-3512 or start your online boat insurance quote today.

CELEBRATING 35 YEARS AS ONE OF THE NATION'S TOP INSURANCE PROVIDERS!

• Yachting World
• Digital Edition

Bluewater cruising insurance – what you need to know

• April 13, 2022

Janneke Kuysters looks at bluewater cruising insurance and explains what you need to know and why it's become increasingly difficult to insure your yacht for long distance cruising

There’s no getting around the fact it has become a lot harder to get boat insurance, particularly bluewater cruising insurance. However, there are still ways to secure good coverage – you just need to know what makes insurers tick.

If you want to ruin any cruising sailors’ potluck party on a tropical beach, just drop in a question about boat insurance. Many boat owners have stories to tell. Just about every aspect of the process has become more complicated for bluewater cruising insurance, it takes a bigger chunk out of the cruising budget every year and the rising deductibles make it more and more tempting to go uninsured. So, what is going on in the market and how do you get proper insurance to match your cruising plans?

How bluewater cruising insurance works

First, let’s look at who you are dealing with when you try to get your yacht insured for a trip to the Med, the Caribbean or a circumnavigation.

The insurance company covers your yacht: they write the cheque when there are damages to it or when you’ve caused damage. All this depends on the conditions that you agreed to when taking the policy, but in general, you don’t deal with the insurance company directly when you try to get insurance for a bluewater itinerary. Unlike car insurance, boat insurance is a very specific product and it requires a tailor made approach. Most likely you’ll do business with a broker or an underwriting agent.

Uninsured yacht owners could face enormous salvage, repair and environmental damage costs if the worst should happen. Photo: Ben Welsh Premium/Alamy

The broker considers you, your boat and your plans and presents this ‘package’ to several insurance companies. A single insurance company may want to insure you, but it could also be a syndicate of insurers: each insurer accepting a certain percentage of the risk presented by your package.

There are different kinds of brokers; the difference lies in the amount of work they take off the hands of the insurance companies. If the broker is just helping you to get cover for your beautiful blue water itinerary, you’ll get a policy with the header of the insurance company. If the broker does a lot more work, for instance manning phone lines for 24/7 assistance and handling of claims, you may find their company name at the top of your policy. Brokers that take the most work off the hands of the insurers are called managing general agents (MGAs).

What has changed?

Why has it become more complicated to get yacht insurance for blue water voyages? Mike Wimbridge, managing director of Pantaenius UK, explains: “Yacht insurance for offshore itineraries has always been a tailor made market. And we see that, in recent years, there has been less appetite from the insurance companies when it comes to yacht insurance in general. For coastal cruising in UK waters, things are still fairly easy to insure. But for more bespoke risks like insuring a bluewater cruise, we see that the market is nervous.”

There are several reasons behind this change, Wimbridge says. “Up until 2017 this was a highly competitive market, so prices were as low as possible. It then became untenable for many insurers, especially when a few big windstorms tore through areas where lots of yachts were stored.

“Insurance companies and their reinsurance companies pulled out of the market, leaving a few behind who needed to safeguard their financial situation. So the premiums and deductibles rose. Things are stabilising now, but we still see slight increases annually.”

There are other factors at play. The effects of climate change mean extreme weather events happen more often.

Sailing off the beaten track can be challenging to insure. Photo: Janneke Kuysters

The typical consumer profile has also changed. In the past, yacht owners usually set off on passage armed with sextants, paper charts and a wealth of experience. Nowadays it has become a lot easier to get started – thanks to everything from computer-based navigation systems to powered sail handling – so owners can set off on a bluewater cruise with less experience.

At the same time, boats have become larger and potential claims more expensive: a single lightning strike can destroy tens of thousands of pounds worth of electronics, so it’s perhaps understandable insurers can be nervous to write bespoke policies.

However, there are signs that the market is rebalancing. Ric De Cristofano, director of underwriting with Topsail Insurance, says: “The good news is that the insurance market is cyclical: it will bounce back. I think we have the worst time behind us and we’ll see that insurers become more open to write policies for bluewater cruising yachts.”

How to get bluewater cruising insurance

If you are looking for insurance for a bluewater itinerary, Wimbridge says, “Getting a quote is getting harder and harder. You have to ‘pitch’ yourself, your boat and your plans to the insurer. The broker can help you to do this or you can select a carrier that has staff on hand who are experienced in this area. Things like your sailing CV, diplomas and those of your crew, previous long passages that you have successfully undertaken, and technical or managerial skills that will benefit your sailing, are very important to mention.

“When it comes to the boat: the more seaworthy, the better. There is no real threshold when it comes to boat value, but a well found yacht that is suitable for offshore cruising is paramount to get insurance.”

“We have added a maintenance log to our ‘pitch’ to get insurance,” say American cruisers Jason and Nicky Wynn (see gonewiththewynns.com). “This has added to the success of securing insurance for our boat.” Keep receipts and take photographs as proof of upgrades and repairs, and record a log of routine maintenance.

“The third element in your ‘pitch’ is your itinerary,” continues Wimbridge. “The Atlantic and Pacific are well-cruised areas where insurers can assess the risk they are writing. But if you’re heading around Cape Horn or further afield in the Indian Ocean, premiums will rise. So with your choice of itinerary you can influence the height of your premium and insurance conditions.”

Hurricane damaged yacht. Photo: Pantaenius

In general, insurers are not keen to cover your yacht if you sail in areas with a cyclone/hurricane risk. They have predefined areas and dates which are important to adhere to if you want to stay insured. You will also have a very hard time finding insurance to sail in areas with political instability, war or threats of terrorism. War Risk zones are internationally acknowledged areas where even large commercial ships pay breathtaking insurance premiums.

De Cristofano adds: “Start looking for an insurer at least six months before you plan to leave. Have a chat with your broker to see if they will be able to find insurers that will cover your itinerary. Give yourself ample time to put your ‘pitch’ together and to discuss possible alternatives with your insurer that will lead to a policy that fits your budget.

“It pays to negotiate about the deductible: if you are willing to accept a higher deductible, this may make a significant difference in the premium you will be paying, because it signals to the insurer that you have confidence in your yacht and your skills to maintain it properly.”

However, Wimbridge warns: “Price is not all; think of insurance as a partnership with the insurer. The cheapest policy may not do what you need it to do when you are in trouble on the other side of the planet. You need an insurer who has the knowledge and the capacity to get help to you where you are: spare parts, technical assistance or even worst case, salvage. A lot of the cheaper insurance options will require hiring a third party provider locally, which may present all sorts of cultural and language barriers. So look at the quality of the policy.”

Real world solutions

Bill Garlick is a well known name in the cruising community: many boat owners who have sailed to the other side of the world and run into trouble with their insurance get help from Bill at The Marina Shop in Opua, New Zealand.

“The marine insurance market had a monumental dislocation at the end of 2018 when many Lloyds pleasure craft syndicates closed their books,” Garlick explains. “The lost capacity created a worldwide shortage of marine insurance for pleasure craft. Cover was difficult to find and premiums started rising. Around 95% of our clients were insured with Lloyds at the end of 2018 and those now with Lloyds can be counted on one hand. A number of insurers stepped in to fill the abyss which meant brokers and clients had to deal with new policy wordings and cruising parameters. By the end of 2019 most clients were placed with new insurers.

Keeping a log of regular maintenance can be helpful. Photo: Janneke Kuysters

“A consequence of the contracting market is that marine insurers have tighter criteria and marine insurance is more difficult to secure. Older (30 years-plus), smaller (under 40ft) and low value boats (less than US$100,000) are difficult and sometimes impossible to insure. Standing rigging must be no more than 10 years old (a rig inspection and report is no longer acceptable), surveys are generally required when an insurer takes on a new risk unless the vessel is a relatively new factory production model.”

He adds: “Registration is now the key factor in securing marine insurance. Many insurers are not registered in all countries/jurisdictions so they can only offer cover to certain flags. Choosing a flag is now the decision that determines which – if any – insurers can offer terms.”

Claudia Masson, CEO of the specialised German yacht insurance broker Preuss, says Brexit has also had an impact on European brokers: “Since Brexit, it is no longer possible for us to insure a UK registered yacht with a UK owner. We’ve had to cancel all the policies of our UK clients; this has limited the amount of alternatives there are for UK boat owners.”

“Lightning, windstorm and saltwater damage to electronics and electrical systems are problematic,” adds Garlick. “Many marine insurers simply refuse to offer cover for these risks and others mitigate their exposure by offering high excesses/deductibles.”

Go uninsured?

Every year a number of cruising yacht owners decide to sail uninsured. There are several reasons for this, but usually it’s because of budget constraints or simply because they cannot find an insurer.

But there are considerable risks to going uninsured. First of all, some countries will not let you enter or leave without at least liability insurance – Panama being one example. The same applies to most harbours or marinas.

But the most important thing to consider when you sail uninsured is whether you can afford to lose your boat and equipment. Would being uninsured likely change your behaviour – would it make you less likely to issue a Mayday? In the case that you hit a reef, could you finance the cost of salvage and repairing environmental damage? Or the liability if you accidentally hit another yacht or a swimmer in the water?

“If you are considering sailing uninsured, there are insurers in the UK that will accept yachts for just the liability insurance,” says Ric De Cristofano of Topsail Insurance.

If you enjoyed this….

Yachting World is the world’s leading magazine for bluewater cruisers and offshore sailors. Every month we have inspirational adventures and practical features to help you realise your sailing dreams. Build your knowledge with a subscription delivered to your door. See our latest offers and save at least 30% off the cover price.

• MyNewMarkets.com
• Claims Journal
• Insurance Journal TV
• Academy of Insurance
• Carrier Management

Featured Stories

• Chubb’s Greenberg Defends Appeal Bond to Trump
• Florida Jury Awards $32M Against Cleveland Clinic

Current Magazine

• Read Online

How to Sell Yacht Insurance Amidst a Rising Tide

The market for yacht insurance has hardened in recent years, due to the frequency and severity of catastrophic (CAT) claims. Widespread losses incurred along the West Coast of Florida and the Atlantic Coast from Hurricane Ian in 2022, for example, resulted in more than $112 billion in damages. Because of catastrophes such as Ian, many watercraft insurance carriers – both admitted and non-admitted – have pulled out of the market in coastal areas.

For carriers that continue to provide coverage in hurricane-prone states, premium costs have doubled or tripled. The increased coverage costs and the difficulty in securing boat coverage has deterred some from purchasing them – but not all. Brokers today are challenged with securing coverage for their high-net-worth clients even in high-risk areas.

In this market segment, there are three tiers of coverage for high-end boats, based on cost and size of the boat:

• Top tier boats have values of $2 million or greater, are at least 65-feet long or larger and must have a full-time captain.
• Middle tier boats are valued between $350,000 and $2 million and are between 35-feet and 65-feet long and the owner-operator is typically the full-time captain.
• First tier boats cost up to $350,000 and are 15-feet to 35-feet long.

Incidentally, middle tier boats are the most difficult to secure coverage for, due to the number of high claims filed and the types of boats covered within this tier. Premiums can run comparatively higher than other tiers as a result.

What can brokers do to help their insureds?

Much of your focus when searching for yacht coverage for clients should begin with a discussion on the age of the craft. Advise your clients that older boats – especially those 10 years and older – are more costly to cover and are harder to insure.

Here are six tips to help guide brokers as they advise boat-owning clients on how to mitigate risk and secure coverage.

• Don’t jump ship.

Sometimes the purchase of a larger or more expensive boat can make obtaining coverage difficult. If a client considers upgrading from a 25-foot craft to a 40-foot one, for example, it’s prudent for you to let them know that they will need a captain’s sign off and premium costs will increase. That is, if the carrier accepts the risk in the first place.

• Be proactive about obtaining insurance.

Advise clients to start looking for insurance the day they begin shopping for a boat. Other than first-tier purchases, same day quote-and-bind processes are a thing of the past. Securing coverage for middle- and top-tier crafts can now take up to a week.

In addition, inform boat owners that many insurers require them to hire a captain for 50 hours of training if piloting a craft larger than 10 feet to 12 feet in size, or depending on the size of the boat, they may have to hire a full-time captain to place coverage.

• Have a hurricane plan in place.

Most carriers require boat owners have a plan should a hurricane occur. Advise owners they may have to move their boats inland or to a facility that’s rated to withstand hurricanes. If domiciled in a hurricane-prone state, owners may have to store their boats in a CAT-4 or CAT-5 rated facility when not in use.

• Don’t be an absentee owner.

Advise clients about the perils associated with absentee ownership. Clients who live in a state other than where the boat is stored are considered absentee owners. In the current market, this significantly limits the number of carriers that will actually extend coverage to out-of-state boat owners.

• Stay mindful of wind coverages and exclusions.

In the past year or so, carriers have begun to exclude some wind coverage; an exclusion that applies to named hurricanes or tropical storms. In the case of routine storms, wind coverage does apply. Marine coverage is not needed for those without bank loans. However, financing boat purchases will require owners to carry wind coverage and proof of such protection before closing.

• Maintenance matters more than ever.

Inform clients that regular maintenance is imperative for reducing risk and should be considered a part of their insurance strategy. Scheduled oil changes are vital but inboard motors require a closer inspection of parts such as impellers. A worn impeller can cause overheating and a failure to follow scheduled maintenance requirements can result in a denied claim. Along similar lines, fire and safety equipment should be evaluated to ensure those systems are in proper working order.

Was this article valuable?

Thank you! Please tell us what we can do to improve this article.

Thank you! % of people found this article valuable. Please tell us what you liked about it.

Here are more articles you may enjoy.

Written By Josh Giordano

Giordano is a yacht insurance specialist and advisor for HUB Private Client.

From This Issue

Restaurants and Bars; Markets: Boats & Marinas; Corporate Profiles, Spring Edition

The most important insurance news, in your inbox every business day..

Get the insurance industry's trusted newsletter

• Categories: Features
• Have a hot lead? Email us at [email protected]

Insurance Jobs

• Member Care Account Manager - Fort Lee, NJ
• Personal Lines Client Advocate - Denver, CO
• Inside Auto Claim Representative Trainee - Naperville, IL
• Senior Broker Builders Risk - Bloomington, MN
• Employee Benefits Account Manager – Agency / Broker – REMOTE - Remote

• Majority of Underwriters Predict Cyber Risks Grow 'Greatly' in 2024: Survey
• What's to Come in 2024: AI Expansion, More Catastrophes, Network Consolidation
• South Carolina Liquor Liability Market 'Extremely Unprofitable,' DOI Report Says
• NCCI: Wage Growth Likely to Continue Workers Comp Payroll Growth
• Do Regulators, Insureds and Agents Understand How Reciprocal Carriers and Some New MGAs Work?

• Bankruptcy Court Approves New Jersey Diocese's $87.5M Plan for Abuse Victims
• Genesis's $21 Million Settlement With SEC Green Lit by Judge
• Ferrari Sued for Failing to Fix 'Life-Threatening' Brake Defect
• Florida Jury: NICO Did Not Act in Bad Faith in Keys Crash that Killed 4 Women from Spain
• Chances of a Weather-Roiling La Niña This Year Are Now Above 80%

• March 21 Excess and Surplus Lines - Doing Business Well in a Hard Market
• April 4 Cyber Insurance - Where in the World is Coverage?
• April 11 Artificial Intelligence and Insurance Agents - Panic or Promise?
• April 18 Waiting on the Grand Reopening: Business Income Essentials

Saxon Insurance Brokers Ltd

3rd Floor, The Blade Abbey Square Reading, Berkshire RG1 3BE

Get in touch

0118 218 1480

VISIT THE NEWSROOM - READ THE LATEST NEWS →

YEAR ESTABLISHED

Trust pilot rating, interesting facts, class of business underwritten, class of business we use  yachtpod for, our other insurers.

Peace of mind starts with SAXON

One company, one dedicated client manager, many good nights sleep. secure your position as a vip client today. call our expert team on 0118 218 1480 ., one company, one dedicated client manager, many good nights sleep., secure your position as a vip client today. call our expert team on 0118 218 1480 ., client support.

Saxon Insurance Brokers Ltd

Saxon Insurance Brokers Ltd is Authorised and Regulated by the Financial Conduct Authority. Ref: 785229. Registered in England and Wales No: 10794641. Registered address: The Blade, 3rd Floor, Abbey Square, Reading, Berkshire, RG1 3BE, UK

Towergate together with our parent company The Ardonagh Group are deeply saddened to hear of the death of Her Majesty the Queen. She is remembered by our colleagues and worldwide as a beacon of duty, wisdom and service.

• Personal Insurance
• Business Insurance
• Commercial Drone
• Film and TV Production
• Photography and Camera Equipment
• Photography
• Videographer
• See All Camera Covers
• Care and Medical
• Dental Indemnity
• Dental Nurse
• Domiciliary Care
• Medical Indemnity
• Staff Absence
• See All Care and Medical Covers
• Commercial Property
• Block of Flats
• Business Premises
• Caravan Park and Campsite
• Commercial Property Owners
• See All Commercial Property Covers
• Commercial Vehicle
• Agricultural Vehicle
• Driving Instructor
• Self-Drive Hire
• See All Commercial Vehicle Covers
• DSS Landlord
• HMO Landlord
• Landlord Boiler
• Landlord Contents
• Landlord Home Emergency
• Multi Property Landlord
• Student Landlord
• Unoccupied Landlord
• See All Landlord Covers
• Small Business
• Cyber Liability
• Directors and Officers
• Employers Liability
• HR and Training Consultants
• Product Liability
• Professional Consultants
• Professional Indemnity
• Public Liability
• Self Employment
• See All Small Business Covers
• Beauty Therapist
• Complementary Therapists
• Counsellors
• Talking Therapists
• Hypnotherapy
• Psychotherapists
• Psychologists
• Massage Therapist
• Nutritional Therapist
• See All Therapists Covers
• Trade Specific
• Contractors All-Risk
• Construction
• Professional Indemnity for Trades
• Sole Traders
• Tree Surgeon
• See More Trade Specific Covers

Canal and Narrowboat

Canoe and kayak, paddle board and windsurf.

• Rowing Scull
• Yacht and Catamaran
• See All Boat Covers
• Holiday Lodge
• Static Caravan
• Touring Caravan
• Trailer Tent
• See All Caravan Covers
• Bloodstock and Racehorse
• Horse Trailer
• Horsebox Breakdown
• Livery Yard and Stables
• Veteran Horse
• See All Equine Covers
• Backpacker Travel
• Car Hire Excess
• Coach Travel
• Long Stay Travel
• Over 65s Travel
• Sports Travel
• Travel With Pre-Existing Medical Conditions
• See All Travel Covers
• Home and Property
• See All Home and Property Covers
• Private Clients
• Holiday Home
• Listed Property
• Non-Standard Construction
• Second Home
• Unoccupied Property
• Lifestyle Excess
• Martial Arts
• See All Leisure Covers
• Gurkha Family Medical Expenses
• Military Adventure Training
• Military Contents
• Military Home
• Military Kit
• Military Personal Accident
• Military Travel
• Military Winter Sports
• See All Military Covers
• Classic Bike
• Classic Car
• Disabled Driver
• Learner Driver
• Non-Standard Private Car
• Van Hire Excess
• See All Motor Covers

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*

Call us on 0344 892 1987 or get a quote online

*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

Overall service rating 4.6 / 5

Based on 4438 customer reviews

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.

Pay by Direct Debit

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

About yacht and catamaran insurance

What does it cover, 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.

How do claims work?

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.

Ready to get covered?

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

Yacht and catamaran insurance FAQs

What is yacht insurance.

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.

How can I get the best value from my yacht insurance?

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

Do you offer laid up cover for yachts?

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.

Does this cover come with any exclusions?

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.

What are the benefits of yacht insurance?

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.

I have some expensive equipment on-board. Will this be covered on and off the water by my yacht insurance policy?

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.

Are there any restrictions on my cruising range?

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.

If I need to make changes to my yacht policy, can I do this halfway through the year?

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.

Do I need to get my yacht surveyed?

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.

Can I get third-party liability cover for older yacht and catamarans?

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.

How do I qualify for discounts on my yacht insurance premium?

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.

Can I pay in instalments?

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 .

Where can I find full details of my policy?

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.

Why choose Towergate?

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.

See our range of cover

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.

Guide to Buying and Owning a Yacht

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

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.

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.

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.

Things to Do in Elektrostal, Russia - Elektrostal Attractions

Things to do in elektrostal.

• 5.0 of 5 bubbles
• 4.0 of 5 bubbles & up
• Good for a Rainy Day
• Good for Kids
• Good for Big Groups
• Adventurous
• Budget-friendly
• Hidden Gems
• Good for Couples
• Honeymoon spot
• Good for Adrenaline Seekers
• Things to do ranked using Tripadvisor data including reviews, ratings, photos, and popularity.

1. Electrostal History and Art Museum

2. Statue of Lenin

3. Park of Culture and Leisure

4. museum and exhibition center.

5. Museum of Labor Glory

7. Galereya Kino

8. viki cinema, 9. smokygrove.

10. Gandikap

11. papa lounge bar, 12. karaoke bar.

• Statue of Lenin
• Electrostal History and Art Museum
• Park of Culture and Leisure
• Museum and Exhibition Center
• Museum of Labor Glory

• Work & Careers
• Life & Arts

Become an FT subscriber

Limited time offer save up to 40% on standard digital.

• Global news & analysis
• Expert opinion
• Special features
• FirstFT newsletter
• Videos & Podcasts
• Android & iOS app
• FT Edit app
• 10 gift articles per month

Explore more offers.

Standard digital.

• FT Digital Edition

Premium Digital

Print + premium digital.

Then $75 per month. Complete digital access to quality FT journalism on any device. Cancel anytime during your trial.

• 10 additional gift articles per month
• Global news & analysis
• Exclusive FT analysis
• Videos & Podcasts
• FT App on Android & iOS
• Everything in Standard Digital
• Premium newsletters
• Weekday Print Edition

Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.

• Everything in Print
• Everything in Premium Digital

The new FT Digital Edition: today’s FT, cover to cover on any device. This subscription does not include access to ft.com or the FT App.

Terms & Conditions apply

Explore our full range of subscriptions.

Why the ft.

See why over a million readers pay to read the Financial Times.

International Edition

Strange Glow Over Moscow Skies Triggers Panic as Explosions Reported

B right flashes lit up the night sky in southern Moscow in the early hours of Thursday morning, new footage appears to show, following reports of an explosion at an electrical substation on the outskirts of the city.

Video snippets circulating on Russian-language Telegram channels show a series of flashes on the horizon of a cloudy night sky, momentarily turning the sky a number of different colors. In a clip shared by Russian outlet MSK1.ru, smoke can be seen rising from a building during the flashes lighting up the scene.

Newsweek was unable to independently verify the details of the video clips, including when and where it was filmed. The Russian Ministry of Emergency situations has been contacted via email.

Several Russian Telegram accounts said early on Thursday that residents of southern Moscow reported an explosion and a fire breaking out at an electrical substation in the Leninsky district, southeast of central Moscow.

Local authorities in the Leninsky district told Russian outlet RBC that the explosion had happened in the village of Molokovo. "All vital facilities are operating as normal," Leninsky district officials told the outlet.

The incident at the substation in Molokovo took place just before 2 a.m. local time, MSK1.ru reported.

Messages published by the ASTRA Telegram account, run by independent Russian journalists, appear to show residents close to the substation panicking as they question the bright flashes in the sky. One local resident describes seeing the bright light before losing access to electricity, with another calling the incident a "nightmare."

More than 10 villages and towns in the southeast of Moscow lost access to electricity, the ASTRA Telegram account also reported. The town of Lytkarino to the southeast of Moscow, lost electricity, wrote the eastern European-based independent outlet, Meduza.

Outages were reported in the southern Domodedovo area of the city, according to another Russian outlet, as well as power failures in western Moscow. Electricity was then restored to the areas, the Strana.ua outlet reported.

The cause of the reported explosion is not known. A Telegram account aggregating news for the Lytkarino area described the incident as "an ordinary accident at a substation."

The MSK1.ru outlet quoted a local resident who speculated that a drone may have been responsible for the explosion, but no other Russian source reported this as a possible cause.

Ukraine has repeatedly targeted Moscow with long-range aerial drones in recent months, including a dramatic wave of strikes in late May.

On Sunday, Moscow Mayor Sergei Sobyanin said the region's air defense systems had intercepted an aerial drone over the city of Elektrostal, to the east of Moscow. No damage or casualties were reported, he said.

The previous day, Russian air defenses detected and shot down another drone flying over the Bogorodsky district, northeast of central Moscow, Sobyanin said.

There is currently no evidence that an aerial drone was responsible for the reported overnight explosion at the electrical substation in southern Moscow.

Related Articles

• Russian Soldier Bashes Drone With Shovel After Detonation Failure: Video
• Russia Headed for Disappointment in Battles Along Dnieper River: UK
• Ukraine's Military Receives Good News From Multiple NATO Allies

Start your unlimited Newsweek trial

Turn Your Curiosity Into Discovery

Latest facts.

How To Protect Children From Junk Food Marketing

12 Intriguing Facts About Balatro

40 facts about elektrostal.

Written by Lanette Mayes

Modified & Updated: 02 Mar 2024

Reviewed by Jessica Corbett

Elektrostal is a vibrant city located in the Moscow Oblast region of Russia. With a rich history, stunning architecture, and a thriving community, Elektrostal is a city that has much to offer. Whether you are a history buff, nature enthusiast, or simply curious about different cultures, Elektrostal is sure to captivate you.

This article will provide you with 40 fascinating facts about Elektrostal, giving you a better understanding of why this city is worth exploring. From its origins as an industrial hub to its modern-day charm, we will delve into the various aspects that make Elektrostal a unique and must-visit destination.

So, join us as we uncover the hidden treasures of Elektrostal and discover what makes this city a true gem in the heart of Russia.

Key Takeaways:

• Elektrostal, known as the “Motor City of Russia,” is a vibrant and growing city with a rich industrial history, offering diverse cultural experiences and a strong commitment to environmental sustainability.
• With its convenient location near Moscow, Elektrostal provides a picturesque landscape, vibrant nightlife, and a range of recreational activities, making it an ideal destination for residents and visitors alike.

Known as the “Motor City of Russia.”

Elektrostal, a city located in the Moscow Oblast region of Russia, earned the nickname “Motor City” due to its significant involvement in the automotive industry.

Home to the Elektrostal Metallurgical Plant.

Elektrostal is renowned for its metallurgical plant, which has been producing high-quality steel and alloys since its establishment in 1916.

Boasts a rich industrial heritage.

Elektrostal has a long history of industrial development, contributing to the growth and progress of the region.

Founded in 1916.

The city of Elektrostal was founded in 1916 as a result of the construction of the Elektrostal Metallurgical Plant.

Located approximately 50 kilometers east of Moscow.

Elektrostal is situated in close proximity to the Russian capital, making it easily accessible for both residents and visitors.

Known for its vibrant cultural scene.

Elektrostal is home to several cultural institutions, including museums, theaters, and art galleries that showcase the city’s rich artistic heritage.

A popular destination for nature lovers.

Surrounded by picturesque landscapes and forests, Elektrostal offers ample opportunities for outdoor activities such as hiking, camping, and birdwatching.

Hosts the annual Elektrostal City Day celebrations.

Every year, Elektrostal organizes festive events and activities to celebrate its founding, bringing together residents and visitors in a spirit of unity and joy.

Has a population of approximately 160,000 people.

Elektrostal is home to a diverse and vibrant community of around 160,000 residents, contributing to its dynamic atmosphere.

Boasts excellent education facilities.

The city is known for its well-established educational institutions, providing quality education to students of all ages.

A center for scientific research and innovation.

Elektrostal serves as an important hub for scientific research, particularly in the fields of metallurgy, materials science, and engineering.

Surrounded by picturesque lakes.

The city is blessed with numerous beautiful lakes, offering scenic views and recreational opportunities for locals and visitors alike.

Well-connected transportation system.

Elektrostal benefits from an efficient transportation network, including highways, railways, and public transportation options, ensuring convenient travel within and beyond the city.

Famous for its traditional Russian cuisine.

Food enthusiasts can indulge in authentic Russian dishes at numerous restaurants and cafes scattered throughout Elektrostal.

Home to notable architectural landmarks.

Elektrostal boasts impressive architecture, including the Church of the Transfiguration of the Lord and the Elektrostal Palace of Culture.

Offers a wide range of recreational facilities.

Residents and visitors can enjoy various recreational activities, such as sports complexes, swimming pools, and fitness centers, enhancing the overall quality of life.

Provides a high standard of healthcare.

Elektrostal is equipped with modern medical facilities, ensuring residents have access to quality healthcare services.

Home to the Elektrostal History Museum.

The Elektrostal History Museum showcases the city’s fascinating past through exhibitions and displays.

A hub for sports enthusiasts.

Elektrostal is passionate about sports, with numerous stadiums, arenas, and sports clubs offering opportunities for athletes and spectators.

Celebrates diverse cultural festivals.

Throughout the year, Elektrostal hosts a variety of cultural festivals, celebrating different ethnicities, traditions, and art forms.

Electric power played a significant role in its early development.

Elektrostal owes its name and initial growth to the establishment of electric power stations and the utilization of electricity in the industrial sector.

Boasts a thriving economy.

The city’s strong industrial base, coupled with its strategic location near Moscow, has contributed to Elektrostal’s prosperous economic status.

Houses the Elektrostal Drama Theater.

The Elektrostal Drama Theater is a cultural centerpiece, attracting theater enthusiasts from far and wide.

Popular destination for winter sports.

Elektrostal’s proximity to ski resorts and winter sport facilities makes it a favorite destination for skiing, snowboarding, and other winter activities.

Promotes environmental sustainability.

Elektrostal prioritizes environmental protection and sustainability, implementing initiatives to reduce pollution and preserve natural resources.

Home to renowned educational institutions.

Elektrostal is known for its prestigious schools and universities, offering a wide range of academic programs to students.

Committed to cultural preservation.

The city values its cultural heritage and takes active steps to preserve and promote traditional customs, crafts, and arts.

Hosts an annual International Film Festival.

The Elektrostal International Film Festival attracts filmmakers and cinema enthusiasts from around the world, showcasing a diverse range of films.

Encourages entrepreneurship and innovation.

Elektrostal supports aspiring entrepreneurs and fosters a culture of innovation, providing opportunities for startups and business development.

Offers a range of housing options.

Elektrostal provides diverse housing options, including apartments, houses, and residential complexes, catering to different lifestyles and budgets.

Home to notable sports teams.

Elektrostal is proud of its sports legacy, with several successful sports teams competing at regional and national levels.

Boasts a vibrant nightlife scene.

Residents and visitors can enjoy a lively nightlife in Elektrostal, with numerous bars, clubs, and entertainment venues.

Promotes cultural exchange and international relations.

Elektrostal actively engages in international partnerships, cultural exchanges, and diplomatic collaborations to foster global connections.

Surrounded by beautiful nature reserves.

Nearby nature reserves, such as the Barybino Forest and Luchinskoye Lake, offer opportunities for nature enthusiasts to explore and appreciate the region’s biodiversity.

Commemorates historical events.

The city pays tribute to significant historical events through memorials, monuments, and exhibitions, ensuring the preservation of collective memory.

Promotes sports and youth development.

Elektrostal invests in sports infrastructure and programs to encourage youth participation, health, and physical fitness.

Hosts annual cultural and artistic festivals.

Throughout the year, Elektrostal celebrates its cultural diversity through festivals dedicated to music, dance, art, and theater.

Provides a picturesque landscape for photography enthusiasts.

The city’s scenic beauty, architectural landmarks, and natural surroundings make it a paradise for photographers.

Connects to Moscow via a direct train line.

The convenient train connection between Elektrostal and Moscow makes commuting between the two cities effortless.

A city with a bright future.

Elektrostal continues to grow and develop, aiming to become a model city in terms of infrastructure, sustainability, and quality of life for its residents.

In conclusion, Elektrostal is a fascinating city with a rich history and a vibrant present. From its origins as a center of steel production to its modern-day status as a hub for education and industry, Elektrostal has plenty to offer both residents and visitors. With its beautiful parks, cultural attractions, and proximity to Moscow, there is no shortage of things to see and do in this dynamic city. Whether you’re interested in exploring its historical landmarks, enjoying outdoor activities, or immersing yourself in the local culture, Elektrostal has something for everyone. So, next time you find yourself in the Moscow region, don’t miss the opportunity to discover the hidden gems of Elektrostal.

Q: What is the population of Elektrostal?

A: As of the latest data, the population of Elektrostal is approximately XXXX.

Q: How far is Elektrostal from Moscow?

A: Elektrostal is located approximately XX kilometers away from Moscow.

Q: Are there any famous landmarks in Elektrostal?

A: Yes, Elektrostal is home to several notable landmarks, including XXXX and XXXX.

Q: What industries are prominent in Elektrostal?

A: Elektrostal is known for its steel production industry and is also a center for engineering and manufacturing.

Q: Are there any universities or educational institutions in Elektrostal?

A: Yes, Elektrostal is home to XXXX University and several other educational institutions.

Q: What are some popular outdoor activities in Elektrostal?

A: Elektrostal offers several outdoor activities, such as hiking, cycling, and picnicking in its beautiful parks.

Q: Is Elektrostal well-connected in terms of transportation?

A: Yes, Elektrostal has good transportation links, including trains and buses, making it easily accessible from nearby cities.

Q: Are there any annual events or festivals in Elektrostal?

A: Yes, Elektrostal hosts various events and festivals throughout the year, including XXXX and XXXX.

Was this page helpful?

Our commitment to delivering trustworthy and engaging content is at the heart of what we do. Each fact on our site is contributed by real users like you, bringing a wealth of diverse insights and information. To ensure the highest standards of accuracy and reliability, our dedicated editors meticulously review each submission. This process guarantees that the facts we share are not only fascinating but also credible. Trust in our commitment to quality and authenticity as you explore and learn with us.

Share this Fact:

• Entertainment
• Newsletters

WEATHER ALERT

A rip current statement in effect for Coastal Broward and Coastal Miami Dade Regions

Tourist ided as man found dead in miami river over weekend, fwc: mississippi man fell off boat, found at bottom of river.

Chris Gothner , Digital Journalist

MIAMI – Authorities identified a man whose body was found in the Miami River near the Brickell Avenue bridge over the weekend.

According to the Florida Fish and Wildlife Conservation Commission, Trevonte C. Johnson, 23, of Coila, Mississippi, fell off of a chartered boat at around 3:30 p.m. Sunday.

Recommended Videos

“Several (people) jumped into the water from various vessels and locations in an attempt to rescue the victim, but were unsuccessful,” an FWC report states.

Officials said Miami Fire Rescue personnel recovered Johnson’s body from the bottom of the river.

“They subsequently provided CPR, but were unable to revive him,” the report states. “He was transported to Jackson Memorial Hospital’s Ryder Trauma Center.”

Johnson was with five other friends visiting South Florida from the Magnolia State, according to FWC. Authorities believe his fall was accidental.

The report states that it’s unclear whether alcohol was a factor.

Copyright 2024 by WPLG Local10.com - All rights reserved.

About the Author:

Chris gothner.

Chris Gothner joined the Local 10 News team in 2022 as a Digital Journalist.

Local 10 News @ 6PM : Mar 19, 2024

Local 10 news speaks with floridian who was stuck in haiti following reports of gang violence, local 10 news @ 5pm : mar 19, 2024, local 10 news @ 4pm : mar 19, 2024, local 10 news @ 3pm : mar 19, 2024.

Connecticut wants to penalize insurers for backing fossil-fuel projects

A new bill could impose a fee on any company insuring a fossil-fuel project in the state..

The nation’s insurance industry has gone haywire in recent years amid a succession of floods , fires , and other climate-fueled disasters . These catastrophes have forced carriers to pay out billions in claims, and many have responded by raising premiums in disaster-prone states like Florida and Oregon or leaving certain markets altogether.

But many of these companies also provide coverage for fossil fuel projects, like pipelines and natural gas power plants, that would never be built without their backing. This gives the insurance industry a unique role on both sides of the climate crisis: insurers are helping make the problem worse by underwriting the very projects that warm the earth even as they bear the costs of mounting climate disasters and pass them on to customers.

Legislation in Connecticut, the capital of the American insurance industry and home to several of its largest carriers, could make insurers pay for that contradiction. If passed, the bill, which just cleared a committee vote in the state senate, would move toward imposing a fee for any fossil-fuel projects companies insure in state. That revenue would go into a public resilience fund that could underwrite sea walls and urban flood protection measures.

“It’s important to begin to hold [insurers] accountable for how they’ve played it both ways in terms of climate change,” said Tom Swan, the executive director of Connecticut Citizen Action Group, an economic justice nonprofit that has joined several environmental organizations in lobbying the legislature to pass the bill along with several environmental organizations. “People are seeing skyrocketing rates, or they’re pulling out of different areas, and they continue to underwrite and invest in fossil fuels at a pace much greater than their colleagues across the globe,” he said. 

Grist thanks its sponsors. Become one .

To support our nonprofit environmental journalism, please consider disabling your ad-blocker to allow ads on Grist. Here's How

The group pushed a more aggressive proposal last year that would have charged insurers a 5 percent fee for any fossil fuel coverage they issued in the United States, but that bill failed after critics raised several legal questions. In particular, the industry argued that the Constitution’s interstate commerce clause prohibits taxing a company’s out-of-state business.

The new version, attached as an amendment to a climate resilience bill proposed by Democratic Governor Ned Lamont, would only require the state to produce a proposal for an insurance mechanism. The surcharge would apply only to fossil-fuel projects these companies insure in Connecticut, avoiding that constitutional challenge.

The assessment would apply not only to new pipelines and fuel terminals, which require ample insurance to attract lenders and investors, but to current coverage for existing infrastructure as well. This means anyone covering the state’s dozens of oil- and gas-fueled power plants would be contributing to the resilience fund. A report from Connecticut Citizen Action Group and several other environmental nonprofits found that the state’s insurers have together invested $221 billion in fossil fuels.

Supporters argue the reduced fee would still raise tens or hundreds of millions of dollars for climate resilience. Connecticut received about $318 million in FEMA disaster aid between 2011 and 2021, or about $149 in spending per capita, according to the climate adaptation nonprofit Rebuild by Design. That puts the state well below disaster-prone locales like Louisiana, which saw $1,736 in federal disaster aid per capita, but far above those like Delaware that haven’t experienced a major disaster in the past decade.

Eric George, the president of the Insurance Association of Connecticut, the state’s largest insurance trade association, said the organization would “strongly oppose” any surcharge, but added that he was still studying the bill.

The legislation comes as other states, including Vermont and Maryland, introduce “polluters pay” bills to hold oil producers accountable for climate damages. Connecticut’s proposed law is an iteration of that effort focused on an area where state regulators wield significant influence, said Risalat Khan of the Sunrise Project, a nonprofit focused on energy transition policy. 

“People are very directly seeing their premiums rise, in relation to climate disasters,” he said. “There’s a direct question there of, why aren’t state level regulators using more of their power to take local action?”

The significance of this financing mechanism could vary from state to state, says Benjamin Keys, a professor of economics at the University of Pennsylvania and an expert on climate insurance risks. 

“One major issue is that the fuels are collected and burned everywhere, but the pain of natural disasters is local in nature,” he said. Because of that, he questioned whether the financing mechanism “would be feasible for all communities to emulate, because many places have [lots of] disasters hit, but very little in the way of fossil fuel production.” Florida, for instance, doesn’t have much more fossil-fuel infrastructure than Connecticut, but faces extreme weather and other catastrophes far more often.

Even though the legislation is weaker than the previous version, supporters say passing it in the home of the country’s insurance industry would send a message to big companies that are still underwriting oil and gas projects.

“I think it’s a good policy, but from a narrative-setting perspective, it’s really important,” said Swan.

A message from   

Support nonprofit news today

Grist is the only award-winning newsroom focused on exploring equitable solutions to climate change. It’s vital reporting made entirely possible by loyal readers like you. At Grist, we don’t believe in paywalls. Instead, we rely on our readers to pitch in what they can so that we can continue bringing you our solution-based climate news.

Grist is the only award-winning newsroom focused on exploring equitable solutions to climate change. It’s vital reporting made entirely possible by loyal readers like you. At Grist, we don’t believe in paywalls. Instead, we rely on our readers to pitch in what they can so that we can continue bringing you our solution-based climate news.  

Pentagon tries to dodge PFAS lawsuits over a product it helped invent

Epa finally cracks down on the carcinogen used to sterilize medical equipment, your tax dollars may be funding the expansion of the plastics industry, climate change and boat strikes are killing right whales. stronger speed limits could save them., detergent pods are only the start of clothing’s microplastic pollution problem, the massive copper mine that could test the limits of religious freedom, kitten season is out of control. are warmer winters to blame, heat pumps slash emissions even if powered by a dirty grid, rain comes to the arctic, with a cascade of troubling changes, modal gallery.