yacht charter insurance uk

Charter Insurance

We offer excellent security, fully comprehensive policies together with competitive premiums for various types of Skipper Charter Boats. All of our insurers are well established with excellent long term history records and claims handling.

Policies can be tailored to suit your specific requirement whether you are operating in the UK, Mediterranean or Caribbean. Numerous Levels of Indemnity can be supplied depending on your Needs starting at £2 or £3 million Indemnity or alternatively we can offer Full P&I Cover for the Vessel, Passengers & Crew members.

“Name Wind Storm Cover” is available for the Caribbean, subject to mooring location being confirmed and approved by underwriters.

Please complete the form and we will be in contact or alternatively please call our office should you wish to speak to one of our friendly experienced team.

Our Privacy Policy has been updated in accordance with the General Data Protection Regulations known as the GDPR which comes into effect on the 25 th May 2018.

For us to consider your request for insurance quotations or administer subsequent dealings in respect of your insurance we must process your personal data and in doing this we will comply with the GDPR. We will only use your data for the purpose for which it was collected. We will only grant access to your data within our firm or relevant third parties and our market service providers such as insurers where we are required or entitled to do so by law under lawful data processing.

Your privacy is hugely important to us and we will not use your Personal Data for activities in which the impact on you overrides our insurance interests. You can at any stage request the names of the insurers that your details have been passed to.

We have recently published a new Privacy Notice to give you more information on the data we hold, what we do with the data, who we share your data with and your rights under the GDPR. You can view our full Privacy Notice on our website.

By continuing you are positively consenting for your Personal Data to be used for the purpose of obtaining insurance quotations and you are agreeing to Opt-In.

Your Details

Please contact us on 01277 22 44 40 to obtain a competitive quote over the phone or fill in the form below, discounts on the premium will be offered if you speak with one of our team.

Telephone Number

Mobile Number

E-mail address

Date of birth

Occupation (Please be explicit Company Director will not suffice)

Number of years experience handling this class of vessel

Details of previous claims

Mooring details

Please select... Marina Harbour Ashore

Mooring: Name of Marina/Harbour

Type of Mooring (eg. Pontoon, swing, etc)

Is Crew Liability Required?

Please select... Yes No

Number of crew (paid crew only)

Please select... 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Total sum insured

This figure should include navigation equipment, tenders, electronics and personal effects. We may need to contact you to supply details at a later stage.

No Claims Bonus

Please select... 1 Year 2 Years 3 Years 4 Years 5 Years

Policy Renewal Date

Water-skiing

Towing Of Toys

i.e. Kneeboards & Inflatables etc.. please specify

Cruising range

Please select... Inland Waters Only Inland & Coastal Waters of the UK Mediterranean Waters Inland & Coastal inc Brest to Elbe Worldwide Other

Please select... Private & Pleasure Charter Commercial

Name Of Craft

Make and Model of Craft

Type of Charter use

Please select... Diving Sight-seeing Fishing Other Please state number of passengers...

Type of Fishing

Please select... Trawling Potting Netting Creeling Static Nets Dredging H-Lining L-Lining

Year of manufacture

Date purchased

Overall length

Make of engine

Maximum designed speed

Accreditations

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Charter Insurance

Yacht charter insurance.

Explanation Deposit Insurance:

Basically all charter bases insure the yachts of their fleets with both third party liability insurance and hull insurance. Simply put, the liability insurance covers damages to other boats, port facilities or strangers. The comprehensive insurance covers damages of the chartered yacht – for hull insurance, there is always a deductible. For this excess that is not covered by the hull insurance, the charterer pays a security deposit.

We always recommend to secure this deposit with a deposit insurance. In some cases, the charter companies offer an own insurance with a “damage waiver”: Buying the non-refundable damage waiver, charterer pay less refundable deposit. But with most charter bases, a deposit insurance with an insurance company is recommended.

Other recommended charter insurances are:

– Skipper’s third party liability insurance

– Charter cancellation insurance – just in case the skipper or crew members become ill

– International travel health insurance, eventually accident insurance

Travel Cancellation Insurance and Travel Health Insurance are recommended as well for guests travelling with Crewed Charters / Luxury Yacht Charters.

Pantaenius has developed comprehensive insurance cover for your charter cruise.

Contácte con Nosotros

Feel free to drop us a line to contact us.

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Tel: + 49 234 30765190

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+ 49 234 30765190

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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.

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Chartering Your Boat

Many boat owners choose to charter their craft to help with mooring costs or simply to keep the boat in working order whilst they are away. But like letting out your home or even your car, you’d expect your property to be looked after and for your insurance to cover you for any incidents which happen beyond your control.

You can charter your boat in two ways – either with or without skipper and crew (referred to as a bare boat charter). In this article we will focus on bare boat charters as this scenario is higher risk and requires more care on the part of the yacht owner.

If you do intend on charting your boat, you should ensure that it’s in good shape before you do so. Depending on the type and location of your craft you’ll need to get ‘coded’. Most craft will be subject to Maritime and Coastguard Agency (MCA) coding which your craft must obtain before you’re able to charter it. If you own a narrow boat or other inland craft however, you will be subject to the rules and regulations of the Canal & River Trust in England & Wales or Scottish Canals if operating in Scotland. Similarly, some local areas (The Solent for example) will impose their own coding.

MCA coding will certify that your vessel has been thoroughly checked for seaworthiness and that all the required safety features on board are present and in good working order. These include first aid kits, lifesaving equipment and distress signals (e.g. flares).

Who should you allow on your boat?

It’s always down to your discretion who you let loose with your boat. However, we would recommend you stick to the following tips to ensure that your potential customers are competent, honest and sensible.

One or more of your charterers must be RYA coastal skipper qualified - This is an insurance requirement as well as a requirement of many port authorities

Do not take cash payments - Taking card payments or bank transfers will allow you some security should someone abscond with your craft

Lay down the ground rules – Particularly if you’re going to allow groups on board, you should enforce ground rules on subjects like alcohol early

Enforce point three by having your charterers sign a “Bareboat charter agreement” – This will protect you should the charterers be responsible for any damage or negligence on their part. See a template for a bareboat charter agreement .

Ensure charterers have their own personal injury cover – it is not your responsibility to insure against injuries sustained by charterers aboard your craft. It is therefore essential that charterers hold their own personal injury cover.

Chartered yacht insurance requirements

In order to charter your yacht you’ll need to have a private and pleasure policy with a bareboat charter extension. In this policy extension you’ll find the relevant conditions which apply to you and your charterers.

The basis of this extension covers off several of the points mentioned above. Charterers must be RYA coastal skipper qualified , you must not take cash payments and you should take down the charterer’s passport number, driving license number and current home address.

The RYA agreement mentioned above also stipulates the responsibilities of both the operator and the charterer. Section seven of the RYA charter agreement explains in detail that the operator will insure the boat against fire, collisions and indemnity of at least £2million and also makes it very clear that the operator shall not be liable for any personal injury sustained by the charterer whilst on board.

It is recommended that whether you’re an operator or charterer you read these documents and have an understanding of your responsibilities.

Boat insurance from Towergate

We cannot provide insurance for bare boat chartering but we can do so for chartering with a skipper and crew.

For more information on our boat insurance, contact our boat team on 0344 892 1987 or visit the boat insurance section of our website.

Narrowboat insurance from Towergate

Narrowboat insurance from Towergate is available for different vessels and levels of cover depending on what you use your boat for, from third party cover to weather events and personal accident. Get a narrowboat quote online or call us on 0344 892 1987 .

About the author

Adam Summersby is a respected leader with 11 years’ varied experience in niche personal and commercial lines insurance, including caravan, site operators and excess reimbursement, with proficiency in leadership, sales and account management.

Date: October 24, 2013

Category: Boat

At a Glance

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• 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.

Get a Quote

To get a quote from us, simply answer the questions below.

Where is the registered owner of the boat domiciled?

We can provide quotes for boats up to £1million in value, while our award-winning parent company, Hayes Parsons Insurance Brokers can handle anything valued more than this.

United Kingdom

Europe or rest of world.

Admiral Marine is a trading name of Admiral Marine Limited which is authorised and regulated by the Financial Conduct Authority (FRN 306002) for general insurance business. Registered in England and Wales Company No. 02666794 at Beacon Tower, Colston Street, Bristol BS1 4XE. 

If you wish to register a complaint, please contact the Compliance and Training Manager on  [email protected] .  If you are unsatisfied with how your complaint has been dealt with, you may be able to refer your complaint to the Financial Ombudsman Service (FOS).  The FOS website is  www.financial-ombudsman.org.uk

Boatbuilders

Useful links, yachts & boats we insure.

+44 (0)1722 416106 | [email protected] | Blakey Road, Salisbury, SP1 2LP, United Kingdom

Part of the Hayes Parsons Group

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Bespoke insurance for yacht owners operating worldwide.

Start your journey with us today., start your journey today., cruise with confidence.

There’s nothing quite like the thrill of venturing out into open waters. However, with this freedom come the challenges and demands that superyacht ownership entails—from protecting the yacht and its crew, to providing cover for damage to third-party vessels.

Gallagher is a specialist insurance broker in the pleasure craft industry, providing bespoke insurance cover for some of the global top 100 superyachts, along with many of the UK’s leading marina and berth providers. Our professional, highly technical and discrete service appeals to our clients across all areas of the marine sector, whether private yacht owners, or businesses serving this unique sector.

What is covered in a superyacht insurance policy?

Superyacht insurance will typically include ‘all-risks’ cover for protection against physical loss or damage to the hull machinery and equipment, and a wide spectrum of third-party liability covers. Liability insurance can cover damage to other vessels and property, and injury to people both on board and off the yacht, including crew members.

Specific cover for the captain and crew includes personal accident cover and emergency medical expenses cover (with options to include elements of routine medical cover), and lump sum and/or weekly benefit payments in the event of specified injuries and/or death (crew welfare insurance).

Insurance cover for your yacht can extend to the vessel’s inventory, dinghies, accessories, fishing gear and personal effects. In addition, we can provide cover to protect your yacht when in build or undergoing an extensive refit programme, as well as whilst she is in transit.

Why choose Gallagher for your superyacht insurance?

Gallagher is a specialist in marine insurance , servicing a number of the most prestigious brands in the industry. We are able to negotiate terms from the specialist marine insurance market, with strong, long-standing relationships with some of the market-leading composite insurers and syndicates within the world renowned Lloyd’s of London, to create an insurance programme tailored for your specific requirements.

Our experience in managing international policies means that we can provide insurance protection, while ensuring the covers we offer are proactive to changes in regulation—helping to keep you up to date and compliant.

We also offer cover for a wide range of other pleasure craft, including motor cruisers, speedboats, narrow boats, RIBs and traditional sailboats. Please contact us for more information.

We take claims management on board

We will be there with timely advice and expertise in the unfortunate event of a claim, through our in-house claims team, available 24/7. Our claims specialists offer support throughout the process, helping resolve claims as quickly as possible—another reason why our clients put their trust in us.

• A specialist marine team managing your marine insurance requirements
• Cover for loss or damage
• Third-party liability cover
• Specialist in-house claims support

Gallagher’s long-established presence in the marine sector and our partnership approach with insurers enables us to negotiate comprehensive cover at an appropriate premium for our clients. Get in touch for a tailored quote.

Policy limits and exclusions may apply. Please see policy wording for full terms and conditions.

Katrina Davis

Specialty marine director, related products.

• Yacht & Motorboat Insurance

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London Marine Insurance Services Ltd is a specialist yacht and small vessel broker and we can provide world class yacht insurance and boat insurance, whether you require coverage for a small pleasure craft or a multi-million-dollar super yacht.

Our aim is to provide our clients with an individually tailored policy, suited for the type of vessel owned and the coverage required, so you will not pay for unnecessary extras.

Our expert advisors have experience in insuring private pleasure craft, luxury charter, bareboat charter, catamarans, high-speed vessels, and fleet operations for both motor and sail yachts.

We have access to markets that will offer coverage on the full range of yacht values, including superyachts. With inhouse facilities to place yachts up to a value of US$5,000,000 with no minimum value requirement. Our yacht portfolio offers coverage on a worldwide basis including the territories of the USA and the Caribbean region. However, we are now developing business and expanding rapidly our portfolio from the Far East and South America and are actively seeking to expand our producer base in these regions.

All Rights Reserved @ 2021 London Marine Insurance Services Ltd. © 2021 London Marine Insurance Services Ltd. Authorised and regulated by the Financial Conduct Authority

Trust your vessel with Velos

Are you looking for a competitive all-risk insurance policy that is right for you and your boat? Velos offers competitive premium and wide cover that will put your mind at ease and cover you for all eventualities.

The right policy for you and your boat

Whether you’re looking for pleasure boat insurance or commercial marine

insurance for your vessel, you’ve come to the right place.

Get a FREE quote online or call us on 020 7929 4058

Craft Insurance

Velos offers insurance for yachts and sailboats of all sizes as well as for motorboats, cruisers and narrowboats.

Yacht Insurance

We can cover you for all eventualities so you can forget the small print and focus on the trip of a lifetime.

Independent specialist marine insurance broker operating exclusive specialist facilities for small commercial crafts.

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Specialist marine trade insurance broker operating exclusive specialist facilities for marine trade crafts.

Why Choose Velos

Velos Insurance Services is one of the leading marine insurance providers in the UK.

We have been providing commercial and private marine insurance to yacht, pleasure craft and boat owners since 1975, and our team of expert marine insurance specialists has over 100 years of accumulated experience. Applying this experience we are able to offer competitive rates to our customers, as well as the best possible cover for all of their marine insurance needs.

• Tailor-made, bespoke insurance policies
• Competitive premium & wide cover
• Market-leading reputation for customer care
• Professional underwriting team
• Efficient and fast claims handling
• 100+ years of experience in the marine insurance industry

What our customers have to say

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and our services

Patient and Helpful

” The team was super helpful and patient with me, even though I had a million questions. They really took the time to understand my needs and tailor the coverage accordingly. “

Exceptional boat insurance

” Velos Insurance is an exceptional boat insurance service that provides comprehensive coverage for boat owners. “

Efficient Service

” Thank you for your fast & efficient service over the years. “

Super Helpful

” I recently went with Velos, speak to Kel, he’s super helpful “

Competitive Service

” Velos has provided me with an excellent competitive service over the years. If I buy another boat I will have no hesitation in requesting a quote from Velos again. “

Take a look at our FAQ’s or call us on 020 7929 4058 for more information

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Velos Insurance Services Ltd Notcutt House, 36 Southwark Bridge Road, London SE1 9EU

Registered Address 5 Market Yard Mew, 194-204 Bermondsey Street, London SE1 3TQ. Authorised and regulated by the Financial Conduct Authority. Registered in England. No. 3484670. Velos Insurance Services Ltd is a member of BIBA (British Insurance Brokers Association)

Top 5 Yacht Charter Skipper & Crew Insurances for Your Boating Vacation

Start your yacht holiday relaxed and well protected, which ones are the most important insurances for bareboat yacht charter, which providers offer what type of insurance package for yacht charter, here a summary of the basic packages of insurance providers:, what is the duration of the insurance cover for motor or sailing yacht charter, what is the difference between deposit insurance and skipper liability insurance, what is a secured payment certificate.

Sailing Yacht Charter

If you have questions about any boat types or yacht charter destinations don´t hesitate to click on the button below. Fill out the search form and our experts will get back to you immediately. We will prepare you the most competitive quote.

• United Kingdom*
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• Monaco (SAM)

* Pantaenius UK Limited is authorised and regulated by the Financial Conduct Authority (Authorised No.308688)

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Skipper Third Party Liability Insurance

Purchase online

When skippering a boat that is not your own, the responsibility to yourself, your crew, passengers and to third parties is just as great as if you were skippering your own boat. With the Pantaenius Skipper Third Party Liability policy those who skipper rented or chartered boats can now protect themselves against unexpected financial or legal burden incurred as a consequence of accidental damage or injury to a third party.

The Pantaenius Skipper Third Party Liability Insurance policy covers the skipper for legal liabilities to third parties arising out of an accident whilst they are skippering a boat they do not own. The policy comes into effect when the boat’s own liability insurance either does not exist or cannot be applied.

The cover is available online to both private and commercial skippers who are UK residents. Buy online below .

Your Benefits

Liability cover for everyone.

Legal liability cover for property damage, death and injury including the liabilities of your crew.

DEFENSE OF UNJUSTIFIED CLAIMS

Defending against unjustified  claims made against you for damages by a third party.

IMPOUNDED VESSEL

A security deposit of up to £100,000 if a yacht, used by you, is arrested as a result of a liability claim.

WATER POLLUTION

Your legal liability for accidental water pollution.

WATERSPORTS (INCLUDING DIVING)

Your legal liability arising out the use of water sports equipment including the towing of water-skiers and parasailers.

WORLDWIDE COVER

Insurance cover is Worldwide or Worldwide excluding the USA.

Does this insurance cover me for damage I cause to the yacht I am skippering?

If this insurance does not cover me for damage i cause to the yacht i am skippering, then what is it for.

It is important to note that the Skipper Third Party Liability policy is a contingent liability cover only, designed to cover those personal liabilities a skipper may incur through use of a yacht they do not own and for which the yacht’s own liability insurance somehow fails to respond.  It does not cover damage caused to the yacht you are skippering and it is not a skipper’s Professional Indemnity policy. In layman’s terms think of it as a yachting equivalent of a “driving other cars extension” that you might sometimes find on a motor insurance policy, i.e., under a driving other cars extension you would have third party liability cover while driving another car that you did not own, but there would be no cover for loss or damage to the driven vehicle, nor any liability you may face to the car’s owner for loss or damage to their vehicle.  Where our Skipper Third Party Liability policy comes into play is; if the yacht’s third party liability policy somehow fails to respond when a third party pursues a liability claim against you as the skipper of the yacht, or if you are uncertain as to the existence or suitability of the yacht’s third party liability insurance.

Is this a Professional Indemnity Policy?

I am a commercial skipper and i have been asked to deliver a yacht for a private client. i only need the insurance for 1 week. do you have a policy that will insure me, the crew and the yacht.

Unfortunately, we do not offer Professional Indemnity cover for delivery skippers, nor offer cover for short term risks or one off voyages and we do not have a policy that covers delivery skippers for loss or damage to a skippered yacht that they do not own.

Normal practice when a yacht owner uses a delivery skipper is that the yacht owner would have the delivery skipper approved by their insurers. In doing so, any loss or damage to the yacht whilst in the care of a delivery skipper would be paid for by the yacht owner’s hull insurers in the usual manner under the terms of the hull policy, as if the yacht owner had been on board at the time of the incident.

The yacht owner’s third party liability policy should likewise respond for third party liabilities incurred whilst the yacht is in the hands of a delivery skipper. Where the Pantaenius Skipper Third Party Liability policy comes into play is; if the yacht’s third party liability policy somehow fails to respond when a third party pursues a liability claim against you as the skipper of the yacht, or if you are uncertain as to the existence or suitability of the yacht’s third party liability insurance.  You might like to discuss with your prospective yacht owning client the possibility of having your delivery voyage covered under the owner’s yacht insurance in the customary manner.  However, purchasing the Pantaenius Skipper Third Party liability policy will provide an additional layer of personal protection and serve as a safety net should you personally incur a third party liability, whilst skippering, that is not covered by the yacht’s policies.

I am a commercial skipper and I use yachts that I do not own to conduct courses or undertake paid work such as deliveries or running charters. Can you insure me?

Yes, if you select the commercial use option the cover can be available to you, in accordance with the Terms and Conditions of the policy. Please read the policy details carefully to ensure you understand what the insurance is and what it covers.

If I take out a Commercial Skipper Liability Insurance would it cover me also for private use or would I need a Private Skipper Liability policy in addition?

The standard Skipper Liability insurance policy is for private use only and excludes commercial use, unless commercial use has been agreed by insurers.  The commercial Skipper Liability policy is an extension of the standard private use only policy, to also include commercial use. Private use is therefore included within the commercial policy and you do not need to buy two policies.

Why is a £50.00 administration fee charged for cancellations?

This is necessary in order to cover our costs in setting up and cancelling the insurance, so that it remains possible to continue to offer this insurance product in the future and at a competitive price.  

We haven't answered all your questions?

Please visit our FAQ area. If you can't find the help you need there, just contact us!

Please choose your cover for private use or commercial use:

Private use only options, vessels up to 17 m length.

Sum insured

(Personal injury/Property damage)

Annual Premium

£10,000,000

Vessels over 17 m length

Please note.

If the insurance is cancelled within the policy period, including within the first 14 days of inception, a £50.00 administration fee will be charged to cover set up and cancellation costs.

COMMERCIAL USE OPTIONS

Please be aware the annual premium shown includes UK Insurance Premium Tax. The Pantaenius Skipper Third Party Liability Policy is an annual policy. We will contact you before your renewal date to confirm your renewal terms. Policyholders can only be persons resident in the United Kingdom.

• Information about our Insurance Services
• Insurance Product Information Document
• Pantaenius UK Skipper Third Party Liability Insurance

Participating underwriters

Allianz Global Corporate & Specialty SE

Chubb European Group SE

Berkshire Hathaway International Insurance Limited, Germany

AIG Europe S.A.

HDI Global Specialty SE

Do you have any questions? If so, our dedicated staff are happy to help. Whether you would like a quotation for your boat insurance or more information on our products, we are at your service!

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Don't hesitate to contact our service team. We are always happy to assist.

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In addition to specialist insurance for yachts we also provide cover on a range of personal watercraft and short term boat rentals

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How can we help you?

Who is Haven Knox-Johnston Specialist and where do we come from?

Plymouth office ~ previously trading as Curtis Marine Insurance

Formally known as Curtis Marine Insurance, they are family-run insurance broker based in Plymouth. Offering marine insurance solutions in the UK for the last 40 years, they provide comprehensive coverage for various vessels and businesses, with an emphasis on exceptional customer service from initial quotes to claims support.

How to get in touch

+44 (0)1752 485090, [email protected].

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Take advantage of our attractive deposit insurance for Skipper and Crew. It is easy to forget that a chartered yacht is not our own among the fun and freedom a cruise on dream waters evokes. Understandably, the yacht owner secures themself against unpleasant surprises and charges a deposit. Whether it's a sail breaking, the yacht gets a few scratches, or the slightest damage after your return from the dream vacation, the owner will partly or wholly retain this deposit. In this case, you are protected by charter deposit insurance.

Details for the charter deposit insurance

It is covered in the partial or total withholding of the charter deposit by the owner/charterer due to loss or damage caused by the private policyholder or the crew. Insurance benefit: The compensation of the damage in money does not exceed the insurance sum. The deductible is 10 % of the deposit, at least 100 EUR. If the regatta risk is included, the deductible is 15 % of the deposit, at least 300 EUR.

Simple pricing model

To determine the insurance premium for our charter deposit insurance, only two questions are necessary:

• Is it covered for a voyage or an annual coverage?
• How much is the deposit sum? (for an annual coverage the most expensive planned deposit sum)

We also charge a one-off policy fee of 15,00 EUR including the statutory insurance tax.

Sample calculation:

A voyage with a deposit of 2.750 € without regatta risk: 2.750,- € x 0,08 = 220,- € The insurance premium to be paid is 220,- €. If the regatta risk shall be included, the following calculation is valid: 2.750,- € x 0,08 x 1,15 = 253,- € A voyage with a deposit of 900 € without regatta risk: 900,- € x 0,08 = 72,- € The calculated premium is below the minimum premium. That's why the bonus is 75,- € .

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Everything you need to know about the Excess Waiver for your Yacht Charter

The most common type of insurance taken out on a yacht charter is the Excess Waiver . What is it? What’s the difference with the boat deposit? Is it compulsory? GlobeSailor gives you all the information you need on this not-always-easy-to-understand insurance…

How does the Excess Waiver work?

The Excess Waiver for a boat rental works in the same way as for a car rental.

The boat’s deductible is the amount below which the boat’s insurer will not pay. The rental company (and the yachtsman) are responsible for covering this amount in the event of a claim. The rental company passes on this amount in the boat’s security deposit. It’s important to understand that the amount of the boat’s deductible is often equal to the amount of the deposit, but not necessarily. A rental company may well ask for a deposit higher than the boat’s insurance deductible…

For example, a customer rents a boat for 3,500 euros, with an insurer’s estimated value of 200,000 euros and a deductible of 4,000 euros. The rental company may ask for a security deposit of 1,000 euros (for minor damage such as the loss of a winch crank, broken crockery, a lost fender, etc.) + 4,000 euros deductible, i.e. a total security deposit of 5,000 euros. In this case, your guarantee will only cover the €4,000 deductible, without the €1,000 for minor damage caused by the crew and not covered by insurance.

It’s important to note that a residual deductible is often applied in the event of a claim. In fact, to raise awareness and encourage responsibility among charterers, even if the insurance reimburses the deductible in the event of damage, an amount of between €350 and €500 remains payable by the charterer.

Many rental companies still prefer to collect the security deposit together with the excess, even if you have taken out the excess waiver. In the event of a claim, the rental company will collect your deposit and your insurance will reimburse you for the excess. The maximum reimbursement amount is generally capped at 8,000 euros.

How much does the Excess Waiver cost?

The price varies depending on the insurance company and broker you choose. For more than 15 years, GlobeSailor has been working with Ouest Assurances , which offers a competitive Excess Waiver service that reimburses quickly and efficiently in the event of a claim.

The Excess Waiver costs between 4% and 8% of the rental amount. The price varies according to the sailing area (Europe or World) and the amount of the boat security deposit. Insurance policy fees are often added by the insurance broker (usually between €20 and €30).

What damages are covered in the event of a claim?

The Excess Waiver covers damage caused to the boat in case of a “sea event” , but in no way allows you to clear yourself of damage resulting from “minor breakage” for which you may be responsible and which remains your responsibility. The notion of ” sea event ” is important and must be clearly understood. A “sea event” is defined as a characterized accident resulting either from external impact of the ship, with a fixed or moving body, or from fire or explosion or natural force of exceptional and unforeseeable intensity, affecting the ship.

Why is the Excess Waiver sometimes mandatory?

Some charter companies require you to take out an Excess Waiver, particularly when chartering a boat with a professional skipper. In this case, the customer must also pay a reduced security deposit (between €500 and €1,000) to make him/her more responsible. It is the skipper and the rental company, not the customer, who bear the vessel’s excess.

We hope these details have helped you understand what a yacht charter Excess Waiver is. We strongly advise you to take out this insurance , which will enable you to sail with peace of mind , because even the most seasoned sailors can always be affected by an event at sea!

For more information, click here to download the insurance contract of our partner Ouest Assurances.

> More articles you might be interested in:

Why Charter an Older Boat? 

Estimating Expenses for your First Yacht Charter Holiday

Now There’s More Advantages to Booking with GlobeSailor!

Deposit insurance

Insurance offer > Deposit insurance

What is deposit insurance?

A scuffed boat gelcoat, a clogged toilet, a submerged outboard motor, a broken or upended hatch — these are a just a few of the common reasons for losing your security deposit that you pay the charter company at check-in. The amount typically ranges from €500–5,000.

If no damage occurs during your sailing trip, you get your deposit money back, otherwise, the charter company deducts part or all of the deposit (depending on the amount of damage). Taking out deposit insurance ensures you don't lose your money. You can choose from two variants: the BASIC deposit insurance and EXTRA deposit insurance .

COMPARISON OF DEPOSIT INSURANCE VARIANTS

Deposit insurance applies to all EU nationals residing in the EU.

BASIC Deposit insurance

Why take out the  BASIC  variant?

This insurance covers partial or total loss of your deposit due to accident, theft, vandalism or natural disaster.

How much does the  BASIC  variant?

The cost of deposit insurance is based on the amount of the deposit. For details of the BASIC deposit insurance costs, including the deductible (if any), take a look at the pricelist .

What is covered?

Partial or total loss of the deposit to the charterer as a result of destruction or damage to the chartered recreational vessel caused by the negligence of the insured skipper or crew.

Scope of insurance coverage also includes:

• Dinghy including outboard motor
• Basic sails (including careless handling, tearing due to sudden gusts of wind, etc.)
• Loss or other damage to the winches

What is not covered?

The insurance does not cover (exclusions) damage caused:

• Intentionally by the skipper or crew of the vessel
• As a result of the use of alcohol, or narcotic or psychotropic substances
• In connection with extraordinary events — e.g. war, mutiny, nationalisation, confiscation...
• In the event of the vessel being captained by a person without the appropriate authorisation, evidenced by a generally recognised document of qualification (i.e. the vessel must not be sailed without an authorised captain)
• When sailing in an area for which the vessel has not been approved
• In the case of the vessel being in an unseaworthy condition, if it has already occurred and was apparent before departure
• Unjustified withholding of the deposit as a result of an event not caused by the insured, the skipper or their crew
• Any financial loss (e.g. seizure of the boat due to violation of laws, late return of the boat)
• During races and regattas, including preparation for them — additional insurance may be taken out if necessary

Terms and Conditions of the Basic variant

• Payment is subject to proven damage or destruction of the chartered vessel.
• Proof of fault for the damage — the crew or skipper caused the damage.
• The insurance covers only the crew and skipper with EU citizenship, regardless of their nationality.
• The insurance does not cover areas of countries subject to current sanction restrictions  and does not cover damage caused by a person subject to sanction restrictions.

Our clients' experience with deposit insurance

To find out more check out our article — Charter boat deposit insurance in practice: our clients' experiences . Here you will find out about our clients' experiences in dealing with deposit insurance claims — what happened to them, how they resolved it and when they got their money back.

Are you hesitant about whether deposit insurance is worth it? In our experience, it’s a definite yes! Not only will it save your nerves, but also a lot of money. Find out why exactly you should take out deposit insurance in our article — 5 reasons to take out deposit insurance .

DEPOSIT INSURANCE guarantees that you will receive

your refundable deposit back  even if you accidentally damage the boat.

EXTRA Deposit insurance

Why take out the EXTRA  variant?

The insurance covers partial or total loss of the deposit due to accident, theft, vandalism or natural disaster. In addition, the policy also covers gross negligence and liability, including consequential financial loss and damage to the health of others — liability insurance .

How much does the EXTRA  variant cost?

The cost of bail and liability insurance is based on the amount of the bail. Check the table for details , where you will find the price list and the deductible rate. In case you book a boat in the Premium price package , which already includes BASIC deposit insurance, you will pay only the difference in the price of both insurances for the EXTRA variant.

• Basic and additional sails (including careless handling, tearing due to sudden gusts of wind, etc.)
• Liability insurance   — NEW : also covers damage caused to crew members by the skipper and his operation of the vessel. It does not cover damage caused by the insured on the chartered vessel.  Details here .

Terms and conditions of the EXTRA variant

• Payment is subject to proven damage or destruction of the chartered vessel
• Proof of fault for the damage — the crew or skipper caused the damage
• The insurance covers only the crew and skipper with EU citizenship, regardless of their nationality
• The insurance does not cover areas of countries subject to current sanction restrictions  and does not cover damage caused by a person subject to sanction restrictions
• Liability insurance does not cover damage caused by the insured on the chartered vessel.

Everything you need to know about boat charter deposit insurance

What is the latest date I can take out deposit insurance?

Who can take out deposit insurance?

Interested in our offer? Have any questions? Write to us and we'll get back to you:

Denisa Nguyenová

Sales Consultant

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Georgia Bill Requiring Boat Livery Insurance Waiting on Governor’s Signature

Boat operators, not properly insured boat rental places, will soon be held liable for injuries or damages caused by negligent operation of water craft if Georgia Gov. Brian Kemp signs a bill into law.

House Bill 994 was approved by the Georgia House and Senate in the final days of the legislature last month and it is now awaiting the governor’s signature. The law would take effect immediately upon signing and would shift liability from boat rental businesses, known as liveries, to drivers of the vessels – as long as the liveries maintain a hefty level of liability insurance.

A late change to the bill raised the insurance requirement from $250,000 per person and $500,000 in aggregate, to $500,000 and $1 million.

“In order to avail itself of the protections provided in subsection (b) of this Code section, a boat livery shall not rent, lease, or charter or offer to rent, lease, or charter a vessel without first obtaining and maintaining in full force and effect a policy from a licensed insurance carrier in this state or a nonadmitted insurer through a licensed surplus lines broker that provides coverage for such boat livery against any accident, loss, injury, property damage, or other casualty caused by or resulting from the operation of a boat livery vessel,” the bill reads.

The rental place would be held liable only if it fails to ensure that the boat operator is reasonably skilled in operating the craft and is not reckless, and that the boat is in safe condition. It also must have proof of insurance displayed and available for inspection.

Topics Georgia

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