Yacht Insurance

Are you a proud owner of a yacht or do you have plans to purchase one soon? If so, it is a good idea to look into yacht insurance. A yacht is an impressive boat. Whether you only sail in the Netherlands or travel longer distances: you want to enjoy the water carefree! That's why yacht insurance is worth considering. You choose the coverage you want. Do you go for the basic WA boat insurance, which covers damage to others, or do you prefer more extensive insurance with an all-risk boat insurance? At Alpina.nl we tell you all about yacht insurance.

Is yacht insurance mandatory?

In the Netherlands, insuring a boat is not mandatory. Taking out yacht insurance is therefore not an obligation, but a choice. Why would you take out yacht insurance? A yacht is of course an expensive boat. Therefore, the repair costs after damage to your yacht can be quite high. Moreover, the Dutch waters are becoming increasingly crowded. This increases the risk of accidents. Not only the damage to your own yacht, but also damage caused by you to someone else can be quite costly. With yacht insurance you know for sure that you are insured for the, sometimes sky-high, repair costs.

Please note that in some situations you are obliged to take out third-party insurance. This is for example at competitions, in a marina, a boat storage or on (part of) the water. Also outside the Dutch waters it can be that a boat insurance is mandatory. For example, this is often the case in countries around the Mediterranean Sea, such as Greece, Croatia, Italy and Spain.

What is the price of yacht insurance?

The cost of yacht insurance depends on a number of factors, including:

• The type of boat

An insurer looks at the type of boat (for example, a yacht or a sloop), the year of construction, the length of the boat, and the current value of the boat.

• The engine

Boats have different types of engines. In addition, there is a difference in the risk for the insurer with some engines. For example, an insurer will look at whether it is a built-in engine or an outboard engine. They also want to know what fuel is used and what the total power of the engine is.

• The coverage

Of course, the coverage you choose for your yacht insurance also affects the amount of the premium. The basic third-party cover is the cheapest cover. You will pay less in premium per month than when you choose an extensive all-risk yacht insurance.

Furthermore, an insurer may look at:

• Any claim-free years you have accrued from past boat/yacht insurance policies.
• Any membership in a water sports club.

What coverage for yacht insurance?

When you take out yacht insurance you have the choice of three different types of coverage, namely third party liability, third party limited hull and all-risk. When choosing the coverage, it is best to look at your boat and your personal situation. Moreover, the right coverage also depends on the sailing areas where you want to be covered and where the boat will be moored. We briefly explain each coverage below.

WA

WA stands for third-party liability. With WA coverage, you are insured for damage you cause to another person with your yacht. For example, if you accidentally sail into another boat. If you also cause damage to your own boat, this is not insured. For this you need to take out more extensive coverage.

WA limited casco

A yacht insurance with WA limited hull coverage is an addition to the basic WA coverage. With WA limited hull coverage, your boat is insured for damage from fire, spontaneous combustion, explosion, joyriding, storm and hail. Moreover, you are also insured for damage to the contents of your boat.

All-risk

Finally, there is the most extensive coverage: All-Risk. All-risk coverage is also called WA full casco. With an All-risk boat insurance you are, in addition to all the aforementioned damages, also insured for damage to your own boat, even when the damage is your own fault. For example, did you crash into the quay while mooring the boat? Then an all-risk insurance covers the repair costs of your boat.

Take out yacht insurance directly through Alpina!

Are you looking for insurance for your yacht? At Alpina we have a suitable insurance for every boat. Moreover, you can easily calculate an indication of the premium online. For this we need some personal data and details about boat. You will then get an overview of all providers, including corresponding premiums and policy conditions. Have you found the best yacht insurance? Then you can take out your insurance directly online!

Do you still have questions about taking out yacht insurance? Then don't hesitate to contact us! Our insurance specialists are ready to answer your questions Monday through Friday from 08:00 to 18:00.