Marine Superyacht Insurance
Marine Superyacht Insurance provides comprehensive cover for owners of luxury yachts and superyachts, safeguarding against a wide range of risks associated with owning and operating large vessels. Whether you're cruising the Mediterranean or moored in Brighton Marina, this specialised insurance offers protection for your yacht, crew, guests, and onboard equipment. With high-value assets at stake, Marine Superyacht Insurance ensures peace of mind by covering everything from accidental damage to third-party liability.
Luxury Protection for Superyacht Owners
Owning a superyacht comes with a unique set of risks that standard marine insurance policies may not fully address. Marine Superyacht Insurance is specifically designed to cover high-value vessels, offering extensive protection tailored to the complexities of yacht ownership. From damage to the yacht itself to legal cover for crew and guests, this insurance provides bespoke solutions that keep your superyacht protected, whether docked or out at sea.
Features and Benefits of Marine Superyacht Insurance
Hull and machinery cover: Protects the yacht’s structure and mechanical systems from accidental damage or breakdown.
Third-party liability: Covers legal claims for injury or property damage caused by your yacht, whether at sea or in port.
Crew liability: Provides legal cover for injury, illness, or accidents involving your crew.
Personal accident cover for guests: Ensures medical costs and compensation for guests injured while onboard.
Worldwide navigation cover: Flexible policies offering cover for cruising in various regions, from the Mediterranean to the Caribbean.
Theft and malicious damage: Protection against theft, vandalism, or deliberate damage to your yacht.
Tender and water sports equipment: Covers tenders, jet skis, and other water sports equipment stored on the yacht.
Emergency assistance and salvage: Provides support for towing, salvage, and emergency repairs at sea.
What is Typically Covered?
A typical Marine Superyacht Insurance policy includes:
Hull and machinery: Cover for damage to the yacht’s hull, engines, and mechanical equipment.
Third-party liability: Protection against claims made by other parties for injury or property damage caused by your yacht.
Crew cover: Liability cover for injuries or illness suffered by crew members while working on your yacht.
Personal accident cover: Compensation for guests or passengers injured while on board.
Watercraft and equipment: Insurance for water sports gear and smaller vessels, such as tenders or jet skis.
Common exclusions may include:
Wear and tear: Gradual deterioration of the yacht or its equipment is not covered.
Racing events: Damage sustained during racing or speed trials may require separate cover.
Unqualified crew: Claims may be denied if the yacht is operated by an unqualified or unlicensed crew.
War or terrorism: Risks associated with war, terrorism, or political unrest may require additional cover.
Since Marine Superyacht Insurance can be complex, it’s crucial to have a policy tailored to your specific yacht, its usage, and the regions you navigate. Becks insurance brokers will work with you to create a bespoke plan that ensures every aspect of your yacht is fully protected.
Protect Your Superyacht with Becks Marine Superyacht Insurance
Ensure your luxury yacht is safeguarded with comprehensive Marine Superyacht Insurance. Becks Insurance Brokers offer tailored policies designed to protect your high-value asset, crew, and guests. Book an appointment with a broker here or request a personalised quote online here.