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Motor Yacht Insurance

Motor Yacht Insurance

Motorboats or Motoryachts, known for their speed, versatility, and ease of handling, are a popular choice among boating enthusiasts. Whether used for leisure cruising, fishing, or water sports, motorboats come with specific insurance needs that differ from other types of vessels. As these boats are often more powerful and frequently used, understanding their unique insurance requirements is crucial for owners.

Another key aspect is liability coverage. Given the speed and maneuverability of motorboats, there is a heightened risk of collisions with other vessels or property, making liability coverage essential. This coverage protects the owner in case of accidents that result in damage or injury to others, offering peace of mind when navigating busy waterways.

Additionally, motorboats are often used in a variety of water conditions, from calm lakes to open seas. This variability means that insurance policies should be tailored to cover different cruising areas, ensuring the boat is protected whether it's used on inland waters or offshore. Coverage for potential environmental damage, such as fuel spills, is also important given the potential for accidents that could impact the surrounding water and wildlife.

At Sealogy, we understand the specific needs of motorboat owners. Our specialized insurance solutions provide comprehensive protection that includes multiple machinery coverage concepts, liability, and environmental safeguards. Whether you're using your motorboat for a leisurely day on the water or more adventurous pursuits, our policies are designed to keep you covered, allowing you to enjoy the freedom of the water with confidence.

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Highlights of our Motor Yacht Cover

Coverage According to Your PrioritiesYou choose between comprehensive All-Risk Cover and cost-effective Basic Cover, protecting you against named perils.
Tailored to Meet Your NeedsTogether, we tailor insurance coverage that aligns perfectly with you, your yacht, and your intended use. Our mission is to provide you with the peace of mind to pursue your dreams with confidence.
Agreed Fixed Value for Total LossIn the unfortunate event of a total loss, our Top Cover ensures you receive the full sum insured as agreed, without any deductions except for residual value.
New for Old for Partial LossesFor partial losses, our Top Coverage replaces damaged parts up to the full sum insured amount, without any deductions. We ensure your yacht is restored with the care it deserves.
No DeductibleFor total loss, theft, transport damage, collisions, and fire damage caused by third parties, as well as post-grounding inspections, no deductible will apply in our Top Cover.
Reduced Deductible for LoyaltyYour loyalty means the world to us. With 5 or more years of claim-free coverage under our Top Coverage, your deductible is halved, reflecting our appreciation for your trust.
Free Dinghy CoverageYour dinghy is automatically covered under our liability insurance, up to 60HP in our Top Coverage and 5HP in Basic Coverage.
New-Machinery Cover for 36 MonthsFor new yachts, our Top Coverage includes upon request a complimentary 3-year all-risk cover extension on propulsion systems, ensuring long-term protection and peace of mind.
Extended Machinery CoverWhen needed, we provide extended machinery coverage that protects against misuse and operational damages.
Charter Loss CoverShould your yacht become unavailable for charter due to damage, we cover the loss of charter fees, ensuring your financial forecast remains intact.
Charter Risk CoverYour yacht remains fully insured during charter operations, whether bareboat or crewed. We even cover the risk of misappropriation.

Tailor-Made Insurance Coverage

At Sealogy we believe that Peace of Mind is absolutely essential to thrive in life and business. Our goal is to contribute to your peace of mind on your maritime endeavours so that you can fully embrace your passion.

We achieve that by providing you with insurance coverage that is meticulousy tailored to your needs and priorities ensuring that you can Navigate with Confidence, knowing you're thoroughly protected every step of the way.

Tailoring insurance coverage to your specific needs and priorities begins by understanding your specific set-up and priorities. It involves considering the level of protection you need and want, the importance of premium costs and the deductibles you’re comfortable with. And then to carefully craft insurance coverage to align with your unique needs and specific circumstances.

At Sealogy, every insurance policy is as unique as the owner that seeks insurance coverage with us.

Send us a Quote Request and we’ll be happy to provide you with a tailor-made insurance quotation that perfectly suits your needs. And if it’s not exactly right the first time, we’ll refine it until it truly fits you.

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Yacht Insurance - Products and Cover-Concepts

Third Party Liability (TPL) Insurance

Third Party Liability Insurance (TPL) provides vital protection against financial liabilities if your yacht causes damage to other vessels, property, or people. It’s the essential coverage that allows you to navigate with peace of mind, knowing you’re protected. Learn more about our Sealogy Third Partly Liability Insurance for your yacht.

Hull & Machinery (H&M) Insurance

Hull & Machinery Insurance (H&M) covers the physical integrity of your yacht, including its hull and onboard machinery. From unexpected accidents to challenging weather conditions, this coverage ensures your yacht is safeguarded and can be promptly restored. Learn more about our Sealogy Hull & Machinery Insurance for your yacht.

Passenger Accident Insurance

Passenger Accident Insurance offers crucial coverage for any injuries your guests might sustain while aboard your yacht. It’s a reflection of your dedication to their safety, ensuring that everyone can enjoy their time at sea with confidence. Learn more about our Sealogy Passenger Accident Insurance for your yacht.

Sealogy BASIC - Named Peril Cover

Our Sealogy BASIC Cover is a named Peril Cover. That means it provides insurance protection only against specific risks or "perils" explicitly listed in the policy and the Terms & Conditions. If a peril isn't named, it's not covered. For example, if your policy lists theft, grounding and collision as covered perils, then damage caused by any other event would not be covered. Our BASIC Cover is a cost effective way to protect against many of the most relevant risks for yacht owners. In some cases - mostly very special risks - BASIC Cover may be the only cover we can provide. Learn more about our Sealogy BASIC Cover for your yacht.

Sealogy TOP - All-Risk Cover

Our Sealogy TOP Cover is an All Risk Cover. It offers comprehensive protection by covering a wide range of potential risks - except those explicitly excluded in the policy and/or Terms & Conditions. Unlike our BASIC Cover, which only covers specific risks listed in the policy, our TOP Cover offers much broader protection. Seeking insurance coverage based on our TOP Cover is the best way to achieve maximum Peace of Mind on your maritime adeventures. Learn more about our Sealogy TOP Cover for your yacht.Get your Quote