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Yacht Insurance

Whether you are planning a big trip with your yacht for the first time or have decades of experience as a skipper; whether your watercraft has just left the shipyard or has already been in use for longer; whether you spend your holidays in the Mediterranean or your big dream is to sail around the world: We know that every skipper uses his yacht in a different way.

That is why we have designed our yacht insurance packages to be very flexible. The framework is formed by our two coverage concepts EIS TOP and EIS BASIC, each of which includes liability, fully comprehensive, and passenger accident insurance. Yacht insurance from EIS European Insurance & Services GmbH. – for safety and a comfortable feeling on sea.

Table of contents

Which yacht insurance is right for me?

What does the EIS yacht insurance include?

Yacht liability insurance

Yacht fully comprehensive insurance

Yacht passenger accident insurance

Insuring your yacht: our TOP coverage at a glance

Insurance for yachts: our BASIC cover at a glance

Optional co-insurances

Yacht fully comprehensive and more: insurance for the sea tailored precisely to your needs.

Which yacht insurance is the right one for me?

You can take out your individual yacht insurance policy with EIS: Within the scope of TOP cover or BASIC cover, you decide on the coverage that suits your needs best. Do you just need yacht fully comprehensive insurance, or are liability insurance and passenger accident insurance also relevant to you? Just one click and a few details about your yacht are enough to calculate the premium for your tailor-made yacht insurance.

What does the EIS yacht insurance include?

With our yacht insurance, we offer you a package of three individual insurance policies with two coverage concepts. In the following, you will discover the details of each package. Your individual premium is determined by the services you require. You can find out everything you need to know and to be considered in the event of a claim here.

Yacht liability insurance

  • Yacht liability insurance settles claims resulting from personal injury and property damage caused to third parties by you as skipper or the crew.
  • The TOP cover also includes liability claims by co-insured persons against each other for personal injury.
  • If you pull water skiers and paragliders with your yacht, the legal liability is insured with EIS.
  • Damage during sailing regattas and transfer trips also is covered.

Yacht fully comprehensive insurance

  • The Yacht fully comprehensive insurance covers damage to your own yacht and accessories.
  • This can be the case, for example, after a thunderstorm, storm, fire, collision, mast breakage, vandalism, or theft.
  • Personal effects are also covered by EIS, such as laptop, smartphone, camera, clothing, and fishing equipment.
  • The deductible is partially excluded.

Yacht passenger accident insurance

  • The yacht passenger accident insurance is valid worldwide for the insured yacht and its tenders.
  • If you charter a yacht, the insurance cover also applies within the scope of the TOP cover.
  • The insured persons include yourself as the policyholder as well as skippers, crew members, visitors, and guests.
  • Rescue costs and medical fees up to EUR 3,000 are covered by TOP cover.

Insuring your yacht: our TOP coverage at a glance

  1. Included in the yacht liability insurance are, among others:
    • the personal legal liability of the skipper and other persons authorised to operate the vessel,
    • the ownership and use of tenders with a drive power of up to 60 hp,
    • the legal liability arising from the towing of water skiers and paragliders,
    • the personal legal liability of water skiers if and as long as being towed by the vessel (subsidiary),
    • the legal liability for damage occurring during participation in sailing regattas or during the associated transfer trips,
    • the legal liability of the insured persons, if they are called upon by a boat in distress to render assistance, and damage is caused to the boat in distress as a result of this corresponding assistance measure - e.g., a line connection,
    • the personal legal liability of the policyholder and the co-insured persons arising from the driving or operation of third-party watercraft and/or their equipment, inventory and accessories (subsidiary),
    • liability claims of co-insured persons among each other for personal injury, which are not work-related accidents in the policyholder's business, as well as damage to property,
    • the legal liability arising from damage to rented storage rooms and jetties (up to EUR 200,000) rented for private purposes for the accommodation or storage of the yacht,
    • the legal liability for pecuniary loss arising from insured events that occurred during the validity of the insurance policy,
    • the legal liability of the policyholder for direct or indirect consequences of changes in the physical, chemical, or biological quality of a body of water including groundwater (water damage).
  1. Within the scope of the yacht full comprehensive insurance, the following are insured, among others:
    • genuine all-risk cover,
    • in the case of partial damage: "new for old" (without deductions),
    • non-named personal effects and non-fixed equipment and accessories up to 2% of the sum insured,
    • assumption of transport costs to the shipyard and back,
    • expenses for salvage, salvage attempts and, if necessary, disposal up to 2,000,000 EUR (in addition to the sum insured),
    • expenses of the policyholder in order to avert and mitigate a loss up to an amount of 50 % of the sum insured,
    • after grounding, inspection costs of the yacht without deductible,
    • abroad, the organisation and cost absorption of a replacement skipper in case of unforeseen illness of the skipper (up to 1,100 EUR) to the port of departure or destination,
    • in the event of total loss: agreed sum insured minus residual value,
    • consequential damage to yacht and boat due to rain, snow, heat, oxidation, rodents, wear and tear, construction faults, manufacturing or material defects,
    • no deductible in the event of total loss of the yacht, burglary of the effects, equipment and accessories that are not permanently installed,
    • no deductible for damage caused by lightning as well as transport, collision and fire damage caused solely by third parties,
    • no deductible in the event of theft of the outboard motor, when it is equipped with a GPS/GSM transponder.
  1. The yacht passenger accident insurance includes among other things:
    • worldwide scope of application for the insured yacht and its tenders as well as yachts chartered by the policyholder
    • insured persons are the policyholder (yacht owner), skipper, crew members, visitors and guests
    • double disability benefit as of 90 % disability
    • reimbursement of up to EUR 3,000 for sea rescue, search and salvage costs
    • reimbursement of medical fees, other operation costs, hospitalization as well as dentures costs or cosmetic operations up to an amount of EUR 3,000

Insurance for yachts: our BASIC cover at a glance

  1. Yacht liability insurance covers, among other things:
    • the personal legal liability of the skipper in charge and the persons otherwise authorised to operate the vessel,
    • Ownership and use of tenders with a drive power of up to 5 hp,
    • the legal liability arising from the towing of water skiers and paragliders,
    • the personal legal liability of water skiers if and as long being towed by the vessel (subsidiary),
    • the legal liability for damage occurring during participation in sailing regattas or during the associated transfer trips,
    • the legal liability of the insured persons, if they are called upon by a boat in distress to render assistance, and damage is caused to the boat in distress as a result of this corresponding assistance measure - e.g., a line connection,
    • the legal liability for pecuniary loss arising from insured events which occurred during the validity of the insurance policy,
    • the legal liability of the policyholder for direct or indirect consequences of changes in the physical, chemical or biological condition of a body of water, including groundwater (water damage).
  1. The Yacht full comprehensive insurance covers among other things:
    • insured perils: Collision, grounding, stranding, sinking, fire and explosion, theft, vandalism, force majeure, lightning and mast breakage
    • including insurance cover for a named trailer in the event of fire, explosion, theft, and total loss as a result of an accident or force majeure
    • in the event of total loss: Replacement of the current value (current value insurance)
    • in the event of partial damage: cost assumption of repair costs with deductions "new for old", reimbursement of transport costs to and from the shipyard
    • Insurance cover extends to the yacht including machinery, equipment, inventory, dinghies, accessories, and personal effects
    • Insurance cover is provided on water and on land, including landing and launching
    • Insurance cover for land transport and the trailered boat by ferry is included
    • Expenses for salvage, salvage attempts and, if applicable, disposal are covered up to the amount of the sum insured (in addition to the sum insured)
    • also insured are expenses of the policyholder in order to mitigate a loss up to an amount of 20 % of the sum insured
    • including regatta risk/competition risk for sailboats at club regattas
    • non-named personal effects, equipment, and accessories up to a value of 1 % of the sum insured are included in the insurance cover
    • No deductible in the event of theft of the outboard motor when equipped with a GPS/GSM transponder
  1. These points are included in the yacht passenger accident insurance:
    • area of validity worldwide for the insured yacht and its tender
    • insured persons are the policyholder (owner), skipper, crew members, visitors, and guests
    • double disability benefits up to 200,000 EUR/person from 90 % disability onwards

Optional co-insurances

You have the option of insuring additional risks with both the TOP and BASIC cover. You can find out what these are in the following table. This allows you to tailor your yacht insurance to your individual requirements.

TOP

BASIC

Co-insurance of the charter risk for commercial use

v

v

Co-insurance of charter cancellation for commercial use

v

v

Extended machinery coverage

includes unforeseen damage due to operating errors, clumsiness, failure of measuring, control or safety equipment, rupture due to centrifugal force, overpressure, underpressure, frost and icy conditions

includes unforeseen damage due to operating errors, clumsiness, failure of measuring, control or safety equipment, rupture due to centrifugal force, overpressure, underpressure, frost and icy conditions

Machinery coverage for new yacht/engines

can be applied for free of cost for the first 36 months

×

Co-insurance of the regatta risk

×

v

Co-insurance of confiscation, war, and strike

v

v

Yacht fully comprehensive and more: insurance for the sea tailored precisely to your needs

EIS yacht insurance policies are as adaptable as your watercraft at sea – you decide the direction. Get an overview of the insurance benefits of the TOP and BASIC cover, in which we combine yacht liability insurance, yacht hull and passenger accident insurance for you.

Do not hesitate to contact us if you have any questions. We will be happy to advise you and work with you to find the appropriate yacht insurance that exactly suits your plans. Call us on +49 (0)30 214 082 0 from Monday to Friday between 9 a.m. and 6 p.m. or get in touch with the EIS insurance experts by e-mail (info@eis-insurance.com)!

We also offer more insurances in the areas of yacht and boat as well as skipper and crew.

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