Having secured the purchase of your yacht, all you probably want to do is to slip the lines, nose out of the harbour, hoist the main, set the genoa and settle back at the helm to enjoy the unrivalled pleasure of your own yacht slipping through the water.

And who can blame you, but prudence would dictate that you ensure you have in place adequate yacht insurance before you set to sea, not just for yourself and your boat, but to cover all third parties and your crew as well.

When things go wrong at sea, they often go wrong in many ways which leads to costs spiralling. This is when you need to have a good comprehensive insurance policy to back you up.

In addition, as a requirement to any Insurance policy, it is likely that you as the owner or at least the skipper of the boat is a qualified sailor, Typically the best qualifications are those endorsed by the Royal Yachting Association (RYA) – for skippers these start at the Day Skipper level moving up to Coastal Skipper and the Yacht Master.

From a practical point of view being as qualified as possible makes sense, and may well confer some discounts when securing Yacht Insurance.

To find the best or cheapest yacht insurance, speak to your Financial Advisor who, if they are not expert in this area, will be able to point you in the direction of a marine insurance specialist who can advise you on the boat insurance for your specific needs. Whilst we can’t advise you on boat insurance rates, we would like to share with you our findings on some of the Insurance offers for boats in the market and suggest that you take advice on whether these are appropriate for you.

Example Boat Insurance Rates – Sample Insurance Providers
Company: Sainsbury's Loans

Yacht Insurance