Yachts & Small Pleasure Craft
Yachts & Small Pleasure Craft

We have been involved in the placement of Marine Insurance Risks for Yachts and small craft since the inception of the company. Our main aim was to bring our knowledge base from the Shipping Industry into play and provide small to medium Shipowners in the local Greek market with the technical and operational expertise we have collected over the years.

 

Our clients gain the experience and expertise that has been collected from placing Marine Risks Insurance in the international and local markets, so that we can assist in not only the placement of their risks, but also the management of their claims if and when they may occur.

 

Marine yacht insurance is a specialized form of marine insurance designed to protect yacht owners from the financial risks associated with owning and operating their vessel. Boat insurance and yacht insurance are typically tailored for the larger, more valuable watercraft, which offer a more comprehensive range of coverage.

 

Key components of a policy often include Hull and Machinery (H&M) coverage, which protects against physical damage to the yacht and its equipment from events like collisions, fire, theft, or natural disasters. Additionally, Protection and Indemnity (P&I) insurance is a critical liability component, covering third-party claims for bodily injury or property damage, including those involving crew members and passengers.

 

Policies can be customized with various add-ons, such as coverage for personal belongings, salvage costs, and pollution liability, providing a robust safety net for a significant investment.