insurance guide
Yacht insurance buyer's guide
Yachts come in all shapes and sizes and everyone's boating lifestyle is different. So how do you know if your insurance is right for your craft, your mooring arrangements...
View insurance guide
Coronavirus help and support for our insurance customers
Sail further with yacht and catamaran insurance from Towergate, including:
If you prefer to speak to someone, call the team to discuss our yacht insurance:
Weekdays 9am - 5pm
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Our yacht and catamaran insurance policies cover single-handed use. This is the case for up to 24 continuous hours for avid UK sailors. Check our policy wording for more details.
Yacht and catamaran liability whilst racing is covered as standard. Our optional ‘Racing Risks’ extension provides cover for damage to masts, spars, sails and rigging on a new for old value basis.
Whatever your yachting style is, you can be ‘marina and race-ready’ with up to £5 million in liability cover. Exclusions include, employees and marine trade workers, fare paying passengers, water skiers, parascenders and divers.
For more complex claims, a specialist handler will be assigned to manage your yacht or catamaran claim. They will carefully lead you through the whole process.
You can get in touch to let us know about a claim 24/7.
All we need are the details of your claim, your policy number and some photographic evidence where appropriate.
To claim simply email us or call us on:
We know more about yachts than just insurance, discover tips and guides here:
insurance guide
Yachts come in all shapes and sizes and everyone's boating lifestyle is different. So how do you know if your insurance is right for your craft, your mooring arrangements...
View insurance guide
insurance guide
Spend an afternoon at a busy marina, and it’s clear that yachting is having something of a heyday. Whether you’ve previously sailed with a crew and are looking to next compete in your own vessel, or you are simply attracted to the lifestyle of leisurely weekends along the coast, owning a yacht is a dream for many. But what does owning a yacht involve, and how much will it all set you back? Our guide will help you understand the realities of yacht purchase and ownership.
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It can often seem a chore to prepare your yacht for the start of the new sailing season. However, if attention isn’t given to maintenance before you take to the water, it could result in costly repair bills and inconvenience. Read our tips on how to keep your yacht in top condition.
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There are an exciting variety of creatures great and small dotted around our coastlines and visible from some choice UK sailing spots. We've compiled the top 10 wildlife watching spots on our coasts with everything from dolphins, sharks and whales in the UK, to puffins, butterflies and owls. Don't worry if you don't sail, all these attractions can be enjoyed if you want to make it a walk on the wild side instead.
We understand that due to the Covid-19 outbreak you may be unable to visit your boat. Read our FAQs for this situation.
Our yacht insurance covers a number of items, including things you’d carry on your person such as digital compasses or pocket knives. These smaller items do have a single article limit of £300. However, you can also cover more expensive items such as on-board GPS equipment and outboard motors. All you need to do is let us know what you’d like covered so we can include it in your sums insured. Please let us know if you would like to cover any items over the £300 single article limit.
Unfortunately, we can’t cover you in the Caribbean or the Baltic seas, though we can sometimes refer this to our underwriters. As a rule, we do not cover any cruising more than 35 degrees east in the Mediterranean. Again though, you’ll need to let us know if you want to change your cruising range from what you originally agreed when you set up your policy. See the question below for more detail.
Things never stand still in the world of boating. So, if you’ve installed the latest gadget and you need your sums insured amended or you’ve changed your mooring arrangements or cruising range, give us a call and we’ll update your policy. There is an administration fee charged to change the details on your policy plus any premium increase related to the additional cover you require.
If your yacht is over 35 years old, we will require proof that you’ve had it surveyed. Furthermore, we will require your craft to have a survey every 10 years thereafter. For yachts under 35 years, no survey is required for you to take out insurance.
Yes, we also provide liability for those actively using older yachts or launching onto the water. This third-party cover product includes the removal and disposal of wrecked craft, as well as the re-floating and removal of damaged craft (under 60 years old).
In some ways, yacht insurance works like car insurance. If you’re an experienced sailor, your premium might work out cheaper. Contact us to see if any discounts apply.
If you would prefer to spread the cost of your policy, you have the option of setting up a Direct Debit to pay your premium in equal monthly instalments through our preferred provider, Premium Credit Limited (PCL).
To find out more about PCL and direct debit payments, select Direct Debit
To understand more about how PCL work together with Towergate, please read our Regulatory Information.