I have sold my boat. What happens with my policies?
If you have sold your boat, please inform us immediately by sending us a purchase agreement or transfer certificate by email to email@example.com. Your policies will then be cancelled and settled upon transfer of ownership.
Can the purchaser take over the policies?
The policies cannot be transferred directly. In the case of existing yacht hull insurance/yacht liability insurance, temporary insurance cover is provided for the purchaser for one month from the date of transfer of ownership. For hull insurance, the purchase price specified in the purchase agreement applies, however up to a maximum of the previous sum insured (agreed fixed value). The purchaser will also receive an insurance recommendation, so they can take out new policies.
How is my trailer co-insured?
Trailers and bearing blocks that permanently belong to the boat are automatically co-insured under the hull insurance.
My trailer is now automatically included in the insurance cover, do I need to specify an extra sum?
Yes. To ensure that you have sufficient insurance cover in the event of the total loss of the boat and trailer, a separate additionally insured sum should be specified for the trailer.
Can I lend my boat to friends?
Pantaenius hull insurance also covers friends and family, so it is fine to lend your boat on a non-commercial basis.