Yacht Third Party Liability Insurance
Third party boat insurance, as it is often called, provides cover for damages that the owner, guests or crew have caused against a third party in conjunction with the use of the vessel.
Pure regatta fun
Our yacht liability insurance covers regatta risks as Standard.
Additional sports equipment
Damage arising from the use of dinghies and watersports equipment belonging to the vessel is also insured.
Defence against unjustified claims
Legal defence against unjustified claims for damages by third parties is also automatically included.
Damage arising, for example, from water contamination, including groundwater, is covered.
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 post or by email. 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?
Tax-exempt sports trailers with a green registration number are automatically co-insured with the towing vehicle. If the trailer is not coupled to a vehicle and the trailer causes damage to a third party, the owner of the trailer is personally liable. For an additional premium, this trailer can be included in the yacht liability insurance. If you wish to register a trailer that is subject to compulsory insurance (black registration number), you will need an EVB number (electronic confirmation of insurance). This is issued by your vehicle insurer or by our colleagues at Pantaenius Versicherungsmakler GmbH at www.pantaenius.eu.
Can I lend my boat to friends?
Yes. Pantaenius liability insurance covers the policyholder, the owner, the captain, crew and anyone who is on board with the permission of the policyholder or the owner. This also applies to the use of dinghies and the undertaking of sports, as long as such activities happen in connection with use of the yacht.