Yacht Hull Insurance
Yacht Hull Insurance from Pantaenius covers you for total loss and partial damage to your yacht.
Salvage? No Problem!
Unlimited costs are covered without deductible in the event of salvage or wreck removal.
Construction and material errors
Consequential damages resulting from construction or material defects, as well as wear and tear resulting from normal use, are fully covered in the event of an insured peril. Only the damage to the directly affected part is excluded.
An extension of the cruising area tailored to your individual needs is possible at any time. Occasionally leaving the agreed cruising area is automatically included in the insurance.
Inventory and equipment
Inventory and equipment fastened securely are included in the insurance cover, also when securely stored outside of the yacht and during the winter storage.
Inspection costs included
If you have grounded your vessel, the necessary inspection costs are covered without excess, irrespective of whether any damage is established.
Transport and storage
Land and river transport of your yacht is covered, as are slipway and crane procedures, winter storage and shipyard and repair stays.
Total engine cover is possible!
Legal expenses insurance
Owners who take out our hull insurance additionally benefit from our Pantaenius legal expenses insurance. The legal expenses insurance covers the same persons as those comprised by the hull insurance and provides comprehensive coverage in the case of legal disputes.
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.
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.
What are the notice periods?
The policies are valid for one year in each case and are extended automatically by one year at a time unless terminated by email or in writing three months prior to expiry of the relevant period.
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APPROVED BY FINANCIAL AUTHORITY
Pantaenius AB is an insurance intermediator and approved by financial authority. For more information please click here.