Yacht Hull Insurance
What am I covered for? This is an important question. Before considering any policy of insurance you need to be asking yourself ‘what do I want to be covered for?’
We don’t pretend that scrutinising your policy schedules and the accompanying terms and conditions is the most exciting activity however, if you want to know what your yacht insurance covers then this should be your first port of call.
Basis of Cover
Hull Insurance covers you for damage to your own yacht and is one of the main types of marine insurance policies available. It covers a broad range of damage to a yacht’s hull, machinery and equipment. The type of hull cover sought will depend on your intended use of the vessel. Will your yacht be chartered? Do you need cover for racing? Where will the yacht be operating? Do you want in-commission use throughout the year? Do you transport your yacht as cargo?
As a marine insurance specialist Pantaenius offers the ideal yacht insurance solution, providing a range of comprehensive covers to meet your individual sailing requirements. With an Agreed Fixed Value policy, the value of the yacht is agreed between insured and insurer right from the start and that’s what is covered in the event of a total loss whereas some insurance providers will only offer market value.
Marine Liability insurance covers your legal liabilities arising from causing damage to another person’s property (usually another vessel) or causing injury to or death of another person. The majority, but by no means all, of insurers include marine liability insurance in the same policy as the hull insurance. Pantaenius offers its marine liability insurance on its own, as keeping this policy separate means that claims on this policy will not affect the premium or conditions on any associated policy.
Other insurance covers available include Personal Accident Insurance, which pays a sum as compensation for a permanent disability or death. The Pantaenius Personal Accident Insurance is a dedicated stand alone policy offering not only accident cover but also includes additional benefits such as emergency medical expenses and search & rescue costs.
Your Yacht Insurance Solution
When Pantaenius was established in 1970 its aim was the development of specialised insurance policies with bespoke insurance terms. Since that time, much has changed in the world of insurance but our aim of offering unequivocal cover with the yacht owner our prime concern has remained unmoved.
However, it’s not enough to look at the cover alone, when choosing your yacht insurance provider you should also consider the level of customer service that will be offered. And what if you need to make a claim? The only way you will know how good your insurance is, is if you need to make a claim.
Pantaenius has a reputation for its professional conduct in the handling and settlement of claims with quick and efficient claims handling our highest priority. And as sailing isn’t a 9-5 job, Pantaenius operates its own in-house 24-hour emergency claims line ensuring emergency assistance is available day or night, 365 days of the year.
Pantaenius UK Limited is authorised and regulated by the Financial Conduct Authority.
Why not get a quote or call us if you wish to discuss your insurance requirements.